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, a key support level. The recent price action suggests a potential reversal, with bullish indicators pointing to a recovery.
Technical analysis reveals a bullish engulfing candle, signaling a short-term reversal.This pattern, combined with the support from the lower Bollinger Band, strengthens the case for a price bounce. Analysts predict a significant upgrade for Pi Network in Q4 2025,which could bolster investor confidence.
- Price finds strong support at $0.22, matching Fibonacci and Bollinger band levels.
- Bullish engulfing candle hints at a reversal.
- Increased volume could push the price toward $0.26–$0.30.
The stabilization at $0.22 could mark the beginning of a new support zone. If the price holds above this level, it may move toward the $0.26 resistance. A sustained breakout above $0.26 could lead to a broader recovery,targeting $0.30.
Volume will be crucial in confirming this trend. Higher bullish volume, especially on 4H and daily charts, could shift momentum indicators like RSI and MACD to a more positive outlook. If these conditions are met, Pi Network could see a significant price rally.
