Pi’s price looks weak with bearish RSI and key support near $0.61 at risk.

Pi Network (PI) has been experiencing a consistent decline in price due to weakening investor sentiment. The overall market's bullish momentum is diminishing, leading to a lack of confidence among investors. This has resulted in the struggle for Pi Network to regain positive momentum and poses a risk of dropping below $0.60. The Relative Strength Index (RSI) for Pi Network has been in the bearish zone since May, indicating a strengthening negative momentum. The persistent bearish trend suggests a lack of buying pressure, further reinforcing the downtrend. Fluctuating investor sentiment is also impacting Pi Network's macro momentum, with oscillating confidence levels potentially leading to increased selling pressure. Currently trading at $0.63, Pi Network faces the challenge of holding above $0.61 to avoid further decline. A successful rebound could signal a shift in momentum towards higher price levels. Read more AI-generated news on: https://app.chaingpt.org/news