Pi Network Token Faces Indecision Despite Positive Moves
Pi Network’s price is stuck, ignoring significant catalysts. On Sunday, September 7, Pi Coin (PI) was valued at $0.3440, and this level hasn’t changed much as August.
Recent developments haven’t sparked interest.The Valour Pi ETP, launched two weeks ago, has attracted minimal investment—just $1,967.this disappointing performance contrasts sharply with pi’s overall $2.7 billion market cap and Valour’s $900 million under management.
Why Pi Isn’t Moving?
Pi has missed opportunities. The network unveiled an ecosystem fund worth $100 million in May, but prices fell.The Pi AI Studio, enabling AI app development, and a recent upgrade to Stellar Protocol 23 have also failed to excite traders.
The price stagnation stems from ongoing token unlocks and the absence of major exchange listings post-mainnet launch in February.
Technical Outlook
The eight-hour Pi Network chart signals a possible bearish breakout. prices have dipped below the 50-week exponential moving average. A bearish flag pattern is forming, with prices remaining below the Ichimoku cloud indicator.The Relative Strength Index has also dipped below the neutral 50-line.
A confirmed bearish move would occur if the price drops below $0.3327, a key support level forming a double-bottom pattern.
