March 29, 2025
Bears Take Control
After a sharp drop of over 61% in the past month, PI remains stuck in a bearish trend, even after integrating with Telegram’s Crypto Wallet. Investor interest is fading, and Pi’s price has shown no signs of turning around.
Source: CoinGecko
Pi’s Bollinger Band Trend (BBTrend) has also been negative for 12 days, signaling that sellers remain in control. The market is cautious, and without major buyer interest, Pi’s decline could continue.
Weak Buyer Interest
Pi’s Relative Strength Index (RSI) has improved slightly, rising from 23.8 to 40.45, but it remains below the neutral 50 mark, suggesting a lack of buying confidence. For a reversal, the RSI would need to climb above 50, which hasn’t happened yet.
Pi Network is currently testing the $0.718 support level, with $0.62 as the next major support. On the upside, $1.05 is the first resistance to break, with potential gains pushing Pi toward $1.23 or $1.79.
