Pi Network (PI) has experienced a slight increase of 5% over the past week, despite a decline of more than 17% in the previous month. This modest recovery has provided some relief but has not yet resulted in a definitive bullish reversal.

Currently, the price of PI is consolidating between significant levels, with technical indicators such as the Ichimoku Cloud, RSI, and EMA lines all suggesting uncertainty. Whether this consolidation results in a breakout or further decline may depend on how PI responds to resistance at $0.68 and support at $0.617 in the upcoming sessions.

Pi Network is trading within the red Ichimoku Cloud, which indicates indecision and an absence of a strong directional bias. The price is positioned between the red baseline (Kijun-sen) and just above the blue conversion line (Tenkan-sen), showing weak short-term momentum but no clear breakdown. The presence of the red cloud signifies that the prevailing trend remains slightly bearish, and price activity within the cloud typically signals consolidation or neutrality.

Looking ahead, the cloud is expected to turn green, suggesting that sentiment might be beginning to change. A green cloud in the future points to a possible bullish transition, but only if the price can break above the cloud with strong follow-through. A decisive move above the cloud would support a trend reversal, whereas a rejection and a move below the Tenkan-sen and Kijun-sen would intensify bearish pressure.

The Relative Strength Index (RSI) for Pi Network is currently at 51.41, down from a peak of 70 just two days prior. This decrease reflects a noticeable reduction in momentum, as the asset moved from nearly overbought territory to more neutral levels. The RSI evaluates the speed and magnitude of recent price changes to determine overbought or oversold conditions. Values above 70 are generally regarded as overbought, while those below 30 are considered oversold. An RSI of 51.41 places PI squarely in the middle of the range, indicating that neither buyers nor sellers currently hold a clear advantage. This neutral reading often aligns with a consolidation phase, where the price stabilizes before choosing its next direction. If the RSI trends upward again, it could indicate renewed bullish momentum. Conversely, a continued decline toward 40 or below might signal increasing weakness and open the door for a deeper pullback.

Over the past few days, Pi Network's price has been consolidating, currently trading within a range defined by resistance at $0.68 and support at $0.61. This sideways movement is mirrored in the EMA lines, which are tightly clustered—a classic indicator of low volatility and a lack of strong directional momentum. The market appears to be waiting for a decisive push from either buyers or sellers before committing to a new trend. Until then, PI remains in a holding pattern, with price activity confined between key levels.

Should bullish momentum return, a breakout above $0.68 could signal the initiation of a fresh rally. In that scenario, the next resistance levels to monitor are $0.789 and $0.85. If the uptrend strengthens further, PI might aim for $1.04—its first move above $1 since March 23. However, a breakdown below the $0.617 support could lead to renewed bearish pressure, with $0.59 and $0.54 as the next potential downside targets.

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