Summary of Key Technical Points
- •PI price loses structure and tests value area low.
- •No bullish inflows signal continued downside risk.
- •$0.19 remains key support for a potential rebound zone.
Pi Network’s (PI) price has entered a critical phase after failing to hold above its key support zone. The token is now showing clear signs of breakdown, with no significant buyer interest emerging to defend current levels. The overall structure has turned bearish, leaving $0.19 as the next major target if the decline continues.
Pi Network Price Key Technical Points
- •Immediate Support: Value area low, now the final line of defense before $0.19.
- •Next Major Support: $0.19 high-timeframe region with resting liquidity.
- •Current Resistance: $0.28, previously rejected swing high.
Pi Network price has been steadily losing momentum since its failure to sustain the previous rebound toward the $0.28 resistance zone. That rejection has now confirmed a clear breakdown back toward the value area low, erasing the prior bullish structure that had briefly emerged.
At present, the value area low remains the last region of support preventing a more severe drop. If this level is breached on a daily closing basis, it would open the door for a deeper move toward $0.19, where significant liquidity rests from earlier trading sessions. This $0.19 zone also aligns with prior market activity, making it a likely area for short-term buyers to re-enter.
The broader market structure has shifted bearish. Momentum indicators show declining buying strength, while the absence of bullish volume influxes further underscores the lack of participation from buyers. As volume continues to contract, sellers maintain control of short-term price direction, putting Pi Network at risk of further downside continuation.
If the $0.19 support region holds firm, however, there remains a potential for a technical bounce or rotation back toward the $0.28 resistance zone. This would require strong bullish inflows and sustained closes above short-term moving averages to confirm a shift in trend. Until then, the path of least resistance remains to the downside.
What to Expect in the Coming Price Action
In the short term, the value area low is a key region to monitor for confirmation of either a breakdown or a defense. A decisive loss of this level could accelerate a drop toward $0.19.
Conversely, if buyers step in and volume increases, Pi Network may attempt a short-term rebound to $0.28 before broader trend confirmation.