The Pi Network price is exhibiting clear signs of technical deterioration, shifting momentum firmly in favor of sellers. A recent failed breakout attempt has been met with strong distribution, significantly raising the probability of a deeper correction toward the crucial $0.20 support level.
This bearish shift invalidates the short-term bullish narrative, as the price has been rejected back into its established trading range, struggling beneath multiple layers of resistance. The technical structure now points toward a potential test of lower bounds.
Technical Breakdown: Key Levels Fail to Hold
The PI price action has formed several concerning signals that align with a bearish outlook:
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Failed Breakout & Bearish Engulfing: The attempt to push above high-timeframe resistance was sharply rejected, resulting in a pronounced bearish engulfing candle. This pattern indicates that selling pressure overwhelmed buying interest immediately after the breakout, a classic sign of distribution.
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Resistance Confluence: The price is now trapped below a significant confluence of resistance, including the 0.618 Fibonacci retracement level and the psychological $0.25 barrier. This multi-layered ceiling is stifling any recovery attempts.
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Weakness at the Point of Control: The asset is showing a feeble bounce from the Point of Control (POC), the median price level of recent trading activity. The lack of strong bullish reaction here suggests buyer exhaustion and strengthens the sellers’ position.
The Bearish Path: A Likely Rotation Toward $0.20
With the failed breakout and weakening POC, the path of least resistance is now to the downside. The most probable target is the Value Area Low, which converges with the major $0.20 support zone.
This level represents the foundational floor of the current trading range. A breakdown below the POC on a daily closing basis would strongly increase the odds of a swift move toward this target. Furthermore, the presence of notable liquidity below $0.20 acts as a magnet for price, increasing the incentive for a volatile wick or sustained move into that region.
Fundamental Context and Downside Catalysts
The technical weakness is occurring despite Pi Network’s announcements regarding MiCA compliance efforts for EU exchange listings. This highlights that regulatory progress has not been enough to counteract the prevailing selling pressure in the short term.
Adding to the downside risk is the looming concern of a substantial 190 million token unlock. Such events often introduce increased sell-side pressure into the market, which could exacerbate the current technical breakdown and accelerate a drop toward $0.20.
Pi Network Price Prediction: Critical Levels to Watch
The immediate outlook for Pi Network price is bearish, contingent on defending or losing key levels.
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Bearish Scenario (High Probability): A sustained loss of the Point of Control support opens the door for a direct test of the $0.20 support area. This remains the primary forecast given the current distributive structure.
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Bullish Invalidation: The bearish thesis would be invalidated only by a strong, high-volume reclaim above the $0.25 resistance zone. Such a move would signal a return of aggressive buying and potentially trap late sellers.
Traders should monitor the price’s interaction with the POC and the $0.20 level closely, as these will dictate the next significant directional move for PI.
