Pi coin price remains in a strong bearish downtrend, but the price is forming a base near the value area low. A reversal becomes likely once the bearish trend is broken on a closing basis.
Summary
- Pi Network is consolidating at key support near the value area low and point of control.
- A breakout above the bearish trendline opens path toward $0.63.
- Stronger bullish volume is required to sustain reversal momentum.
Pi Network (Pi) has been trading under consistent bearish pressure, but the market is showing signs of potential exhaustion. The current price structure reflects an a move that could enhance network functionality and support broader confidence. While the downtrend is still intact, accumulation signals are emerging on the chart.
Pi Network key technical points
- Support Confluence: Price consolidating at swing low with value area low, point of control, and structural support.
- Market Auction Theory: Break of bearish trendline and POC opens path toward $0.63 value area high.
- Volume Dynamics: Bullish influxes appear but remain weak; stronger participation needed for upside expansion.
Pi Network’s bearish trend has carried the price into a critical support region. The current consolidation at the swing low combines several important technical markers, including the high timeframe support zone, value area low, and point of control. Together, these levels suggest that downside momentum may be stalling, creating conditions for accumulation.
From a market auction theory perspective, price currently sits at the value area low. A confirmed reclaim of the point of control, coupled with a breakout above the prevailing bearish trend, would complete a rotational move toward the value area high at $0.63. This path represents the completion of a full auction cycle within the range.
The key missing element is volume confirmation. While there have been bullish influxes in recent sessions, they remain insufficient to sustain a breakout. Stronger and more consistent inflows of buying volume are required to shift momentum away from bearish dominance. This condition is most likely to develop once the lower high structure is invalidated, which has not yet occurred.
What to expect in the coming price action
Pi Network remains in an apex zone, where the price is compressing between structural support and bearish trend resistance. A decisive break above the bearish trendline, with strong volume backing, will confirm the shift in market direction and open the door for a move toward $0.63. Until then, price is likely to remain range-bound within the current consolidation phase.
