Pi Network's price has taken a hit recently due to negative market sentiments, dropping below $2 from its peak of $3. However, there is hope on the horizon as signs of improvement are starting to emerge.

The Relative Strength Index (RSI) has reentered the bullish zone, indicating a strengthening bullish momentum for Pi Network. This shift suggests a potential rebound in the works, with investor confidence rising amidst the current dip.

Technical indicators like the Average Directional Index (ADX) are also showing positive momentum, with the ADX dropping below 25.0, signaling a weakening downtrend and paving the way for a recovery.

Currently trading at $1.90, Pi Network aims to surpass the $1.98 resistance level and target $2.30 for further growth. Breaking and maintaining the $2.30 level as support is crucial for sustaining this upward trajectory and potentially revisiting its all-time high of $3.00.

On the flip side, failing to breach $1.98 could lead to a decline towards the $1.64 support level, jeopardizing the bullish outlook. It is imperative to hold the line at $1.64 to support ongoing recovery efforts and avoid further losses.