Current Price Context

Pi Network (PI) is trading around $0.20–$0.23 today, showing sideways to slight bearish movement. The price has been under pressure and trading lower compared to recent weeks, indicating weaker momentum in the short term.

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Support Levels (Key Buy Zones)

These are the common areas where price may find demand and bounce:

Support 1: ~$0.2174 — a near-term support that has seen recent buying interest.

Support 2: ~$0.2131 — deeper support if the first level breaks.

Strong Support: ~$0.2085–$0.2050 zone — this is a stronger demand area that has acted as a psychological floor.

Critical Lower Area: ~$0.20 — if price closes below this zone, it signals stronger bearish momentum.

Interpretation: A bounce from these support areas would be short-term bullish, especially if price rebounds with volume. A break below the strong support would increase selling pressure and open room for deeper declines.

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Resistance Levels (Key Sell Zones)

These are areas where selling pressure is likely and price may struggle to break through:

Resistance 1: ~$0.2260–$0.2280 zone — immediate overhead resistance where price has been rejected several times.

Resistance 2: ~$0.2350 — the next resistance above the first zone.

Higher Resistance: ~$0.25 to $0.28 — a broader resistance cluster if PI gains strength.

Interpretation: These resistance levels need clean breakouts with strong volume for bulls to regain control. Repeated failure at these levels can result in more consolidation or downside pressure.

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Trend & Technical Bias

Short-Term Trend: Slightly bearish to neutral, as price has faced repeated resistance and is trading below key moving averages according to trading indicators.

Momentum: Technical indicators show more bearish signals than bullish, indicating weak buying pressure at present.

Market Structure: Recent price action suggests a compression or triangle pattern. A breakout from this pattern can signal the next directional move.

Bias: On a daily basis, PI’s bias is slightly bearish until support near $0.208–$0.205 holds. If price falls below this, the next target could be lower support or trend continuation. On the upside, break of $0.228 and then $0.25 would shift short-term bias bullish.

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Key Levels to Watch Today

Short-term pivot focus:

Bullish scenario: if PI closes above $0.228–$0.235 with strong volume → momentum shift and potential move toward $0.25–$0.28 zone.

Bearish scenario: if PI falls and closes below $0.205 → deeper correction with risk of testing lower support zones.

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Summary

Support: ~$0.2174, $0.2131, ~$0.2085–$0.2050.
Resistance: ~$0.2260–$0.2280, ~$0.235, and higher resistance at ~$0.25–$0.28.
Trend: Short-term neutral to bearish unless critical support holds.
Bias: Slightly bearish at present; bullish above key resistance breakouts