The Pi Network price today remains under pressure as the token continues to extend its multi-week downtrend below key exponential averages and descending resistance lines. At the time of writing, Pi Network price is trading near $0.638, having shed over 1.5% in the past 24 hours. The ongoing weakness signals a lack of bullish conviction amid broader market indecision, as PI struggles to reclaim its short-term support zones.
What’s Happening With Pi Network’s Price?
The recent Pi Network price action paints a cautious technical outlook. On the daily chart, price continues to trade beneath the key $0.6600–$0.6850 zone, where repeated breakdowns have confirmed strong overhead resistance. A bearish descending triangle pattern has formed, stretching from mid-May, with the lower support line holding around $0.6200. This region is now a critical level for bulls to defend.
The broader trend remains negative, as price trades below the 20/50/100/200 EMA cluster. Each of these moving averages—especially the 50 EMA near $0.686—is acting as a dynamic ceiling, reinforcing bearish structure. Until PI closes above $0.700…
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