Pi Network (PI/USDT) Technical Outlook: Attempting a Bullish Breakout

Pi Network has started showing signs of recovery after a prolonged bearish phase, currently trading around $0.25 and attempting to hold above the 20 EMA ($0.23). The recent rebound from the $0.21–$0.23 zone indicates strong demand near the lower channel boundary, hinting that a short-term trend reversal might be in progress.

The price is now facing a crucial resistance at $0.276 (0.236 Fibonacci level) — a breakout and daily close above this zone could confirm a bullish reversal, opening the way toward $0.32 (R1) and $0.35 (0.382 Fib). Further strength above these levels might push Pi toward $0.41 (0.5 Fib) and $0.47 (0.618 Fib) in the coming sessions.

However, if PI fails to sustain above $0.25, a retest of $0.231 (20 EMA) and $0.211 (S1) could occur. A close below these supports may invalidate the bullish setup and extend the correction toward $0.155 (S2).

The RSI at 58 shows improving momentum, signaling a shift from bearish to neutral-bullish territory. Buyers are gradually regaining control, but confirmation will come only if $0.276 breaks convincingly.

📈 Key Levels

Resistance: $0.276 → $0.32 → $0.35 → $0.41

Support: $0.231 → $0.211 → $0.155

RSI: 58 — Building momentum, early bullish tone

Overall, Pi Network is in a potential trend reversal phase, with bulls needing to defend the $0.25 zone for further upside continuation.

$PI
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