Pi Network Technical Outlook

Pi Network (PI) is showing early signs of potential recovery after nearing oversold conditions, with the RSI at 29. Traders are closely watching key technical levels to assess whether bulls can regain control.

💹 Exponential Moving Averages (EMA):

20-day EMA: $0.29172

50-day EMA: $0.33271

100-day EMA: $0.41475

200-day EMA: $0.62444

📌 Pivot Points:

Pivot (P): $0.29476

Resistance 1 (R1): $0.34751

Support 1 (S1): $0.21174

Support 2 (S2): $0.15899

🔎 Technical Outlook:

Immediate resistance lies near the 20-day EMA ($0.29172) and pivot point ($0.29476). A sustained move above these could open the path toward R1 at $0.34751, signaling strengthening bullish momentum.

On the downside, S1 ($0.21174) and S2 ($0.15899) serve as critical support zones, where buyers may step in if the price dips further.

RSI at 29 highlights oversold conditions, suggesting a potential rebound if buying pressure picks up.

Traders are also monitoring the MACD for a bullish crossover, which would further confirm a shift toward upward momentum.

⚠️ Key Takeaway:
Pi Network is at a crucial technical junction. Breaking above the pivot and EMAs could fuel a bullish run, while a failure to hold support may lead to deeper corrections.

$PI
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