
A long-term resistance trendline continues to restrict Pi Network (PI), although easing selling pressure leaves its technical outlook mixed. The token is steady around $0.0766 on Wednesday after rebounding roughly 2% on Monday. Meanwhile, Axis Robotics has officially confirmed receipt of seed funding from Pi Ventures, which focuses on integrating AI and robotics technologies.

Ties with Pi Network’s investment fund, Pi Ventures, were confirmed by Axis Robotics in a social media post on Wednesday. Alongside the $12 million seed investment in 2026, the post outlines a plan for technical integration aimed at jointly scaling physical AI.

Following four successive bearish weekly closes, Pi Network retains a bearish bias, trading at $0.0766 at the time of writing on Wednesday. At $0.0838 and $0.1165, respectively, the 50-day and 200-day Exponential Moving Averages (EMAs) remain well above the PI token’s price.
Repeated recoveries have also stalled at the descending trendline linking the June 20 and August 22 highs. Positioned around $0.0803, this nearby resistance keeps the broader downtrend intact. A bullish recovery would require PI to clear the overhead resistance cluster formed by the trendline near $0.0803 and the 50-day EMA at $0.0838, paving the way towards the psychological level of $0.1000.
Daily-chart momentum continues to look subdued. With the Relative Strength Index (RSI) near 37, weakness appears to persist; the Moving Average Convergence Divergence (MACD) line is only marginally above its signal line, pointing to tentative stabilisation rather than a reversal in trend.
The swing low at $0.0704 provides the only nearby structural support on the downside. A breach of that level would leave room for another leg lower within the prevailing downtrend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)