Pi Network's PI token slipped 0.56% over the past 24 hours, extending its weekly loss to 3.75%, even as the project's core developers rolled out two notable upgrades. The token's weak showing was broadly in line with the altcoin market's weekly drawdown of 2.11%, according to an analysis first published by AMBCrypto.

Two Upgrades Land Amid Price Weakness

In development news, the Pi Network Core team announced the release of Pi Desktop version 0.6.4. The headline change makes remote access to SoloHost applications considerably easier, and the update also introduces additional protective measures for SoloHost users.

That release followed the network's recently completed upgrade to Protocol 28, which improved the network's handling of delayed transaction data. Both changes sit on the technical side of the project — one in the desktop client, the other in the network protocol itself.

Sellers Retain the Upper Hand

Despite the technical progress, PI has ceded ground to sellers at a steady pace. AMBCrypto reported that the token recently pushed toward $0.082, a local resistance zone. A recovery above that area was not expected, the analysis noted, citing a lack of sustained demand and bearish sentiment across the wider market.

The first Pi Ecosystem Summit in mid-November could shift long-term investor sentiment in a bullish direction. For now, however, the longer-term trend remains in the sellers' favor.

On the daily timeframe, swing points sit at $0.07 and $0.139. The $0.0986 level — just below the psychologically significant $0.10 round-number resistance — has acted as a key resistance level since July.

Momentum indicators reinforce the bearish picture. The Relative Strength Index (RSI), a momentum gauge that compares the strength of recent gains to recent losses, has been drifting lower toward oversold territory and has held below the neutral 50 mark since September, signaling bearishness. On-Balance Volume (OBV), which tracks cumulative volume flow to show whether buyers or sellers are in control, has also been declining, underlining steady selling.

Demand Zone Under Watch

The downward wick of a sizeable 4-hour candle that touched $0.074 on October 14 is being tested once again as a demand zone — a price area where buying interest has previously outweighed selling. Not far below, the $0.070–$0.073 range offers higher-timeframe support.

Prices are now approaching a pivotal level. The evidence at hand points to steady selling pressure and downward momentum. If buyers can flip the script, a bounce toward $0.10 is possible. Otherwise, swing traders and investors may need to brace for further declines.

Six-Week Downtrend Intact

PI has been in a steady downtrend over the past six weeks, falling 23.6% from $0.0988 to $0.0758. Price structure and momentum remain bearish across timeframes, the $0.070 swing low is the next level to watch to determine the token's next higher-timeframe move. That level, along with any sentiment shift from the mid-November summit, will frame the next read on the trend.