Pi Network Price Prediction: Pi coin has fallen below 0.45 USD again, and three charts show the fluctuation compression upward space.

Pi Network (PI) has once again fallen below 0.45 USD. Despite positive news from the community regarding the Pi Core Team (PCT) getting on board to increase their holdings, investors seem unresponsive. Technical Analysis indicates that with the fluctuation compressing, the upward potential for Pi coin is extremely limited.

After experiencing a long-term downward trend that began in mid-May, the price of Pi Network is currently hovering below 0.445 USD.

The price trend is still contracting within a descending wedge, and indicators suggest that the Pi coin may soon experience a breakout trend. Traders are closely monitoring the movements outside the current structure.

(Source: Trading View)

On the daily chart, after the failed breakout of the PI coin in early July, it continued to fluctuate within a wide downward channel.

The current price trend shows that it is consolidating around the flat level above the low of $0.43, with volatility decreasing compared to the previous months. The chart still displays an active descending wedge pattern.

(Source: Trading View)

The concept chart of smart currency highlights a key structure breakout (BOS) near 0.47 dollars, and multiple CHoCH areas are formed below 0.45 dollars.

This indicates that liquidity is being cleared, and there have been internal changes in the order flow.

Currently, buyers are trying to maintain above the equilibrium level of $0.44, but the upward space is still restricted by supply near $0.495.

(Source: Trading View)