Altcoins News
By James Thorp
1 / 13
April Bounce Offers Temporary Relief. The daily chart of PI/USDT reflects a textbook downtrend.
2 / 13
Key Resistance Holds, Bears Regain Control. Shifting to the 4-hour chart, the picture becomes more detailed.
3 / 13
Can PI Stabilize, or Will Bears Push Lower?. While some traders may be watching for signs of a bullish divergence—especially if the price…
4 / 13
Pi Network (PI) continues to struggle with bearish sentiment, even after a brief price bounce earlier in April.
5 / 13
After weeks of steady decline, PI attempted to recover in early April, but analysts remain cautious.
6 / 13
The daily chart of PI/USDT reflects a textbook downtrend. Clear lower highs and lower lows have formed, confirming the bearish structure. The most recent lower high sits at $0.
7 / 13
Despite the downtrend, April has brought a slight shift in momentum. The Money Flow Index (MFI), which had remained deeply oversold throughout March, has climbed steadily and is…
8 / 13
One major concern is the Accumulation/Distribution (A/D) line, which continues its downward path.
9 / 13
Shifting to the 4-hour chart, the picture becomes more detailed. A sharp bounce occurred on April 5, from which analysts plotted Fibonacci retracement levels to track potential…
10 / 13
The market structure broke again on the downside when sellers pushed the price below $0.71, which had previously acted as support.
11 / 13
Adding to the bearish case, the MFI on the 4-hour timeframe currently stands at 23, which is close to the oversold threshold.
12 / 13
While some traders may be watching for signs of a bullish divergence—especially if the price retests support and the MFI begins to climb—the current trend remains firmly bearish.
13 / 13
In summary, Pi Network’s brief rally in April has done little to shake off the underlying bearish structure.
The Currency Analytics
Want the full story?