Pi Network Price Analysis (PI): Tension Accumulation Phase, Investors Are "Holding Their Breath" Waiting for a Breakthrough

Since April 9, the Pi token (PI) has been trading in a tight Accumulation range, with strong resistance at the 0.66 USD mark and solid support around 0.57 USD. Throughout this period, the market has clearly shown a tug-of-war between the buyers and sellers with neither side gaining a clear advantage. Unsuccessful Efforts and Waiting Mentality On April 12, PI made an attempt to break through the resistance zone at $0.66 but was unsuccessful. After returning to test this zone, the upward momentum quickly stalled. The current price action indicates hesitation and indecision from investors. Technical Indicator Reflecting Lack of Momentum On the daily chart, the main technical indicators also reinforce the assertion that the market is hesitant: The Relative Strength Index (RSI) is currently at 40.49 and has maintained a sideways trend since the beginning of May. The flat RSI indicates that buying and selling pressures are quite balanced, with neither side strong enough to dictate the trend. The Average True Range indicator (ATR), which measures price volatility, is also gradually declining. Currently, the ATR is at 0.051, reflecting low volatility and weakening market momentum. These technical signals indicate that most investors are standing outside the market, waiting for a clearer signal to determine the next direction. What Scenario for PI in the Coming Time? At the time of writing, PI is trading around 0.58 USD, just above the key support zone of 0.57 USD — an area that has repeatedly "held" the sellers during the accumulation period. If selling pressure increases sharply and the price breaks below the support at 0.57 USD, it is likely that PI will plummet to the all-time low of 0.40 USD. Conversely, if the buyers return and push the price above the resistance level of 0.66 USD, the next bullish target will be 1.01 USD, marking strong growth in the short term. Conclusion Currently, the PI token is in a "stagnation" phase as the market lacks clear momentum and investors continue to wait for a breakout signal. Breaking through one of the two important milestones — 0.57 USD or 0.66 USD — will play a key role in shaping the upcoming trend of this cryptocurrency.