Pi Network's price has been struggling to recover from recent weakness in the cryptocurrency market. According to CoinCodex, the overall sentiment around Pi remains bearish, with 24 technical indicators flashing sell signals compared to only three bullish indicators.
The platform's Fear & Greed Index currently sits at 'Fear' territory near 34, indicating a negative outlook. In the short term, Pi continues trading below major moving averages and has seen its MACD indicator turn bearish again.