Pi Network price stabilizes at $0.20 after an oversold bounce, with buyers defending high-time-frame support. Can this level ignite a sustained bullish recovery?
Summary
- $0.20 confirmed as major high-timeframe support with an SFP setup.
- Holding this level supports a bullish rotation toward $0.26 resistance.
- Consistent bullish volume is key for sustained upside momentum.
Pi Network’s (PI) price has found stability near the $0.20 support region following a strong oversold bounce. The recent recovery stems from a confirmed Swing Failure Pattern (SFP), where price swept the previous low before reversing. This pattern has drawn attention from traders, as it often signals the exhaustion of a sell-off and the potential start of a reversal.
With several potential catalysts on the horizon that could reignite bullish momentum in Pi Network, market participants are watching closely to see if the recovery can extend beyond this key support region.
Pi Network price key technical points
- high-Timeframe Support: $0.20 serves as a major structural support level where demand continues to hold.
- SFP Confirmation: The sweep of the prior low confirmed an SFP setup, signaling buyer re-entry.
- Upside Targets: A sustained hold above $0.20 could lead to a move toward the value area low and eventually the 0.618 Fibonacci resistance.
The swing-low formation at $0.20 initiated a decisive oversold bounce after price took out a key historical low. This move confirmed a swing failure pattern, a technical setup where liquidity is captured below support before a sharp rebound occurs. The presence of multiple daily closes above the $0.20 region reinforces that this area is now acting as a valid support zone.
From a structural standpoint, the consolidation above $0.20 demonstrates that demand has returned to the market. If this level continues to hold over the coming days and weeks, it increases the probability of a gradual rotation toward higher resistances.
The next critical region lies around the value area low, which aligns with an important volume cluster and serves as the first test for bullish continuation.
A successful reclaim of this resistance would position the Point of Control (POC) as the next technical magnet, which coincides with the 0.618 Fibonacci retracement level. If price action reaches and maintains momentum toward this zone, it would confirm that the $0.20 level has established a firm market bottom.
However, current volume inflows remain modest. For the move to materialize meaningfully, bullish volume must build consistently to confirm buyer participation. Without rising volume, the setup risks resolving into a sideways accumulation range rather than a full bullish reversal.
What to expect in the coming price action
As long as Pi Network holds above the $0.20 high-time-frame support, the bias leans cautiously bullish. A continued series of daily closes above this level would confirm stability and increase the probability of a rotation toward higher resistances.
