Pi Network (PI) is facing a downward trend despite being integrated with Telegram.

Pi Network (PI) continues to face strong selling pressure, as evidenced by the BBTrend indicator remaining in the negative zone, currently at -22.34.

It is noteworthy that although Pi Network recently integrated with Telegram Crypto Wallet—a piece of news that could be seen as positive—this is still not enough to create a sustainable upward trend.

BBTrend recently hit a low of -41 on March 21 and has maintained a red tone since March 16, marking 12 consecutive days of market pressure downward. This prolonged weakness clearly reflects that buying power is still not strong enough to regain control.

Source: TradingViewBBTrend (Bollinger Band Trend) is a momentum indicator that helps assess the strength and direction of market trends. When BBTrend has a positive value, it indicates bullish momentum; conversely, a negative value indicates that selling pressure is dominating. The further away from zero, the stronger the trend.

With the current level of -22.34, PI is still affected by the downtrend, although the decline has shown signs of slowing compared to the previous low. If BBTrend does not return to the positive zone soon, the price of PI is likely to continue facing pressure, as investors remain cautious despite the recent integration news.

The RSI of Pi Network is recovering but the upward momentum remains weak

Pi Network is showing initial signs of recovery as the RSI Index rises to 40.45 after hitting a low of 23.8 just two days ago.

Although this increase indicates that selling pressure has somewhat diminished, the RSI still has not been able to surpass the neutral level of 50 over the past two weeks—a sign that buyers have not truly returned strongly.

Despite a slight recovery, the market still lacks sufficient momentum to establish a clear upward trend. The current slow increase may pave the way for a breakout or may simply be a phase of accumulation before continuing to adjust.

Source: TradingViewRSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. The index ranges from 0 to 100, where a level above 70 indicates that an asset is overbought, while a level below 30 signals that it is oversold.

With the current level of 40.45, the RSI of PI is in a neutral zone but still leans towards a downtrend—not oversold anymore, but not strong enough to assert the return of the buyers.

To confirm a trend reversal, the RSI index needs to surpass the 50 threshold, which has not happened in the past two weeks. Therefore, the current recovery may just be an attempt to form a bottom rather than a clear reversal.

Will the PI continue to adjust?

The PI price is still fluctuating in a clear downward trend, confirmed by the short-term (EMA) moving averages remaining below the long-term EMA.

This structure shows that selling pressure is still dominating the market, and if the downtrend continues, PI may retest important support levels at $0.718, even risking a deeper drop to $0.62 if this level is not maintained.

PI price analysis | Source: TradingViewHowever, the slight recovery signal from the RSI indicates that a short-term bounce may be forming, providing an opportunity for a bullish correction.

If buying pressure increases, PI may test the resistance level of $1.05 in the short term. A successful breakout above this threshold could change market sentiment, paving the way for a stronger recovery with the next key price points being $1.23 and even $1.79 if the upward trend is reinforced.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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Mr. Teacher

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