After a period of consolidation, Pi Network’s native token, PI, has regained attention following a sharp rebound over the past 24 hours. Traders are closely watching the $0.25–$0.28 range, a historically significant resistance zone, as a potential springboard for further gains.

Recent Price Action

• PI surged 10–12% in the last 24 hours, briefly testing the upper boundary of its consolidation range.
• Trading volumes are rising, accompanied by outflows from exchange wallets—often seen as a sign of accumulation by committed holders.
• The $0.25–$0.28 zone has repeatedly acted as a short-term supply block. A daily close above this range would flip it into support, setting the stage for a move toward $0.30 resistance.

Technical Setup

• PI has broken above the Ichimoku Cloud, suggesting a potential trend reversal.
• On-Balance Volume (OBV) shows steady buy-side pressure, confirming the bullish momentum.
• Price is approaching the neckline of a double-bottom (W-shaped) pattern around $0.28–$0.29. A successful push above this level could trigger a fresh upside phase.

20% Upside Potential

• A clean breakout above $0.30 would activate the double-bottom pattern, potentially driving PI toward $0.34–$0.36, roughly a 20% gain from current levels.
• Key indicators supporting this setup:
  • Rising trading volume
  • Exchange outflows indicating accumulation
  • Positive market sentiment
• Short-term risk: Failure to hold above $0.28 or rejection at $0.30 could push PI back toward $0.23–$0.24 before another breakout attempt.

Market Outlook

Pi Network is approaching a decisive technical moment. Bulls need to reclaim $0.30 to confirm a trend reversal and trigger a potential rapid upside move. Even if the breakout fails initially, the token’s emerging bullish structure remains intact, with traders keeping a close eye on volume and support levels for guidance.