{"content":"Pi Network Gears Up for Breakout — Will the Bears Finally Get Burned? Price activity for Pi Network has been characterized by a declining channel ever since it reached its post-launch high. Pi Network continues to be stuck in a steady downturn for the time being. Every single effort to rally has been unsuccessful at the top edge of the channel, which further solidifies its status as a formidable resistance zone. It is also evident from the volume profile that participation is minimal, since the volume has been decreasing during the whole slump. This indicates that buyer conviction is still very low. In spite of the fact that the present configuration is still bearish, a verified breakthrough above the descending channel has the potential to spark off a rapid turnaround. Under such circumstances, the price index (PI) may attempt to break through critical resistance levels at $1.00, $1.20, and $1.50, with the possibility of a durable rebound if bullish momentum continues to develop. The floundering alternative cryptocurrency has had a severe decrease of 30% over the previous two weeks, and even the recent celebration of Pi2Day was not successful in bringing about any momentum for the cryptocurrency. A picture that is becoming more and more pessimistic for Pi Network is painted by the technical indicators. A negative correlation of has been formed between the cryptocurrency and Bitcoin, which indicates that it goes in the opposite direction of the market leader. #pi #PiCoreTeam #PiNetwork #BTCBreaksATH #ETHBreaks3k $BTC $ETH $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/12/9d98fda0db88c64c02721abff7c9ef15.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}