𝗣𝗜 𝗧𝗘𝗦𝗧𝗦 𝗖𝗥𝗨𝗖𝗜𝗔𝗟 $𝟬.𝟰𝟳 𝗦𝗨𝗣𝗣𝗢𝗥𝗧 𝗔𝗦 𝗠𝗔𝗥𝗞𝗘𝗧 𝗥𝗘𝗔𝗖𝗧𝗦 𝗧𝗢 𝗨𝗣𝗗𝗔𝗧𝗘 𝗗𝗜𝗦𝗔𝗣𝗣𝗢𝗜𝗡𝗧𝗠𝗘𝗡𝗧
🔹 What Just Happened?
Pi Network rolled out two big updates last Friday, but instead of rallying, PI price dropped, disappointing bulls who were hoping for momentum.
Even though the price had climbed above the 20-day EMA ($0.56) before the announcement, it failed to break past the key resistance at the 50-day SMA ($0.66). That rejection shifted the trend back in favor of the bears.
📊 Support & Resistance Levels:
Support: $0.47 (critical level), then $0.40 (last defense)
Resistance: $0.56 (20-day EMA), $0.66 (50-day SMA), then $0.60 (swing target)
🧠 Key Technical Signals:
The 20-day EMA is sloping down, signaling short-term weakness.
The RSI is near oversold, but shows early positive divergence, which could hint at a possible bounce.
A relief rally might begin if PI holds $0.47 — but upside is likely capped unless it can reclaim the 20-EMA first.
🪙 What Traders Should Watch Now
✅ Bullish Scenario:
If price bounces from $0.47 and climbs above the 20-EMA ($0.56), it signals buyers are stepping back in.
That opens a path to $0.60 and $0.66, but these zones will likely face heavy selling.
❌ Bearish Scenario:
If PI fails to hold $0.47, the next stop could be $0.40, a key support from previous consolidation.
Continuation below $0.40 could signal a deeper downtrend and panic selling.
📌 Summary — What to Do Now
Holding PI? Watch $0.47 closely — if it breaks, consider reducing exposure.
Looking to buy? Wait for a strong move above $0.56 with volume, to confirm any trend reversal.
Short-term trader? Use $0.47–$0.56 as a range until a breakout happens.