Pi Network price recovery looks fragile as social interest hits new low

Pi Network (PI) has stabilized above $0.13500 on Tuesday following a modest weekend rebound. The coin maintains its recent 5% rebound from Saturday. However, the recovery remains fragile as buying conviction appears limited following a failed attempt to sustain a trendline breakout. Despite the short-term bounce, broader sentiment and on-chain indicators suggest the move lacks strong follow-through. Social interest continues to decline PI is up by nearly 2% in the last 24 hours and is now trading at $0.136 per coin. The coin is currently underperforming compared to the broader cryptocurrency market. One of the key headwinds for Pi Network remains weakening retail attention. According to Santiment data, PI’s social dominance has been in a steady downtrend since early May, falling to just 0.007% on Tuesday. This decline signals reduced discussion and engagement across social platforms, a factor often linked to weaker speculative inflows in retail-driven tokens. The drop in visibility suggests that retail participation is currently insufficient to support a sustained upside move. PI Network’s technical outlook: Bearish structure still intact Similar to the other leading cryptocurrencies, the PI/USD 4-hour chart remains bullish. From a technical perspective, Pi Network remains in a broader bearish phase despite recent stabilization. At press time, PI is trading at $0.136, as it remains below the 50-day EMA of $0.1483, the 100-day EMA of $0.1620, and the 200-day EMA of $0.2008. This stacked resistance structure reinforces a downside bias, with rallies likely to face strong overhead supply. In addition to that, momentum indicators are showing early signs of stabilization. The MACD has crossed above its signal line. Meanwhile, the Relative Strength Index (RSI) sits at 63, gradually moving toward the overbought 50 level. These signals point more toward a slow-growing bullish momentum. If the broader market rally persists, PI could surge higher towards the first major resistance level near the 50-day EMA at $0.1483. A break above this level would be required to strengthen short-term bullish momentum. The next major resistance zone sits at the 100-day EMA around $0.1620, which continues to act as a significant barrier for any sustained recovery attempt. However, if the market recovery fails, the bears would likely retest the $0.1300 support level. A decisive break below $0.1300 would invalidate the recent breakout attempt and likely signal renewed bearish pressure. In that scenario, price could revisit the June 6 low near $0.1184, which represents the next key support level. Overall, Pi Network’s current price action reflects a weak recovery within a broader downtrend. While momentum indicators show early stabilization, declining social interest and heavy resistance overhead continue to limit the likelihood of a sustained bullish reversal. Traders are now focusing on the upcoming Fed meeting to determine the direction of the broader cryptocurrency market in the near term. The post Pi Network price recovery looks fragile as social interest hits new low appeared first on Invezz