Pi Network’s Native Token Price Analysis

Pi Network’s native token tried to break away from the $0.52 resistance, but has been rejected so far. What comes next?

PI Coin Price Predictions to Watch This Week

Key Support Levels: $0.40, $0.44
Key Resistance Level: $0.52

1. Downtrend Remains Intact

PI made a significant attempt at breaking the $0.52 resistance yesterday but was sharply rejected. Sellers returned in force, driving the price of this cryptocurrency to $0.46. Consequently, PI made a lower high, indicating that the downtrend may not be over.

2. Buyers Are Returning

A positive signal from the current price action is the increasing interest from buyers, which has spiked the volume. This is the second time the bulls attempted to break above $0.52 in July. A third attempt may be successful if they maintain this pressure after the pullback. If not, PI has solid support at $0.44 and $0.40.

3. Daily RSI Rejected at 50

The daily RSI has been rejected three times since May as soon as it climbed above 50 points or the mid-section. This last attempt was no different. As long as the RSI remains under 50, the bias stays bearish. Buyers will need to turn $0.52 into a key support level to achieve success.