Pi Network Enters Deep Slumber, Coils at All-Time Lows
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PI/USD Price Analysis – Pi Enters a Period of Extreme Low Volatility and Indecision
The Pi Network price is currently defined by an extended period of extreme consolidation and market apathy. Following a prolonged and significant downtrend, the asset has settled into a very tight trading range just above its all-time lows. This price action, combined with flat readings from key technical indicators, points to a market in a state of perfect equilibrium, awaiting a fundamental or technical catalyst to trigger its next directional move.
Pi Network Key Levels
Support Levels: $0.4090
Resistance Levels: $0.7110, $1.6620
The daily chart for PI/USD tells a story of a market that has gone dormant after a volatile past. Following a major decline through March and April, and another failed rally in May, the price found a floor at the $0.4090 support level in mid-June. Since then, all significant bearish momentum has ceased, and the price has entered a prolonged sideways channel, creating a potential basing or accumulation pattern.
Pi is trading at $0.4500, the price is coiled in a narrow range. This lack of volatility suggests that both buyers and sellers are in a state of indecision. The market is waiting for a clear signal. A breakdown below the critical $0.4099 support would be extremely bearish, while a sustained move above the $0.7116 resistance would be the first major sign of a potential long-term recovery.
Although the Parabolic SAR dots are technically above the price, they are moving sideways and are very close to the candles, indicating the prior downtrend has completely lost its momentum. The Percentage Price Oscillator (PPO) is the clearest sign of neutrality; its lines are flat and intertwined directly on the zero line, signaling a total absence of directional momentum.
Market Expectation
The 4-hour chart provides a magnified view of the extreme consolidation, with PI/USD trading at $0.4507. This timeframe shows the price oscillating within an exceptionally narrow horizontal channel for weeks. The price action is completely flat, with small, indecisive candles that reflect the lack of interest from both bulls and bears.
There is no discernible control on this timeframe. The market is in a clear state of chop, where any minor price deviations are quickly brought back to the center of the range. This is a classic example of a directionless market that is unfavorable for trend-following strategies.
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