Weekly Price Forecasts for Pi Network (PI)

Pi Network appears to have stabilized following a significant downward trend – could a price rebound be on the horizon?

Weekly PI Price Insights

Key Support Level: $0.67

Key Resistance Levels: $0.88, $1

1. Price Recovery in Progress

Following a 65% decline from its peak of $1.7, PI has found its footing at approximately $0.67, attracting buyers once more. This resurgence has lifted the asset to around $0.8, potentially gearing up to challenge the resistance level at $0.88 before sellers re-enter the market.

2. Positive Momentum Resurging

Recently, PI has seen an uptick in buying interest, resulting in a price increase of over 20% since its recent low. This trend is promising, but bulls must overcome the crucial resistance at $0.88 to maintain the upward momentum. If they succeed, PI may have a chance to reach $1 once again.

3. Volume Decline, but Signs of Recovery

In early May, there was a significant surge in buying volume that propelled PI to $1.7. However, a subsequent drop in volume led to a decline below $1. In recent days, buyers have re-emerged, contributing to a rise in volume, but a sustained recovery will depend on continued buyer engagement.