Crypto: fall then rebound… does Network Pi play its last cards?

While Bitcoin marks suit, some altcoins vacillate. This is the case of Pi Network, including the Token Pi, still officially not listed, has just brushed a new lower at 0.40 dollars. This brutal dropout, followed by a slight rebound, feeds a revival of tension around a project as followed as disputed. Between intense speculation, contradictory technical indicators and imminent deadlines, the crypto is now evolving in a pivotal area that could seal its future in the short term.

A technical rebound online in sight?

While Pi Network is confronted with major bugs and an angry community, the price of the crypto has dropped up to $ 0.40 on June 13, its lowest level since April, before partially resumes to establish itself around $ 0.53 according to Cooring data.

This brutal dropout intervened in a tense geopolitical climate, marked in particular by tensions in the Middle East, which slowed down the entire Crypto market. However, some indicators suggest a possible reversal of trend.

The RSI (Relative Strength Index) of the Token Pi is currently close to 32, according to TradingView datawhich places it on the border of the occurrence zone. In technical analysis, a close RSI or below 30 suggests that the asset is potentially undervalued and could experience a rebound.

Other technical signals support this short -term bullio scenario:

• The Squeeze Momentum Indicator displays “Black Dots”, a sign of a consolidation phase often pioneer in more marked price movements;
• Momentum's histogram presents a succession of green bars, indicating a gradual recovery of buying pressure;
• The resistance threshold at $ 0.57 is a critical barrier, with potential upward targets at $ 0.61 or even $ 0.71.

In short, if the technical analysis of on-chain data seems to offer a light of optimism, this rebound potential remains dependent on an unstable environment, likely to have the most promising configurations vacillating.

Always so fragile fundamentals

While some technical indicators suggest a possible reversal, fundamental signals point to a more worrying situation. In recent weeks, data in particular draws the attention of analysts: the significant increase in the volume of tokens transferred to centralized exchange platforms.

More than 346 million tokens are now detained on exchanges, around 82 million more than a month ago. This trend, often interpreted as an upcoming sales signal, weakens the prospects for rebound.

Even Moon Jeff, a crypto, an optimistic crypto investor, stressed this potential pressure.

To this dynamic is added another weight factor: the gradual arrival of 337 million additional tokens on the market in the next 30 days, according to Piscan data. An injection equivalent to almost $ 185 million at the current price, in an already tense market, represents a significant risk of selling overpressure.

This fragility is all the more marked since Pi Network is still not listed on major platforms such as Binance or Coinbase, which limits its liquidity and access to institutional investors.

Faced with this dynamic, the PI Network perspectives remain uncertain. The community meeting of June 28, the PI2day, could play a crucial role in the evolution of the feeling around the project. If it gives rise to concrete and credible announcements, it could relaunch interest and mark the beginning of a solid recovery. Conversely, blurred or disappointing communication would risk amplifying sales and driving the token under its lowest levels.