PI shows resilience at $0.22 | Credit: Hameem Sarwar
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Key Takeaways
PI’s price holds strong at $0.22 support despite bearish pressure.
Symmetrical triangle signals a breakout as momentum stabilizes.
Failure to hold the support could lead to a drop below $0.20.
Despite heavy bearish pressure at $0.23, Pi Network (PI) price has refused to buckle.
Recently, buyers have continued to step in, and the support line remains firm. With momentum stabilizing, attention now shifts to whether the PI coin price can capitalize on this resilience to achieve a fresh breakout.
During this formation, the cryptocurrency briefly attempted to break below the lower support trendline, hinting at weakness.
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This attempt coincided with a drop in the Bull Bear Power (BBP) indicator, which entered negative territory. This reflected waning bullish strength at that moment.
However, the support zone has held firm, with buyers stepping in repeatedly to defend the $0.22 level. This consistent reaction suggests that bulls still maintain control over this key area.
Because the support continues to hold and the triangle narrows, the Pi Network coin is increasingly positioned for an upside move.
To support this move, the Chaikin Money Flow (CMF) has held above the zero signal line. As a result, the momentum may shift in favor of buyers.
As such, PI’s price will likely break above the upper trendline, which could pave the way for a retest of the $0.25 resistance in the near term.
PI Price Analysis
Examining the daily chart reveals a structure that closely mirrors the setup observed on the 4-hour timeframe.
As seen below, the PI coin price remains confined within a symmetrical triangle, signaling a period of consolidation.
This pattern often precedes a decisive breakout once price compresses enough to force a directional move.
Adding to the bullish case, the green Supertrend line sits comfortably below the current price, indicating that the broader trend still favors upward momentum.
At the same time, the Awesome Oscillator (AO) remains in positive territory, indicating that bullish pressure has not fully dissipated despite recent fluctuations.
If these signals remain aligned, the PI coin price could break above the $0.29 resistance level.
A confirmed breakout from the triangle on strong volume may even trigger an extended rally, potentially pushing the market value toward $0.38 in an aggressively bullish scenario.
However, traders should remain cautious. If bears manage to break down from the lower trendline, this outlook may be invalidated. In such a scenario, PI’s price could lose key support levels, opening the door for a drop below $0.20.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
