The Pi Network token is still struggling to find a strong upward momentum, but there are now early signs that a trendline may be forming. At the time of writing, the Pi price is slightly up by 4% for the day. Although not a massive rally, it suggests that the coin is trying to recover some ground.

Over the past two days, however, the Pi price has dipped. Yesterday it dropped from around $0.82 to close near $0.75, just like we predicted in our neutral scenario yesterday. The lowest intraday price was approximately $0.726. The day before that, the Pi coin slid from about $0.85 to $0.827. These back-to-back losses raise questions about whether today’s small rise is the start of a reversal or just a short-term bounce.

These indicators reading from investing.com help us understand what’s going on beneath the surface of the Pi coin price chart. The RSI being close to 50 suggests there’s currently no dominant trend. The MACD still shows weakness, meaning the short-term trend is slightly negative.

Meanwhile, the Ultimate Oscillator and Stochastic readings show that sellers still have a bit of an edge, but nothing extreme. On the other hand, the Bull/Bear Power turning slightly positive hints that bulls might be preparing for a comeback.

Overall, the table reflects a mixed bag. Pi coin hasn’t broken out into a clear bullish or bearish path just yet, but it’s definitely trying to shake off some of the selling pressure from earlier this week.

Based on the current chart structure and indicator readings, the Pi price could continue to trade between $0.74 and $0.79 for the rest of the day. Unless there’s a sudden shift in sentiment or a major news event, the movement may stay range-bound for the next few hours.

If the general crypto market remains stable, the Pi coin could slowly grind higher and retest the $0.80 level before the end of the day. That would represent a cautious but positive gain as buyers regain some confidence.

If Bitcoin and other major coins start pulling back sharply today, Pi price could fall back toward the $0.72 support level. A break below that could open the door to $0.70 or even lower, especially if selling volume increases.

If the market remains in its current state with no big surprises, Pi may hover between $0.75 and $0.78 through the day. This would mean slow consolidation, likely forming the base for a bigger move in either direction later.

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If broader market sentiment turns suddenly bullish, or if Pi Network posts some major update or positive news, the Pi coin price could push above $0.80 again and possibly aim for $0.83 before the day closes. For that to happen, volume and momentum would need to increase significantly.

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