Pi Network Market skepticism grows despite brief price bounce

Currently, Pi Network’s price is at 0.56 USD, facing resistance at 0.70 USD. The recent formation of an all-time low at 0.40 USD contributes to investor skepticism about recovery.

The Relative Strength Index remains in the bearish zone for over three weeks, indicating ongoing pressure. With no significant catalysts, many investors are cautious, potentially leading to further declines.