Pi Network firmly defends $0.35! PI technical indicator releases reversal signal, will the recovery trend start?

As mainstream Crypto Assets compete to challenge historical highs, Pi Network (PI) has instead continuously set new lows, with a decline of nearly 25% in the past month. However, as the selling pressure weakens and technical indicators show rare divergence, is the PI coin brewing a strong Rebound? This article will take you deep into the latest market trends and potential turning signals of Pi Network.

Pi Network price stabilizes at 0.35 USD, market volatility eases

On August 5, 2025, the price of PI coin is $0.3549, with a 0.4% fall in the last 24 hours, and the fluctuation range throughout the day is between $0.3508 and $0.3634. Although it has recently hit a historical low, its current market capitalization is still around $2.76 million, with a 24-hour trading volume reaching $59.8 million, indicating that market activity remains strong.

The bearish momentum weakens, while the bullish strength quietly gathers

In the past few weeks, bears have completely dominated the PI trend. However, the BBP indicator shows that selling pressure has significantly weakened since early August, and market forces are gradually leaning towards bulls. A similar situation occurred in mid-July, when the PI price rebounded from $0.45 to $0.52.

At the same time, the social dominance indicator shows that discussions about PI rose for three consecutive days at the beginning of August, which highly corresponds to the situation during historical local low point rebounds.

RSI hidden bullish divergence, bottom signal emerging

Currently, the PI coin RSI is only 23.37, in the extreme oversold zone. More importantly, while the price is making higher lows, the RSI is making lower lows, forming a "hidden bullish divergence" — this is usually an early signal that a short-term bottom is about to appear.

However, it is important to note that relying solely on RSI divergence is not sufficient to confirm a Rebound; a price breakout above key resistance areas is also needed to truly reverse the fall trend.

Key Resistance and Market Outlook

According to the Fibonacci retracement levels, the next major resistance for PI is at $0.36, followed by $0.39 and $0.42. If it can close above $0.39, it will be the first signal of the bull market returning. On the contrary, if it falls below $0.32, the bullish divergence will fail, and the downtrend may continue.

Conclusion

Although Pi Network has been performing poorly recently, the technical indicators are releasing rare reversal signals. If the selling pressure further weakens and the RSI continues to improve, PI coin is expected to welcome a recovery trend. Investors should closely monitor the resistance area of 0.36-0.39 USD and changes in RSI to seize potential turning points.