Pi Network's PI Token Faces Critical Support Test Amid Market Divergence

The native token of the Pi Network, PI, is showing signs of strain as it approaches a critical technical juncture. In a notable divergence from the broader cryptocurrency market, PI has failed to participate in the early December recovery that saw Bitcoin surge past $94,000 and Ethereum exceed $3,200. Instead, PI has declined by 12% over the past week, currently trading just above $0.22.

Technical analysis reveals a weakening structure. The token has slipped below its 50-day moving average, which now acts as resistance, and the Relative Strength Index (RSI) has broken down from its own ascending support line. This bearish momentum is compounded by declining trading volumes. PI is now testing a crucial ascending trendline that has provided support since early October, in the $0.223–$0.225 range. A sustained break below this level, particularly a daily close under $0.22, could trigger a rapid decline toward the $0.20 support and potentially retest the October all-time low of $0.172.

An analysis from OpenAI's ChatGPT provided a cautious outlook. It categorized the token's short-term trend as bearish, noting the drop from $0.28 to approximately $0.225. The AI platform suggested that a breakout above the $0.24-$0.25 resistance is the least likely scenario without a major project update. The most probable outcome for the coming week, assuming stable market conditions, is sideways trading between $0.22 and $0.24. ChatGPT concluded, "PI's weekly decline does not necessarily signal a trend reversal. The token remains structurally stable above $0.21, but momentum has shifted in favor of caution."

The mid-range zone of $0.25 to $0.27 has proven to be a strong supply area, rejecting price advances three times over the past two months. For bulls to regain control, PI must hold the $0.21-$0.22 support to keep the broader recovery structure from October intact, which could then set the stage for a rebound toward $0.25 and $0.27.