Pi Network (PI) Price Prediction: Is A Recovery Coming?

Pi Network has experienced a significant decline, with the price pulling away from its all-time high (ATH) of $3.00.

The price of Pi Network (PI) has pulled back significantly from its all-time high (ATH) of $3.00. As the broader crypto market continues to struggle, investor sentiment will be key to allowing PI to resist further lows.

Now trading at $1.60, the altcoin is showing signs of a potential bottom, setting the stage for a possible recovery rally.

If the MACD indicator shows the MACD line cross above the signal line, it could indicate that bullish momentum is increasing. A change in the histogram bars from red to green would also suggest that the trend may be shifting.

Crucially, investor support will be key to sustaining this momentum. If buying pressure rises, it could help to solidify Pi Network’s uptrend, reducing the risk of further downside.

However, the RSI is still below the neutral 50.0, which suggests that bearish sentiment still lingers. Until the RSI shows signs of entering bullish territory, Pi Network’s price movements may be slow and uncertain.

The broader market environment is still a factor for altcoins like PI. A strong push from investors could accelerate momentum, but the macro outlook is still a concern. If the RSI remains low despite good buying volume, it may suggest that PI’s recovery will be slow and gradual rather than fast and strong.

Pi Coin is now trying to bounce from the $1.59 level and set up support. A move higher toward the $2.00 resistance is needed to continue the bullish case.

Breaking and closing above the $2.00 mark will be crucial for putting pressure on the sellers to release their coins.

If PI manages to establish support above the $2.00 level, it could signal that investors are returning to accumulate the altcoin again.

With the MACD heating up and showing a potential bullish crossover, and buying momentum returning, securing the $2.00 zone as support could create the potential for a move toward its ATH of $3.00.

A strong breakout from the $2.00-$2.10 overhead resistance could lead to price discovery, allowing PI to set a new all-time high. However, this will depend on the broader market remaining stable and allowing altcoins to trade higher again.

On the downside, if sellers return and technical indicators show a loss of momentum, Pi Coin could drop from the $1.59 support.

A move below this level could create a breakdown and send PI toward $1.43 or even $1.19, which would invalidate the bullish thesis and suggest that a more prolonged correction is needed.