The Crypto Pi Network shows its first real sign of recovery since its launch

In the space of two months, Pi Network lost almost 90 % of its value. The crypto went from $ 2.99 to a floor of $ 0.40. This collapse could have signed the end of the craze, but a recent rebound revives attention. While some see it as a simple start, others evoke the beginnings of a reversal. At a time when the project is preparing to take a key step, the evolution of the course in the coming days could redraw the trajectory of this controversial crypto.

The $ 0.75 wall resists Pi Network

Since its rebound at $ 0.40 on April 5, Pi Network has twice tried to cross the technical barrier of $ 0.75, without success. These aborted attempts, reported by net rejections on technical graphics, confirm the solidity of this horizontal resistance.

Pi Network has still not managed to cross the horizontal resistance area of ​​$ 0.75, despite a start described as the “First Haussier sign since the start of the correction”. This attempt at reversal is still too fragile To win in the face of key technical thresholds.

The analysis of technical indicators reinforces this cautious reading. Several signals converge on the maintenance of a lower bias:

• The RSI (relative Strength Index) remains below the threshold of 50, which reflects a persistent domination of sellers on the market;
• The MacD (Moving Average Convergence Divergence) remains in negative territory, without significant bullish crossing;
• The break in a symmetrical triangle, followed by a revalidation of this structure as resistance ($ 0.75 zone), confirms the analysis according to which the corrective movement is far from finished;
• Finally, the count of Elliott's waves could lead to a fifth downward wave in training, with a potential for falling around $ 0.30, based on the Fibonacci retracement (1.27).

These elements, although purely technical, throw a shadow on the hypothesis of a lasting reversal. As it stands, the market structure remains unfavorable to an immediate recovery.

A bullish shudder carrier of hopes?

Despite this technical impasse, some recent signals provide information on a possibility of reversal. The PI class is currently trying to form a hollow higher than the previous one, a configuration which, if it was confirmed, would mark the first structural sign of a trend reversal for weeks.

Pi Network could create a higher low, the first since the start of the downward trend. This observation suggests that the market may begin to digest the initial fall to build a recovery base.

Another element of reflection is the wave count of Elliott. He indicates that the crypto would be engaged in a fifth downwall, generally terminal. This scenario provides for a potential withdrawal to $ 0.30, based on the external level of Fibonacci.

However, this is where the whole ambiguity of the moment resides. If the course managed to invalidate this scheme by crossing the resistance line of the symmetrical triangle (which coincides precisely with the $ 0.75), then all of this lower reading would be questioned.

The future of PI Network will largely depend on its behavior in the face of this key area of ​​$ 0.75. Clear and validated crossing could revive the dynamics, attract new entrants and cause a rebound powered by speculation. Conversely, a new failure would confirm the continuation of the downward trend, with more and more dark perspectives. In this technique in-between, investors must demonstrate increased vigilance, as any premature decision could be expensive.