<ul data-eligibleForWebStory="true"><li>PI's Relative Strength Index (RSI) nears oversold levels, indicating a possible price surge ahead.</li><li>However, increased tokens held on exchanges may result in selling pressure, potentially impeding bullish movement.</li><li>Recent geopolitical tensions, like the Israel-Iran conflict, have slowed the crypto market's growth.</li><li>Pi Network's native token faced a decline, dropping below $0.40 on June 13 before recovering to around $0.54.</li><li>PI's current RSI stands at approximately 32, suggesting a potential short-term recovery.</li><li>Optimistic price predictions indicate that selling PI at the current rate may not be favorable.</li><li>Over 346 million PI tokens are currently held on exchanges, signaling a bearish scenario in the near future.</li><li>The increase in tokens stored on trading platforms, up by approximately 82 million in a month, indicates a possible supply influx.</li><li>Moving assets to centralized platforms is seen as a pre-sale step, potentially leading to further setbacks for the bulls.</li></ul>

Pi Network’s Price at a Crossroads: Bullish vs Bearish PI Scenarios

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