The price of PI is currently hovering around $0.64, with trading volume surging by 23%. This recovery attempt has sparked mixed sentiment across the crypto market, resulting in asset fluctuations between gains and losses. Despite this, the Fear and Greed Index remains at a low 32, indicating lingering fear. Meanwhile, PI has exhibited impressive gains of 4.23% over the day. Starting at $0.6097, the brief bullish momentum has pushed the price to the $0.6614 range. As of now, it trades for $0.6474 with a market capitalization of $4.47 billion. Notably, its daily trading volume has reached $148 million. 23.23% increase in volume. On the flip side, PI has suffered over 13.44% decline in the last seven days. Trading at around $0.7481 to start the week, bearish pressure saw it drop toward $0.5965. Is a downturn on the horizon for PI? Analyzing the market sentiment could lead us to see a potential price drop towards the $0.63 range. A deeper correction may even form a death cross, sending the asset back to its former lows around $0.6233. On the other hand, if bulls regain control of the asset and propel it upward, we could see a significant jump towards $0.6548. Clearing this level might kickstart an overall rally leading to the $0.66 range. The Moving Average Convergence Divergence (MACD) line and the signal line remain below zero, suggesting a strong bearish crossover with imminent downside ahead in the market. Chaikin Money Flow (CMF) at -0.00 signals a neutral market sentiment regarding money flow. Meanwhile, the daily trading volume of PI has surged by over 23%. The Bull-Bear Power (BBP) value, at 0.0226, indicates that bulls hold the upper hand. However, the RSI, at 52.39, reveals a neutral market sentiment. Disclaimer: This article reflects the author’s perspective and does not constitute investment advice. It is recommended to conduct thorough research before investing.