Pi Network (PI) Struggles to Reclaim $2 – What’s Next?

After a sharp decline from its February peak of $2.99, Pi Network (PI) is showing signs of stabilization around $1.66. While the price remains in an uptrend, momentum appears to be weakening, raising questions about whether PI can reclaim the $2 mark or if selling pressure will push it lower. Investors are closely watching key support and resistance levels to determine the next move in this volatile market.

After peaking at $2.99 in late February, Pi Network (PI) has dropped nearly 40% over the past two weeks. Technical indicators suggest that momentum is stabilizing, with ADX declining and RSI rising sharply from oversold levels. Can PI reclaim $2, or is the uptrend losing strength?