The price of the digital currency Pi Network (PI) surged in the past 24 hours following the release of the project’s migration roadmap but is now facing a 1.5% correction. While some indicators show signs of improvement, the upward trend is not definitively confirmed yet. Moreover, lack of transparency in the roadmap has led to user dissatisfaction and added more psychological pressure for the next move of Pi. Currently, the PI token price is below the Ichimoku cloud, indicating buyers have not been able to overcome resistances. The thin tankan-sen line is still below the kijun-sen, showing that the short-term uptrend has not yet crossed the medium-term trend. As long as there is no bullish intersection and the price does not cross the cloud, the market structure will remain cautious. The Relative Strength Index (RSI) of Pi is currently at 53.77, improved from two days ago (32.34) but slightly lower than yesterday’s peak (57.25), indicating weakness in the upward momentum. This RSI level shows a neutral to bullish stance and still has some distance to the overbought zone. If the price crosses the $0.66 resistance, next targets could be $0.789 and $0.858. A clear breakthrough of these levels could push the price up to $1.23 or $1.79. However, in case of breaking the $0.54 support, there is a possibility of price decline to $0.40. Overall, the price of Pi is currently in a sensitive zone, and its further path depends on breaking or not breaking the upcoming resistances.
