Pi Network price is trading near its lows under extreme oversold conditions, with the RSI signaling a possible reversal. A strong base at $0.26 support could set the stage for a bullish recovery.
Summary
- Pi Network lost $0.35 support, which has flipped into resistance.
- Price is attempting to form a base at $0.26 high-confluence support.
- RSI in oversold territory signals potential for a bullish reversal.
Pi Network (PI) price has been volatile in recent weeks, losing the $0.35 support level and flipping it into resistance. Despite this breakdown, bulls have stepped in to defend the $0.26 high-confluence support zone, where price action is now attempting to stabilize. With the RSI registering extreme oversold readings, conditions resemble prior setups that sparked strong rebounds in Pi’s history.
The current consolidation phase will be critical in determining whether the market can build a lasting base for reversal. Still, Pi’s price remains on edge despite the launch of its new DEX and AMM upgrade, showing that sentiment has yet to fully turn.
Pi Network key technical points
- Pi Network lost $0.35 support, which has now flipped into resistance.
- Price is attempting to build a base around $0.26 high-confluence support.
- RSI is extremely oversold, signaling potential for a bullish reversal.
Pi Network’s recent decline began with the loss of $0.35, a level that had previously acted as a key pivot point for buyers. Once broken, it quickly transitioned into resistance, capping upside attempts and increasing bearish pressure. This triggered a volatile move lower, where bulls had to step in aggressively to defend the next significant technical level.
The $0.26 support zone has emerged as the area of focus. This region carries multiple confluences, making it a likely candidate for a structural bottom. Price action has tested this level and managed to hold, suggesting that demand exists at this range despite broader weakness. For Pi Network to turn momentum in its favor, it must form a longer-lasting base at this support to build a foundation for sustained upside.
The most compelling bullish factor is the RSI, which is now in extreme oversold territory. Historically, similar RSI conditions on Pi Network have preceded sharp recoveries or bullish reversals. This technical backdrop adds weight to the possibility of another recovery cycle if momentum shifts in favor of buyers.
However, confirmation is still required. To establish a valid reversal, Pi must post multiple daily closes above the $0.26 support to reinforce the base. Once this occurs, bulls could push price toward retesting $0.35, now turned resistance, and potentially higher levels if volume supports the move.
What to expect in the coming price action
Pi Network is attempting to stabilize at $0.26 while trading under oversold RSI conditions. If this base holds and volume strengthens, a reversal rally toward $0.35 resistance could unfold. Conversely, losing $0.26 would expose lower support levels and extend the bearish trend.
