The Pi Network Token (PI) may bounce off the historical low.

Selling pressure on the PI token is weakening
On the daily chart, the MACD indicator for PI is approaching a positive crossover, signaling a potential increase in buying activity. A positive crossover occurs when the MACD line (blue) crosses above the signal line (orange).
This is a bullish signal indicating a strengthening of the short-term momentum of the asset relative to its long-term trend. For PI, this means that interest in buying is growing and could push the price up in the near future.
The BBTrend indicator for PI shows that the red bars are gradually decreasing since the beginning of the sideways trend. This indicates a reduction in selling pressure and a possible shift to buying.
The next step of the PI Token depends on the demand.
If the demand for PI remains high, it may break through the resistance at $0.37. Turning this level into support could lead to a rise to $0.44.
If demand weakens, PI may return to a sideways trend or fall below $0.34.