Pi Network (PI) is down 14% over the past 30 days, with its market cap falling below $5 billion and the token trading under $1 since May 14. Technical indicators continue to show bearish momentum, with PI struggling to break through key resistance levels. The Ichimoku Cloud, BBTrend, and EMA lines all point to ongoing weakness and a lack of bullish confirmation. Unless momentum shifts soon, PI may face further downside before any meaningful recovery can take shape
source: https://beincrypto.com/pi-network-price-indicators-still-bearish/