Prices of Pi Network are currently in a minor consolidation, with potential changes expected soon.
Market Status and Price Range
Currently, the price of Pi Network is around $0.535, remaining in a narrow range. Over the past week, selling pressure has led to a reduced volatility state. The price has fluctuated between $0.523 and $0.544 in the 4-hour timeframe. Important exponential moving averages (EMAs) within the range of $0.538 and $0.596 indicate medium-term bearishness.
Short-Term Bearish Signals
On shorter timeframes, confirming bearish signals are observed. The 30-minute chart shows Pi trading below the VWAP line at $0.539, suggesting sellers are dominating the intraday sentiment. Indicators such as the Parabolic SAR and Ichimoku Cloud support the bearish stance, as the price failed to break into the cloud twice this week.
What to Expect in the Coming Days
Unless bulls can drive the price above $0.544, further trading within the current range is possible or a move towards lower support levels may occur. A break below $0.523 could lead to a decline towards $0.505 and even $0.480, where previous demand was observed.
Current market analysis indicates that Pi Network is in a bearish mode. Major price changes are anticipated in the next 24-48 hours, with further declines remaining a possibility.
