Pi Network Jumps 16% This Week — Is a Major Pullback Coming Next?

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• Pi Network gained 16% this week, outperforming much of the crypto market.
  
• The $0.20 price zone remains a major resistance level that could trigger a reversal.
  
• A move above $0.216 could shift the broader trend bullish, while a drop below $0.185 may confirm selling pressure.

Pi Network (PI) has emerged as one of the stronger-performing altcoins this week, posting notable gains even as the broader crypto market shows mixed signals. According to market data, PI climbed roughly 16% over the past seven days and added another 5% in the last 24 hours.

The rally stands out particularly as Bitcoin (BTC) slipped around 1.4% over the same period. While PI’s short-term strength could encourage bullish traders, technical indicators suggest the momentum may not be sustainable unless key resistance levels are cleared.

Price Approaches Key $0.20 Supply Zone

On the daily chart, PI has returned to the psychologically important $0.20 area — a zone that previously acted as strong resistance.

Over the past three weeks, the token has steadily recovered from lower levels, giving speculators reasons for optimism. However, analysts warn that the move could represent a temporary rebound within a broader bearish structure rather than the start of a new uptrend.

Technical analysis shows the recent rally pushed PI toward the 78.6% Fibonacci retracement level near $0.197. Indicators such as the On-Balance Volume (OBV) and the Awesome Oscillator have both turned positive, signaling increased buying activity and improving short-term momentum.

Still, not all signals support the bullish case. The Chaikin Money Flow (CMF) has remained in negative territory for much of the recovery, suggesting that sustained capital inflows into the asset remain limited.

Short-Term Breakout Shows Bullish Momentum

On lower timeframes, the picture looks more constructive.

The four-hour chart shows PI breaking above a previous lower high near $0.1788, confirming a short-term bullish structure. The most recent higher low formed around $0.1857, indicating that buyers have gained some control in the near term.

However, resistance remains overhead near $0.2055. Unless the price can break decisively above this level, the rally could stall.

Traders watching the market closely may look for a four-hour close below $0.1857 as confirmation that selling pressure is returning. Conversely, a strong move above $0.216 could invalidate the bearish outlook on the daily timeframe and signal a potential trend shift.

Traders Face a Critical Decision Point

Despite its recent gains, PI remains in a technically delicate position. The short-term structure favors buyers, but the broader trend still leans bearish.

Also Read: Pi Network Anniversary: 16M Migrated but Price Hits $0.13 Bottom?

For traders, this creates a classic conflict between momentum and trend. If resistance holds, the latest rally may turn into a selling opportunity rather than the start of a sustained breakout.

For now, the $0.20 region remains the key battleground that could determine PI’s next major move.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.