PI is cooling down after its most recent rally. Can bulls retake control?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.15, $0.18
Key resistance levels: $0.20, $0.28
PI Correction Appears Completed
The price of PI recently jumped to 30 cents before dropping sharply. Now, it’s around 19 cents, with 18 cents serving as a crucial price level that traders believe will prevent further declines.
If the price of PI goes back above 20 cents, buyers could gain control and potentially drive the price up to 30 cents. Currently, the price is showing a positive trend by consistently reaching both higher highs and higher lows, which suggests it’s likely to continue rising.
Volume Falls
Trading volume for PI has decreased since its recent increase, suggesting it might take some time before the price climbs to new levels. However, if the price remains stable at its current level, it still favors buyers.
This positive trend will continue as long as the price stays above $0.15. That price point is crucial and needs to hold. Fortunately, the recent dip didn’t break below that level, indicating buyers are still in control.
Daily MACD Remains Bearish
The current market dip is likely to last until the MACD indicator starts showing positive momentum. Currently, moving averages are trending downward and the MACD histogram is negative, signaling a bearish trend. However, the MACD also hints that this downward correction might be nearing its end.
Looking at the price chart, it’s encouraging to see the histogram forming higher lows. To me, that signals that sellers are losing steam, and things could turn positive again soon – maybe even later this month. If that happens, I’m hoping to see PI finally break through the 20-cent resistance level and start climbing again. It feels like a good potential opportunity.
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2026-03-24 11:52