• Pi Network is still under downside pressure, holding above $0.17 on Monday.
• The broader market remains cautious as Trump extends the deadline for Iran to reopen the Strait of Hormuz to Tuesday, 08:00 PM ET.
• The technical outlook for PI is neutral to bearish, while trend momentum wanes.

Pi Network (PI) is consolidating at press time on Monday, following a nearly 3% rise on Friday. The broader market sentiment remains cautious as US President Donald Trump warns of striking power plants and bridges if no peace deal is reached with Iran by Tuesday. Meanwhile, Pi Network's trend momentum is losing steam amid downside risk. 

US-Iran war heats up with Trump’s deadline

Donald Trump has extended his ultimatum till Tuesday, 08:00 PM Eastern Time (ET), for the Iranian forces to cease fire. As per Trump, the consequences of not accepting a peace deal before the deadline would include strikes on power plants and bridges. 

Amid the fourth extension of the deadline, global Crude Oil prices, CL futures, have crossed $114 per barrel during the early Asian hours on Monday, increasing the risk of heightened inflation. Meanwhile, according to Axios, the US, Iran, and a group of regional mediators are conferring a potential 45-day ceasefire in hopes of a permanent end to the Middle East war.

The broader market remains cautious amid the negotiations, deadlines, and strikes. If the last ones continue, downside pressure could trigger a further correction in the PI token.

Technical outlook: Will PI token’s consolidation take a bearish exit?

Pi Network shows a neutral-to-bearish bias in the near term, as it trades below the 50-day Exponential Moving Average (EMA) at $0.1837, which is well below the descending 100-day and 200-day EMAs, keeping the broader downtrend intact.

The Moving Average Convergence Divergence (MACD) indicator remains below its signal line on the daily chart, with a shallow negative histogram, signaling weak downside momentum rather than impulsive selling. At the same time, the Relative Strength Index at 43 is below the midline, reinforcing soft bearish pressure but not yet oversold.

Looking down, the immediate support for PI token aligns with the February 23 low at $0.1556, guarding the February 11 low at $0.1310.

For a sustained recovery, PI must cross the descending 50-day and 100-day EMAs at $0.1837 and $0.1923, respectively, which cap the upside toward the March 7 high at $0.2396.

(The technical analysis of this story was written with the help of an AI tool.)