Pi (PI) Technical Outlook – PI Attempts Early Rebound but Faces Heavy Resistance Near $0.30–$0.35

Pi has shown its first meaningful bounce after breaking out of the steep descending channel, recovering from the recent low near $0.155 and pushing back toward the 0.236 Fib level at $0.276. This rebound indicates easing bearish pressure, but PI is still approaching a major resistance cluster.

Price is now trading around the $0.26–$0.28 zone, where the 20 EMA ($0.229) and 50 EMA ($0.242) are flattening. A decisive daily close above the 100 EMA ($0.298) would strengthen bullish momentum and open the path toward the key supply zone at $0.32–$0.35, an area that previously rejected price multiple times.

The $0.32 pivot level also aligns with horizontal resistance, making it one of the most important levels for trend confirmation. A breakout above $0.35 (0.382 Fib) would signal a mid-term trend reversal, exposing upside targets at $0.41 (0.5 Fib) and $0.47 (0.618 Fib / 200 EMA).

On the downside, immediate support lies at $0.23–$0.24, followed by $0.20, and then $0.172 (S1). Losing $0.17 would invalidate the current recovery structure.

The RSI at 51.98 indicates a shift back into neutral-to-bullish territory, suggesting improving momentum — but not yet confirming a strong trend reversal.

📊 Key Levels

Resistance:
$0.276 (0.236 Fib) → $0.298 (100 EMA) → $0.321 (major pivot) → $0.35 (0.382 Fib / supply zone)

Support:
$0.242 → $0.229 → $0.20 → $0.172 (S1)

EMA Values:
20 EMA – 0.229
50 EMA – 0.242
100 EMA – 0.298
200 EMA – 0.472

RSI:
51.98 — Neutral, showing early bullish momentum

📌 Summary

PI is attempting recovery after breaking the descending channel but still faces major resistance at $0.30–$0.35. RSI improving shows momentum building, but a breakout above $0.298–$0.321 is required to confirm a bullish reversal.

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