#PI Technical Analysis of PI: Price consolidating near support zone, market awaits direction

PI remains in a continuous consolidation phase, after experiencing a sharp correction from the peak at $0.28. Currently, the price stabilizes above the support zone of $0.200–$0.205, with repeated buying demand preventing further decline. Nevertheless, PI is still trading below key Fibonacci and EMA resistance levels, with the overall structure leaning neutral to bearish.
Current price action shows range contraction, reduced volatility, and the market is waiting for a breakout direction.
EMA Structure ( Bearish, Consolidation )
20 EMA: 0.2079
50 EMA: 0.2137
100 EMA: 0.2402
200 EMA: 0.3604
PI is trading below all major EMAs, with the 20 and 50 EMAs acting as short-term resistance levels. The flat short-term EMAs reflect a lack of momentum, confirming that the current phase is consolidation rather than trend continuation.
A structural shift will require the price to rebound and stay above the EMA/Fibonacci levels of 0.214–0.228.
Fibonacci and Price Structure
Fib 1.0: 0.2843
0.786 Fib: 0.2645
0.618 Fib: 0.2490
0.5 Fib: 0.2381
0.382 Fib: 0.2272
0.236 Fib: 0.2137
Fib 0: 0.1919
PI remains constrained below the Fibonacci 0.236 level, confirming that recent upward attempts are corrective. The $0.20–$0.205 range continues to serve as a strong accumulation zone, with supply mainly concentrated between $0.213–$0.228.
Breaking below $0.20 would open space toward the support level at 0.192, while a clear break above $0.228 could push the price higher to retracement levels.
RSI and Momentum
The RSI is currently in the 43–48 range, indicating neutral to weak momentum. The indicator reflects a consolidation state, with neither buyers nor sellers holding a clear advantage at this stage.
📊 Key Levels
Resistance
$0.213–$0.215 ( 0.236 Fib & 20 EMA )
$0.227–$0.228 ( 0.382 Fib )
$0.238–$0.249 ( 0.5–0.618 Fib zone )
Support
$0.205–$0.200 ( Support/Demand zone )
$0.192 ( Fib 0, structural support )
RSI: 43–48 — Neutral, range-bound fluctuations
📌 Summary
PI is trading within a narrow consolidation range above $0.20, with limited downside momentum, but resistance above $0.228. The overall trend remains corrective, with current price action more inclined to trade within the range rather than trend continuation.
Persistent breakthroughs above $0.228–$0.238 would indicate structural improvement, while a breakdown below $0.20 could trigger a new downward pressure targeting $0.192.