Will Pi Network Ever Quit Its Grumpy Gloom? Find Out! 😊

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Will Pi Network Ever Quit Its Grumpy Gloom? Find Out! 😊

Well, smack my britches and call me a day, folks. Pi Network’s been on a nosedive—down 14% in the last month, with its market cap drooping below $5 billion and the token trading under a dollar since May 14. Looks like it’s got more wrinkles than a dried-up riverbed.

Those fancy technical indicators? They ain’t shouting “happy days ahead.” Nope, they’re whispering “stay away,” with the Ichimoku Cloud, BBTrend, and EMA lines all pointing straight at trouble. Unless some miracle happens, Pi might keep sliding further into the mud before it even thinks about a recovery. 🤷‍♂️

Pi Network – Stuck Behind the Resistance Wall

The Ichimoku Cloud shows Pi still under the spell of Bear Country. The price keeps trading below that big, red cloud, which means the downward trend is still king. The Leading Span A (green line) stays below B (red line), making the cloud look like it’s wearing a frown all day long.

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The Tenkan-sen (blue line) is just lying flat, hanging around the Kijun-sen (red line), which signals market indecision—like a dog deciding whether to chase its tail or take a nap. Meanwhile, candles are packed tight in a narrow band, as if the whole thing’s just dozing and waiting for something to happen.

Until Pi clears the cloud and the lines turn bullish, it’s riding a negative rollercoaster. Sorry folks, no rainbow yet.

Pi’s BBTrend—Still a Debbie Downer but Holding Steady

Pi’s BBTrend indicator? It’s stuck at -2.21, just hanging around like a grumpy old man yelling at no one. For the last fourteen days, it’s been in the negative, with a peak bearish shriek at -18.7 just last week. Looks like Pi’s clingy to its downtrend—won’t let go, bless its heart.

Recent stability? Might be a sign the worst has passed. Or maybe Pi just doesn’t have the energy to go any lower. Either way, no signs of it bouncing back into the sunlight just yet.

Pi BBTrend chart

The BBTrend measures how fired-up the prices are—whether they’re pushing upward or bowing down. Right now, Pi’s negative stance says “go away,” but it’s less negative than before. Still, it’s like trying to start a fire with wet wood; it ain’t gonna happen soon.

If Pi Breaks Free, It Could Rake in a 37% Jump—Yessiree!

Our dear Pi is still in a bearish fix, with its EMAs showing short-term averages below the long ones, much like a horse with a broken leg—won’t get far until that changes.

If the downward pressure keeps up, Pi’s support lines might give way, plunging it below some historic mark—possibly marking the start of a real mess.

Pi Network potential breakout chart

But hold your horses! If some buyers finally wake up, Pi might battle resistance at the next EMA zone. Blow past that, and the road to recovery could be wide open—offering a potential climb of over 35%, enough to make a grown man smile.

So, whether Pi gets its act together or not, is anybody’s guess. But don’t go reaching for the moon just yet—she’s still hiding behind some dark clouds, waiting for her chance to shine.

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2025-06-10 05:43