<ul data-eligibleForWebStory="true"><li>Pi Network (PI) maintains support above $0.53, with traders expecting a potential bounce.</li><li>Bullish MACD crossover and oversold RSI signal a possible near-term reversal in price.</li><li>A break above $0.5775 could pave the way for a move towards $0.64 and beyond.</li><li>Pi Network is currently trading around $0.538, with significant selling pressure observed since early June.</li><li>Oversold RSI and weak bullish MACD crossover hint at a potential slowdown in the downtrend.</li><li>Healthy trading volume suggests ongoing interest in the asset despite its weakened price.</li><li>Various technical indicators like ADX and Bollinger Bands point towards the possibility of a reversal.</li><li>SuperTrend indicates a bearish sentiment, with resistance near $0.5775 needing to be breached for a sentiment shift.</li><li>Short-term traders eye a bounce if support at $0.53 holds, while long-term investors monitor for bottom confirmation.</li><li>The current technical setup hints at a potential recovery, though the market remains in a downtrend.</li></ul>

Pi Network (PI) at Key Support: Traders Eye Bounce From $0.53

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