Pi Network (PI) Price Stuck in Prolonged Consolidation: Key Levels to Watch

#PiNetwork (PI) is struggling to break free from a prolonged consolidation phase despite a modest weekly gain. At the time of writing, #PI was trading at $0.38, marking a 7% daily decline. Over the last seven days, the cryptocurrency has gained around 7%, but price action remains capped by a descending trendline.

Price Action and Market Data

Current Price: $0.38

24h Range: $0.38 – $0.40

7d Range: $0.34 – $0.46

Market Cap: $2.96 billion

Total Supply: 12.03 billion PI

Circulating Supply: 7.82 billion PI

Locked Supply: 5.23 billion PI

24h Volume: $115.2 million

The 4-hour chart shows a clear consolidation pattern following earlier declines, with momentum indicators suggesting indecision among traders. A descending trendline continues to suppress upward moves.

Technical Outlook: Weak Momentum, Possible Upside Triggers

MACD: Hovering near zero, signaling low momentum.

Stochastic RSI: Near oversold territory, which could indicate short-term buying interest.

The first major bullish signal would come from a decisive break above $0.78, potentially opening the path toward $1.50 and later $5.00. Until then, sideways trading is likely to persist.