Pi (PI) currently trades around $0.57, with trading volume surging by 31%. Despite recent attempts at recovery, the cryptocurrency market remains indecisive. The Fear & Greed Index sits at 53, reflecting a neutral sentiment. Meanwhile, PI has suffered a notable decline of over 5.90%. The potential for a bullish correction remains, but resistance lies between $0.58 and $0.64. Trading opened near $0.6218 before encountering bearish pressure and dropping to around $0.5716. At present, PI is valued at $0.5761 with a market cap of $4.01 billion. Notably, the daily trading volume has increased by over 31.48%, reaching $104 million. Is PI heading towards a decline? The recent drop is marked by red candlesticks, suggesting potential support around $0.5730. If bears gain more control, the price could plummet to $0.55. However, a positive shift with green candlestick patterns might boost the bulls and propel them towards the $0.5838 level, aiming for the $1 mark. The asset’s chart (Source: TradingView) shows the MACD line and signal line below zero, signifying a persistent bearish momentum. Meanwhile, the Chaikin Money Flow (CMF) indicator at -0.04 suggests a slight negative flow of money into PI, indicating mild selling pressure. The daily RSI at 18.90 hints at an oversold condition, potentially paving way for a reversal or bounce back. The asset’s Bull Bear Power (BBP) reading of -0.0598 further reinforces the dominance of bears in the market. Other noteworthy crypto news includes the potential resurgence of resistance for Bitcoin against the $100k threshold.