Pi Network price stabilizes at $0.21 as selling pressure fades, bottom in sight?
Pi Network price remains steady at the $0.21 support level, showing signs of potential bullish momentum. Buyers are accumulating as bearish momentum fades, with multiple daily closes above $0.21 signaling stabilization and a possible reversal. An accumulation zone has formed between $0.21 support and $0.29 resistance, with a higher low formation potentially confirming a structural shift. Gradual increases in bullish volume suggest growing investor confidence, with a potential rally toward the $0.37 resistance if the current support holds.
Decentralized Exchange
Pi Network Price Stabilization at $0.21 Support
Pi Network price holds steady at the $0.21 support level, indicating early signs of accumulation as sellers lose control. This shift suggests that bullish momentum may be on the horizon. If this support holds and volume increases, Pi Network (PI) could enter a bullish phase, targeting the $0.29–$0.37 resistance zone.
Key Technical Levels and Market Structure
- Support Strength: The $0.21 level has held multiple daily closes, signaling clear accumulation.
- Resistance Target: The next resistance zone sits near $0.37, a crucial high-timeframe level.
- Market Structure: A potential higher low formation could confirm the beginning of a structural shift toward bullish momentum.
Stabilization and Accumulation Phase
Pi Network’s recent price action highlights a stabilization phase following a prolonged downtrend. The $0.21 support has emerged as a crucial technical level where price action consistently finds buyer interest. Multiple daily candle closes above this support underscore fading bearish momentum and potential seller exhaustion.
Accumulation Zone Between $0.21 and $0.29
A potential accumulation zone is forming between support at $0.21 and resistance at $0.29. This range will help determine whether Pi Network can establish a base for trend reversal. If the $0.21 support holds, the market could form a higher low, which is a critical indicator of a bullish structural shift.
Volume Dynamics and Bullish Sentiment
From a volume perspective, there are signs of renewed investor confidence. Gradual increases in bullish influxes around the current trade levels suggest accumulation by participants expecting higher prices. As long as bullish volume persists, a potential rally toward the $0.37 resistance remains plausible.