The post Examining PI token’s conflicting signals, and why a long punt might be worth it appeared on BitcoinEthereumNews.com.

PI token’s price faced rejection at the $0.64 resistance recently Lack of buying volume meant a recovery might be difficult, but traders can still anticipate some gains in the coming days Pi Network’s [PI] bulls were unable to climb past the $0.64 resistance. As AMBCrypto reported last week, Pi Network’s bulls lacked the strength to push the price higher. This was evident in the lack of buying volume last week – A factor that has not yet changed. Source: PI/USDT on TradingView On the 1-day chart, PI appeared to be bearish. It closed a daily session at $0.479 on Tuesday, 01 July. This daily close was lower than the one it made at $0.5 on 22 June. Meanwhile, the MFI made higher lows. While the MFI’s ascent reflected the weakening of bearish pressure, it also underlined a bullish divergence. PI’s price was at local lows, and a momentum divergence was spotted – An early sign that a bullish reversal from $0.48 could occur. However, the bias on the 1-day timeframe remained bearish. The price would need to climb past the $0.64 resistance to flip the structure bullishly. The token might not be strong enough to forge a path higher. The moving averages flashed bearish momentum and were likely to act as dynamic resistance levels should PI attempt to recover. This recovery attempt was not underway at press time. Despite the bullish divergence, the volume remained favorable to the sellers. The OBV has been trending lower over the past month. This trend has not shifted. It implied that the selling volume behind the Pi token has been relentless, and buyers have not been able to overcome this pressure. Hence, traders should be wary of going long, despite the momentum divergence. Here’s why it could be worth going long on PI Source:…

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Filed under: News - @ July 3, 2025 9:26 am