#PI Based on current market data and technical indicators, the outlook for Pi Network (PI) after December 4 is highly uncertain, with short-term trends leaning towards volatility and downside risk, while the long-term trajectory depends on the progress of its ecosystem and regulatory developments. Specific analysis is as follows:

1. Short-term trend (several days to weeks): As of 7:00 on December 4, 2025, the PI price fluctuated between $0.23 and $0.24, with a 24-hour volatility of 178.31%, and had already fallen below the 7-day simple moving average of $0.248 for the day, indicating increased selling pressure. Technically, there is a hidden bearish divergence in the RSI on the three-day chart, and the CMF indicator remains in negative territory, suggesting strong short-term downward momentum. If the $0.20 - $0.21 support level cannot hold, the price may further drop to $0.15; if it can break through the $0.28 upper wedge resistance, there may be a chance to rebound to $0.36.

2. Medium-term trend (several months): Pi Network is advancing the V23 mainnet protocol upgrade, smart contract testing, and decentralized exchange development, and it already complies with EU regulatory standards. There are also more than 210 decentralized applications within its ecosystem. If these upgrades and applications are successfully implemented, they may attract capital inflows and boost the price. However, issues such as token concentration and the lack of a token burn mechanism remain. Large holders' trades or token unlocks could trigger significant price volatility, limiting its upside potential.

3. Long-term trend (years): Its strengths lie in a base of over 70 million registered users and ongoing efforts toward real-world asset tokenization, as well as the integration of domain name and digital identity systems. If Pi Network successfully expands its use cases and diversifies token ownership, its value may increase. However, mainstream commercial adoption remains low, regulatory policies differ by region, and overall cryptocurrency market volatility may have knock-on effects. If these issues are not resolved, it will be difficult for its long-term value to increase significantly.

Note that as a crypto asset, Pi Network is subject to extreme price volatility, and the relevant market is not protected by mainstream financial regulation. The above analysis is for market assessment only and does not constitute investment advice.