The PI Network (PI) has declined 14% over the past 30 days, with market capitalization below $5 billion, and token trading is under $1 since May 14th.
Technical indicators continue to show bearish momentum as PI struggles to break through key resistance levels. One-sided Cloud, Bbtrend, and EMA lines all show ongoing debilitating and lack of bullish confirmation. Unless momentum changes immediately, PIs can face even more downsides before meaningful recovery takes shape.
PI networks face heavy resistance
One-sided clouds indicate that PI networks (PIs) are exposed to strong bear pressure. Prices continue to trade under the Red Cloud, indicating that downward momentum remains dominant.
The main span A (green line) reinforces the bearish structure of the preceding cloud and falls below the leading span B (red line).
The cloud is wide and decreasing, suggesting that a potential reversal could soon be faced with significant resistance.
The Tenkan-Sen (blue line) is flat and hovering near Kijun-Sen (Red Line), indicating short-term momentum and indecisiveness in the market.
Furthermore, priced candles are compressed within a narrow range, indicating clear breakout-free integration.
The trend remains negative until prices move decisively above the clouds and the lines become bullish.
pi bbtrend is stable, but bearish persists
The PI network has been showing weak momentum for the past two and a half days with a BBTREND indicator of -2.21.
The indicator has remained in the negative territory for the past 14 days, with a sharp bearish peak of -18.7 recorded a week ago.
Recent stabilizations suggest that the subtrends may be losing strength, but the PI still shows no signs of a meaningful bullish reversal.
Bbtrend (Bollinger Band Trend) measures the strength and direction of price movements against Bollinger bands.
A positive value suggests bullish momentum as the price pushes through the upper band, while a negative value indicates a tolerance state that remains close to the lower band.
-The current Bbtrend on the Pi at 2.21 is not as extreme as before, but there is no upward pressure yet. Indicators need to shift emotions down and across positive realms.
PI breakouts can trigger 37% of meetings
PI prices are in bearish technical setups, with their EMA lines showing short-term averages below the long-term average.
This alignment confirms the continuation of the downtrend unless momentum shifts meaningfully.
When bear pressure builds up, PIs may retest key support levels, and failures are marked only when the asset falls below the key historical threshold.
However, once pressure is increased, the PI can test the resistance in the next important EMA zone:
A successful breakout that exceeded that level, backed by strong momentum, was able to open the door for a wider recovery.
In bullish scenarios, PIs can rise towards higher resistance targets, offering potential upsides of 35% or more.
Disclaimer
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