As of May 19, 2025, Pi Network (PI) is trading at approximately $0.7477, reflecting a modest recovery from recent lows.

🔍 Technical Analysis Overview

Support Levels

Immediate Support: $0.72–$0.70

Secondary Support: $0.66–$0.68

Key Support Levels:

S1: $0.6549

S2: $0.6180

S3: $0.5737

Resistance Levels

Immediate Resistance: $0.78

Breakout Target: $0.85–$0.90

Key Resistance Levels:

R1: $0.7362

R2: $0.7806

R3: $0.8175

📊 Market Indicators

Ichimoku Cloud: PI is trading below the Kumo, indicating a bearish bias.

Chande Momentum Oscillator: Currently at –39.01, suggesting weak bullish momentum.

MACD & RSI (30-min): Both indicators are flat/neutral, pointing to potential consolidation or reversal.

📈 Trend Outlook

Short-Term: PI is consolidating between $0.70 and $0.78. A decisive move above $0.78 could lead to a rally toward $0.85–$0.90.

Medium-Term: The formation of a rounding bottom pattern suggests a potential bullish reversal, with a possible 50% price rally if confirmed.

⚠️ Risk Factors

Recent Volatility: PI experienced a sharp decline of over 40% following the announcement of a $100 million venture fund, leading to investor skepticism.

Market Sentiment: The current sentiment is cautious, with traders awaiting a clear breakout above resistance levels to confirm a bullish trend.

✅ Conclusion

Pi Network (PI) is currently in a consolidation phase, with key support at $0.70 and resistance at $0.78. A breakout above $0.78 could signal a bullish trend toward $0.85–$0.90. However, failure to hold above $0.70 may lead to a retest of lower support levels around $0.66. Traders should monitor volume and momentum indicators for confirmation before entering positions.