Pi Network Poised for Potential Reversal as Price Hovers Near $0.26 Support
pi Network (PI) is currently trading near its lows, with the Relative Strength Index (RSI) indicating extreme oversold conditions. This setup suggests a possible bullish reversal coudl be on the horizon.
The price recently broke below the $0.35 support level, wich has now become a resistance point. However,bulls are defending the $0.26 support zone, were price action is attempting to stabilize. this area is notable due to its high-confluence support, making it a potential base for a recovery.
The RSI’s extreme oversold reading is a key bullish factor. Historically, similar RSI conditions on Pi Network have led to sharp recoveries. If buyers gain control,Pi could rally back toward the $0.35 resistance.
- Pi Network lost $0.35 support, now acting as resistance.
- Price is forming a base around $0.26 support.
- RSI is extremely oversold, hinting a potential bullish reversal.
