PI网络（PI）价格经验中等趋势

自本月初以来，PI网络经历了适度的上升趋势，价格逐渐上涨。

The Sharpe ratio, an indicator for measuring return to risk, shows that the Pi Network’s current bearish momentum is actually strengthening. However, the value of the ratio has not yet reached a threshold sufficient to trigger a complete reversal of the market trend.

Sharpe比率是测量风险恢复的指标，表明PI网络当前的看跌动量实际上正在增强。但是，比率的价值尚未达到足以触发市场趋势的阈值。

According to technical analysis from tradingview, the Sharpe ratio, specifically the 20-period Sharpe ratio, signals that the current bearish trend of the Pi Network (PI) token is still persisting.

根据TradingView的技术分析，Sharpe比率，特别是20个周期的Sharpe比率，表明PI网络（PI）代币的当前看跌趋势仍在持续存在。

Despite registering early gains since the beginning of the month, the altcoin has failed to create enough bullish momentum to sustain the rally.

尽管自本月初以来就进行了早期收益，但Altcoin仍未创造足够的看涨势头来维持集会。

Despite early gains, the Pi Network is still struggling to make headway towards the crucial $1.00 level.

尽管提前收益，但PI网络仍在努力迈向至关重要的1.00美元。

Trapped in Uncertainty

被困在不确定性中

Historically, when the Sharpe Ratio hits -19%, it signals a temporary low that is usually followed by a price surge.

从历史上看，当Sharpe比率达到-19％时，它标志着暂时的低点，通常是价格上涨。

However, currently, the Sharpe Ratio for the Pi Network token stands at -6%, which is still far from the levels usually seen before a significant price recovery.

但是，目前，PI网络令牌的Sharpe比率为-6％，这仍然远离通常在大量价格恢复之前所看到的水平。

While the Sharpe Ratio indicates investor losses, it is not yet a signal of a price trend reversal.

尽管夏普比率表示投资者的损失，但尚未信号趋势逆转。

The altcoin seems to be in a neutral zone — it doesn’t have enough negative pressure to cause a sharp drop, but it also doesn’t have enough bullish impetus to push the price up. Investors are still waiting for clarity on market direction.

AltCoin似乎处于中立区域 - 它没有足够的负压来引起急剧下降，但也没有足够的看涨动力来提高价格。投资者仍在等待市场方向的清晰度。

On the macro side, technical indicators such as the Moving Average Convergence Divergence (MACD) show that the bearish momentum has not subsided.

在宏观方面，诸如移动平均收敛差异（MACD）之类的技术指标表明，看跌动量尚未消失。

The appearance of a red bar on the MACD chart, accompanied by a continuing bearish crossover, indicates that the price of Pi Network is likely to remain in a downward trend in the near future.

MACD图表上的红色条的出现，伴随着持续的看跌交叉，表明PI网络的价格在不久的将来可能会保持下降趋势。

This pattern suggests that altcoin prices will struggle to regain bullish momentum in the absence of significant positive sentiment from the market.

这种模式表明，在没有市场上明显的积极情绪的情况下，Altcoin价格将难以恢复看涨的势头。

The continued bearish trend shown by the MACD further reinforces investors’ concerns. As long as these red bars remain, the price movement will most likely continue to be under pressure, which makes reaching the $1.00 price in the near future even more difficult.

MACD表现出的持续看跌趋势进一步加剧了投资者的担忧。只要这些红色的条仍然存在，价格运输很可能会继续承受压力，这使得在不久的将来达到1.00美元的价格更加困难。

PI Price Faces Hurdles Ahead

PI价格面临着障碍

At $0.78, Pi Network is still about 27% away from the psychological threshold of $1.00. This level is highly anticipated by investors, because if it manages to break through and turn it into a support level, it will most likely trigger a new wave of investment.

Pi Network售价为0.78美元，距1.00美元的心理门槛约27％。投资者高度期待这个水平，因为如果它设法突破并将其转变为支持水平，则很可能会触发新的投资浪潮。

However, the current price stagnation raises concerns about the possibility of such a bullish breakout.

但是，当前的价格停滞引起了人们对这种看涨突破的可能性的担忧。

For now, Pi Network has not shown a clear inclination towards either a bullish or bearish trend. The asset is still stuck in the middle, with indications that negative momentum is more likely.

就目前而言，PI网络尚未表现出对看涨或看跌趋势的明显倾向。资产仍然卡在中间，迹象表明负动量更有可能。

The price could even correct deeper and test the support level at $0.71, reflecting increased caution from investors.

价格甚至可以更深入地纠正并测试支持水平为0.71美元，这反映了投资者的谨慎态度。