Pi Network Poised for Rebound Near $0.22
pi Network (PI) is showing signs of stability around the $0.22 mark. This price point aligns with the 0.618 Fibonacci retracement level, a key support zone. The recent price action suggests a potential shift in market sentiment.
After a period of decline, Pi Network has found a foothold. The price has bounced off the $0.22 level, wich is also supported by the lower Bollinger Band. This confluence of support signals a strong base for a possible rebound.
A bullish engulfing candle on the 4-hour chart further supports this view. This pattern often indicates a reversal,suggesting that buyers may be regaining control. If this trend continues, Pi Network could move towards $0.26 and beyond.
- Price is holding at the 0.618 fibonacci level around $0.22.
- A bullish engulfing candle hints at a short-term reversal.
- The lower Bollinger Band aligns with the $0.22 support,reinforcing its strength.
For a sustained rally, increased buying volume is crucial. If Pi Network can maintain support at $0.22 and see higher volume, it could signal a shift to a more bullish trend. Analysts predict a significant upgrade for Pi Network in Q4 2025, which could boost investor confidence.
Looking ahead, if Pi network breaks above $0.26, it could open the door for a broader recovery. The next resistance zone is around $0.30. Traders should watch for volume increases and technical confirmations like RSI and MACD to validate this potential move.
