Pi Network Prepares For Reversal, Price Recovery From $1.6 Ahead

Pi Network has experienced a significant decline, with the price pulling away from its all-time high (ATH) of $3.00. Despite the broader market downturn, investor sentiment remains optimistic, allowing PI to resist extreme losses. 

Now trading near $1.60, the altcoin is positioning for a potential reversal, aiming to regain lost ground.  

Pi Network Is Aiming For Recovery

The Moving Average Convergence Divergence (MACD) indicator suggests a potential bullish crossover for Pi Coin. If the MACD line crosses above the signal line, it would indicate growing bullish momentum. A shift in the histogram bars from red to green would further confirm the possibility of a trend reversal.  

Investor support plays a key role in sustaining this momentum. If buying pressure increases, Pi Network’s price could solidify its uptrend, mitigating the risk of further downside. 

PI Coin MACD. Source: TradingView

Despite signs of recovery, the Relative Strength Index (RSI) remains below the neutral 50.0 mark, indicating a lingering bearish sentiment. Until RSI crosses into bullish territory, Pi Network price upward movement may remain slow and uncertain. The broader market environment continues to pose challenges for altcoins.  

A strong push from investors could accelerate momentum, but the macro outlook remains cautious. If RSI remains suppressed, PI’s recovery may be gradual rather than immediate.  

PI Coin RSI. Source: TradingView

PI Price Could See Gains

Pi Coin is holding above $1.59, attempting to bounce back toward the $2.00 resistance. Breaking past this level is crucial for reversing recent losses. If PI manages to establish support above $2.00, it could signal renewed investor confidence.  

With support from technical indicators and buying momentum, securing $2.00 as support could open the path toward its ATH of $3.00. A successful breakout may lead to price discovery, allowing PI to set new highs. However, this depends on broader market sentiment remaining stable.  

PI Coin Price Analysis. Source: TradingView

On the downside, if bearish pressure dominates, Pi Coin could lose its $1.59 support. A drop below this level could send PI toward $1.43 or even $1.19, invalidating the bullish thesis. This would indicate a prolonged correction, delaying any potential recovery.