Key takeaways
- Pi Network extends losses on Friday as the 50-period EMA limits short-term recovery attempts.
- The token could fall below $0.1600 if the downtrend continues.
Pi Network (PI) extended its losses on Friday, at risk of a downward breakout from its short-term consolidation on the 4-hour chart.
The token remains capped at a 50-period exponential moving average (EMA) at $0.1733, limiting recovery despite the recent launch of biometric tokenization features within the Pi ecosystem.
Vibe crypto features are aimed at promoting the development of the ecosystem
The Pi Network has provided great programming tools for developers, making it possible to turn AI-powered applications – from platforms like Codex, Cloud Code, Replit, Cursor, and Lovable – into Pi Apps.
This integration can reduce app development time and strengthen the ecosystem with over 60 million participating users.
Technical outlook: The corrective pressure continues
The 4-hour PI/USD chart remains bearish and active, with the PI falling more than 2% over the past 24 hours.
The PI is currently under a corrective bias, with its maximum being the 50 period moving average at $0.1733 on the 4-hours chart and the 200 period moving average at $0.1771.
The pair is also below the nearby downtrend resistance line around $0.1741, strengthening the upward barrier.
If the bulls regain control, initial resistance will be seen at the 50 period moving average at $0.1733 and the 200 period moving average at $0.1771, capping the short-term upside. The nearby downtrend resistance line around $0.1741 adds to the barrier.
Momentum indicators also indicate that the bears are still in control. The Relative Strength Index (RSI) is at 45, below the center line, indicating continued selling pressure.
The MACD remains almost flat, indicating weak consolidation momentum rather than a decisive recovery.
However, if the downtrend continues, immediate support will appear at the S1 pivot point at $0.1645.
Pi Network’s short-term outlook remains cautious, and traders should monitor the EMA and trendline levels for signs of a deeper breakout or correction.
