PI Price Analysis Today: Descending Triangle Holds, Is this Downtrend?

Pi Network (PI) has experienced significant volatility over recent weeks, including a new all-time low price. Despite a slight recovery, its technical setup suggests that the downtrend might persist.

In this Pi price analysis, we will dive deep into Pi Network’s current price action, assess resistance and support levels, and look at momentum indicators to gauge what could be next for the PI token.

With a descending triangle pattern forming and a lack of bullish momentum, many are wondering if the downtrend is here to stay or if there’s still hope for a rebound.

READ ALSO: Pi Network (PI) Price Prediction for 2025-2030

Pi Network Price Analysis: Current Technical Setup

The PI price today has shown some signs of life, bouncing back from a recent all-time low. However, a closer examination of the chart reveals a descending triangle pattern on the 4-hour chart, which traditionally signals a continuation of the downtrend if the price fails to break the upper resistance line.

This technical pattern has seen Pi Network struggle to clear the $0.40 resistance, with $0.45 being another key level of resistance that could prove difficult to breach.

The Awesome Oscillator (AO), an indicator that measures momentum, remains in negative territory, confirming the ongoing bearish momentum. Additionally, the Supertrend indicator shows a red line below the price, indicating that the price action is still being dictated by downward pressure.

These indicators suggest that, despite the rebound in price, Pi Network's price prediction for 2025 may continue to face challenges in gaining upward momentum unless there is a surge in buying activity.

Pi Network Resistance and Support Levels

Resistance

$0.40 and $0.45 remain the key resistance levels for Pi Network. The $0.40 resistance has proven difficult for the price to break through. Even if the price manages to surpass this level, the $0.45 barrier could prove just as challenging.

These resistance levels are where selling pressure has been significant in recent weeks, and unless we see an influx of buying volume, the price may struggle to break higher.

Support

On the downside, $0.32 is a critical support level for Pi Network. This level represents the recent all-time low and marks the potential target if the bearish trend continues. If Pi Network falls below this support, it could open the door for further downward movement, potentially leading to new lows.

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Pi Token Momentum Indicators: What the Charts Tell Us

Looking at the Pi technical analysis using momentum indicators, we see that capital outflows continue to outpace inflows. This is confirmed by the Chaikin Money Flow (CMF), which is currently below the zero line, signaling that the bears are in control.

Additionally, the MACD shows a weak reading, indicating that bulls are staying on the sidelines with little enthusiasm to push the price higher.

Despite these indicators, Pi’s price has shown brief moments of recovery. However, unless the momentum shifts from bearish to bullish, it is unlikely that Pi will make a sustained rally anytime soon.

Pi Network Price Prediction for 2025: Will the Downtrend Reverse?

Looking ahead to Pi Network’s price prediction for 2025, the outlook remains uncertain. The network is preparing for significant protocol upgrades, which include Testnet and Mainnet upgrades, but these upgrades could also result in temporary service outages that may put additional pressure on Pi’s price.

Given the current weak momentum and the negative market sentiment, the Pi Network price forecast seems bleak in the short term.

If Pi Network manages to break above key resistance levels and sees an increase in demand, we might see a potential recovery toward $1.97. However, unless momentum indicators turn bullish, it’s more likely that Pi will remain trapped within its current downtrend.

Conclusion

Pi price analysis today shows that the descending triangle pattern is still intact, suggesting that the downtrend is far from over. Resistance at $0.40 and $0.45 remains tough to overcome, and with momentum indicators showing bearish signals, it’s unclear when or if the token will make a sustained recovery.

As the Pi Network prepares for upcoming upgrades, risks remain high, especially with potential outages and uncertainty surrounding the network’s Mainnet launch.

If you're interested in exploring Pi Network or looking to trade PI tokens, visit Bitrue Exchange for the latest trading opportunities. For the latest crypto news, check out Bitrue Blogs.

FAQ

What is the current trend of Pi Network’s price?

Pi Network’s price has been on a downtrend, recently hitting a new all-time low. While there’s been a small bounce, the market remains bearish, with resistance at $0.40 and $0.45.

What is the next key support level for Pi Network?

The next key support level for Pi Network is $0.32, which marks the recent all-time low and could serve as a floor for the price if the bearish trend continues.

How does the descending triangle pattern affect Pi Network?

A descending triangle pattern typically indicates a continuation of the downtrend. If Pi Network fails to break key resistance levels, it could lead to further declines.

What is Pi Network’s price forecast for 2025?

In the short term, the price forecast for Pi Network is bearish. The network's upcoming protocol upgrades and possible service outages could further suppress buying pressure.

How can I trade Pi tokens?

You can trade Pi tokens on Bitrue Exchange, where you can access various trading pairs and take advantage of market movements.