PI’s price is pushing above the $0.18 zone after holding support, signaling renewed buying strength.
Several indicators support upside momentum, though the RSI at 77 signals overbought conditions.
A sustained move above $0.19 could open the path toward $0.21 and potentially $0.25 — how?
After an extended period of sideways trading, Pi Network’s (PI) price is finally moving higher, signaling a decisive move.
At the time of writing, the altcoin is flirting with a critical resistance level, and this time, the technical setup looks bullish.
Meanwhile, momentum indicators across multiple timeframes are flashing positive signals.
If this breakout holds, it could reopen the path for the Pi Network price to reclaim $0.25. Here is why.
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PI is attempting a breakout after weeks of sideways compression, pushing toward the upper boundary of its range as momentum indicators turn sharply bullish on the 4-hour timeframe.
The move follows a prolonged period of low volatility, where the price hovered just above the $0.17 support zone.
Now, buyers are stepping in with strength, driving the PI token’s price toward $0.18 and beyond.
However, as the breakout structure develops, technical indicators suggest the rally may be overheating in the short term.
The Bull Bear Power (BBP) has flipped positive and is expanding, indicating buyers are gaining control after a prolonged bearish phase.
In addition, the Relative Strength Index (RSI) has surged to 77, entering overbought territory.
This combination signals strong upside momentum, but it also introduces the risk of a short-term pullback or consolidation phase as the market cools.
Even so, if the Pi Network price breaks above $0.19 and sustains it, the breakout could accelerate, opening the path toward the $0.25 psychological resistance level in the near term.
PI Price Outlook: Rebound Forming
PI is showing early signs of stabilization after a prolonged downtrend, with price now trading near $0.18 and holding above the descending trendline support.
This level is becoming a short-term pivot point as buyers cautiously step in.
However, the broader structure remains fragile. Furthermore, the price continues to trade below key Fibonacci resistance levels, particularly the $0.21 and $0.25 zones, which cap any meaningful upside.
Meanwhile, a recent rejection near $0.26 reinforces seller dominance at higher levels.
Consequently, momentum is now improving more clearly.
The Moving Average Convergence Divergence (MACD) has turned bullish and started printing green histogram bars, signaling a fresh upside crossover.
Similarly, the Chaikin Money Flow (CMF) remains in positive territory, reinforcing steady capital inflows. Together, these indicators point to strengthening bullish pressure.
Despite these encouraging signals, confirmation remains essential. A breakout above $0.21 would validate the recovery and potentially drive PI’s price toward $0.25.
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.
