Over the past week, PI's price has risen by 7%, indicating a slight upward trend. Currently priced at $0.65, the increase seems to be influenced more by general market growth rather than a surge in demand specifically for PI, as suggested by technical analyses.

Despite the price increase, the Relative Strength Index (RSI) has not shown a significant rise, indicating a balance between buying and selling pressures for PI, rather than a strong bullish sentiment typically seen in sustainable uptrends. The RSI, which ranges from 0 to 100, staying flat suggests market indecision or consolidation rather than a clear trend direction.

Additionally, PI's Super Trend indicator acts as a dynamic resistance level above the token's price, currently set at $0.85. This indicates that the market direction remains cautious, with the asset struggling to surpass this level, reinforcing a bearish sentiment.

At the moment, PI is trading below its 20-day exponential moving average (EMA) of $0.65, signaling a short-term downtrend. If demand does not pick up, PI's price may decline further towards its all-time low of $0.40. However, a resurgence in bullish activity could drive PI above the 20-day EMA and towards $1.01.