😅PI/USDT – 4H Technical Analysis

Note: PI is not officially listed by the Pi Network team, and most centralized exchanges list a placeholder IOU token. Price action can be highly speculative and manipulated — trade with caution.

Trend Overview:

PI/USDT has been volatile with no clear long-term structure, but on the 4H chart, price recently bounced off a key support, indicating short-term bullish interest. Price is now attempting to form a base and break out of its downtrend channel.

Key Levels:

Resistance:

$41.00 – short-term resistance and trendline rejection zone.

$46.00 – stronger resistance, previous breakdown level.

Support:

$36.50 – recent bounce level and short-term base.

$32.00 – major support and key pivot from historical moves.

Indicators:

EMA (50 & 200):

Price is trying to break above the 50 EMA; the 200 EMA sits overhead as dynamic resistance.

A bullish crossover of the EMAs would confirm momentum.

RSI:

RSI at ~57 – momentum is building, but not yet overbought.

Suggests room for price to push higher.

MACD:

Bullish crossover active, histogram growing – indicating strengthening bullish pressure.

Chart Pattern:

Descending Channel – PI is trying to break out from this pattern. A close above $41.00 could confirm a breakout.

Potential double bottom forming at $36.50 with neckline at $41.00.

Volume:

Volume has been erratic but increasing during green candles.

Look for a volume surge to confirm a true breakout from $41 resistance.

Conclusion:

Short-term bullish bias above $36.50.

Breakout above $41.00 may lead to a quick move toward $46.00–$48.00.

Losing $36.50 could send price back to test $32.00, a crucial support area.