Pi Network (PI) Price Prediction: Low Trading Volume Leads to Rebound Failure, Downtrend May Fully Take Effect

Pi Network (PI) has never broken through 0.50 USD, and the price is still hovering within a narrow range, lingering below that stubborn descending trend line. After weeks of decline, today (15) in the Asian trading session, the trading price is about 0.46 USD, showing no signs of a strong rebound or momentum shift.

Earlier this month, the stock attempted to rise, but the upward momentum quickly weakened around $0.50. Since then, there has been little change in the trend. The candlestick chart is small, trading volume is sluggish, and technical signals are still flashing red.

The price of Pi has been under pressure for several weeks, and the downward trend remains firm. Since the trend line touched 1.75 USD in May, there has been no significant rise. Due to the lack of buying volume, the rebound momentum of Pi is insufficient.

Pi Coin Price Analysis

According to Captain Altcoin, the price chart of Pi clearly shows this trend: peaks declining, weak rebounds, and a strong upper trend line. It attempted to break through on July 11 but faced a strong counterattack, leaving a long upper shadow. Since then, it has fallen again. Currently, $0.50 is the resistance line for the breakout.

Unless the Pi coin can close above that price level, and preferably with a certain trading volume, it will be difficult to see a real momentum shift. At the same time, while the price level of 0.42-0.44 USD is firm, it is merely a weak support.

(Source: Trading View)

PI Coin Price Prediction

Bullish Scenario:

If the PI coin breaks through 0.52 USD with strong trading volume, it may rise to 0.60 USD next.

Neutral Situation:

As long as the price of Pi remains at 0.44 USD, we may fluctuate between 0.44 USD and 0.50 USD without taking any clear action.

Bearish Scenario:

If it breaks below $0.42, it may quickly drop to $0.30-$0.32, which is the last major support level in April.

Summary

Currently, the price of Pi appears to be stagnant. Its trading price is slightly below the moving average, trading volume is light, and there is no upward momentum.

The level of 0.50 USD still seems to be a ceiling, and unless the situation changes, the downward trend will remain in full effect. Pay attention to 0.42 USD; if it falls below this level, the next round of decline may be just around the corner.