Pi Network’s PI Holds Near $0.0800 as Bearish Signals Persist

Pi Network’s native token, Pi (PI), traded above $0.0800 at 4:57 a.m. ET (08:57 UTC) Monday, holding near a key support level as bearish technical signals continued to weigh on the market.

PI closed at $0.082467 on Oct. 11. Data for the Oct. 12 daily close was unavailable when accessed.

A confirmed break below $0.0800 could expose the July 31 low and a swing low at $0.0704. Those levels represent technical scenarios, not confirmed future prices.

PI was below its 50-day exponential moving average at $0.0889 and its 200-day exponential moving average at $0.1230. Nearby resistance stood at $0.0867, $0.0880 and $0.0889. A close above that resistance band would put $0.1049 among the next potential upside levels.

Momentum readings also remained weak. The Relative Strength Index was 39, while the Moving Average Convergence Divergence indicator was slightly negative.

The move continues pressure outlined in an earlier report on PI’s proposed $0.075-$0.080 support zone.

Separately, Pi Network said Oct. 8 that it was exploring integration with the OUSD stablecoin. The network said the implementation would be designed cautiously and that PI should remain the primary cryptocurrency across its processes, with stablecoins serving a complementary role in the ecosystem.