Pi Network’s native token has demonstrated resilience in recent months, often defying the overall market trend. For instance, it registered gains in November while major cryptocurrencies like Bitcoin, Ethereum, and XRP experienced double-digit declines.
Conversely, the broader market began to recover at the start of December, with Bitcoin surpassing $94,000 and Ethereum reaching over $3,200 at one point. However, PI has lagged behind these gains, failing to produce similar increases. In fact, it has declined by 12% over the past week and is currently trading just above $0.22.
In light of this performance, ChatGPT was consulted for its perspective on the matter and its outlook for PI's price in the upcoming week.
Technical Analysis
OpenAI's AI model provided a cautious outlook for PI's price trajectory. It observed a recent decline in overall trading volumes, which, combined with the asset's drop from $0.28 to its current level of $0.225, indicates a short-term bearish trend structure. However, the AI noted that the macro support level has not yet been broken.
Despite the current downward movement, Pi Network's token remains significantly above its October all-time low of $0.172. A rebound from the critical support zone between $0.21 and $0.22 is necessary to maintain the broader recovery structure. A break below this level could lead to a retest of the October lows.
Should PI manage to bounce, its initial significant resistance is identified at the $0.24-$0.25 range. This level presents a considerable challenge given the recent weekly trend. ChatGPT suggested that PI is likely to remain below this resistance unless a substantial update or development occurs to influence market sentiment.
Most Likely Scenario
ChatGPT categorized a breakout above $0.25 as the least probable scenario. Conversely, a bearish outcome, involving a drop below $0.20, was also deemed unlikely unless the overall market structure experiences a significant collapse. If market conditions remain stable, the AI predicts that PI will trade sideways in the coming week, with a lower boundary at $0.22 and an upper boundary at $0.24.
PI’s weekly decline does not necessarily signal a trend reversal. The token remains structurally stable above $0.21, but momentum has shifted in favor of caution. The next week will be critical — holding support could set the stage for a rebound, while a breakdown risks extending the correction toward $0.20.