The Pi Token (PI) is facing challenges in recovering its price, with the $0.47 level now acting as resistance, indicating strong selling pressure and a bearish sentiment among investors. Technical analysis, including the Ichimoku Cloud, shows PI trading well below key resistance levels, suggesting sellers are in control. The Smart Money Index (SMI) also reflects declining investor confidence and increased selling activity from experienced traders since June 25. If the selling pressure continues, PI could fall to its all-time low of $0.40. However, increased demand could potentially push its price above $0.47 to $0.50. Reference:

BeInCrypto. (2025, July 7). Pi Token Price Faces Uphill Battle. BeInCrypto. https://beincrypto.com/pi-token-price-faces-uphill-battle/ #Pi #PiNetworkMainnet #SMI #MarketSentimentToday