Is Pi Network About to Make a Breakthrough or Continue to "Hibernate"?

PI is currently trading at $0.728 with a weakening upward momentum, while the Ichimoku cloud pattern indicates that the downtrend is still prevailing and creating strong resistance above. After reaching a peak of $8.71 at the beginning of the week, the BBTrend indicator has sharply fallen to -1.85, reflecting increased selling pressure and a marked weakening of bullish momentum. PI is at the key threshold. In the past three days, the price of PI has continuously fluctuated below the threshold of $0.80 and has remained close to the important support level of $0.728. This is a sensitive price range – if it cannot be maintained, PI risks falling deeply to the area of $0.659 or even $0.572, in the event that buying power does not return in time. The current situation reflects a tug-of-war between buyers and sellers: bulls are trying to regain control, while bears continue to test the support levels below. This hesitation is causing the market to enter a waiting phase, and any breakout could shape the trend for the coming weeks. Ichimoku Cloud: Bearish Signals Still Dominate The Ichimoku chart shows a negative trend: The price is currently under the red cloud zone (Kumo) – a clear sign of a downtrend. The Tenkan-sen and Kijun-sen indicator lines do not show a clear breakout, but are instead horizontal – which indicates that the market lacks direction and is still hesitant. The red clouds ahead are dense, signaling a major resistance waiting for any bullish attempt from the buyers. As long as PI has not been able to rise above the Ichimoku clouds and consolidate above the support indicators, the bears will still be in control of the game. BBTrend Negative: The Uptrend is "Deflating" After giving positive signals from May 22 to 26, BBTrend has now reversed to -1.85, reflecting increasing downward pressure and the possibility of the market entering an accumulation or adjustment phase. The current price of $0.728 is acting as a "temporary floor". If this support level is broken, PI could quickly slide down to $0.659, or even $0.572 if there is no new capital entering. Upcoming Script – Wait for Breakout Signal If PI can regain momentum and attract buying power again, the first resistance level to watch is $0.869 – a crucial zone that could confirm the potential reversal of the short-term trend. Conversely, if selling pressure continues to dominate, the market is likely to remain sideways or correct deeper, and investors need to be cautious to manage risks. 📉 Conclusion Pi Network is at a critical crossroads: either break through the resistance area to open up a new upward trend, or lose support and fall into a prolonged correction phase. With the BBTrend indicator turning to a sound and the Ichimoku cloud still "covering" above, the short-term trend still leans towards a 下行 trend, unless there is a strong push from investors.