Current Performance
Pi Network’s native token, PI, has shown remarkable resilience in recent months, gaining value while major cryptocurrencies like Bitcoin and Ethereum experienced significant drops. However, as the market began to recover in early December, PI lagged behind, dropping by 12% in the past week and currently sitting just above $0.22.
ChatGPT’s Analysis
According to ChatGPT, PI’s trading volumes have declined recently, and the short‑term trend is bearish. However, the macro support remains intact, and PI is still above its October all‑time low of $0.172. ChatGPT emphasized that PI needs to rebound from the crucial support level of $0.21‑$0.22 to maintain its broader recovery structure. If it breaks below this level, PI could retest the October lows.
Resistance and Support Levels
On the upside, PI’s first major resistance is at $0.24‑$0.25. However, ChatGPT believes it’s unlikely for PI to reach this level without a major update. The AI platform predicts that PI will likely trade sideways in the following week, with a lower boundary of $0.22 and an upper boundary of $0.24, unless the overall market collapses.
Conclusion
ChatGPT concluded that PI’s weekly decline doesn’t necessarily signal a trend reversal but indicates a shift in momentum. As always, investors should conduct their own research and consider market conditions before making any investment decisions.
