Latest Pi Network (PI) Key Price Levels: Will Support Spark a Rebound or Signal Further Drops?

Pi Network token holders enjoyed a brief bullish spell in the second week of May as the price broke out, as stated in our initial Pi price analysis in early May. The price experienced a strong rally amid buyer interest, breaking above strong resistance. This rally saw it soar through the $1.60 mark, only to be followed by a brutal downtrend, marked by lower highs and lower lows. 

Pi Network recently introduced updates to its .pi Domains Auction which was launched as part of the Pi Day 2025 announcement. These updates include a real-time statistics page, a dedicated Pi app, and an enhanced bidding interface. 

The project has also emphasized the role of gaming in fostering engagement and utility within its ecosystem, as demonstrated by the new FruityPi game app. This app integrates with Pi cryptocurrency, Pi Wallet, and Pi Ad Network, providing developers with access to community resources such as signups and attention. PI Network encourages game developers to incorporate Pi features and consider applying to Pi Network Ventures if their work gains support within the community.

In this article, we’ll analyze the PI/USDT chart to assess its current technical outlook, equipping readers with insights to make informed trading or investment decisions. 

PI Network/Tether Chart Analysis 

The PI/USDT chart on TradingView below reveals a descending channel on the 4-hour timeframe. 

Since mid-May, PI/USDT has continued its descent within a clearly defined descending channel, failing to break above any significant resistance levels. The price has declined from the $0.80 range in late May and now trades at approximately $0.55, with selling pressure mounting and lower highs forming consistently.

It is pertinent to note that while the chart shows PI locked in a bearish channel, the price experienced a swift reversal on June 13 after retesting previous lows around the $0.50 range. This reversal, backed by buying pressure, is reflected in a bullish hammer when you switch the chart to the daily timeframe. 

However, the price currently sits below the EMA 20/50/100/200 and MA 200, on both the 4-hour and daily timeframes, indicating that the bearish stronghold is still dominant. 

Potential Bullish Scenario:

The PI/USDT chart shows a potential double bottom around $0.47 – $0.50. The price has tested the lower range near $0.47 multiple times without a breakdown, hinting at potential accumulation or base-building. 

Additionally, a narrowing wedge-like structure is beginning to form. If current support level holds and buying pressure increases, a breakout above $0.60 (channel resistance and 100 EMA) could signal a bullish reversal, with upside potential toward $0.75 and possibly retesting the $1.00 zone. Traders would have to look for candlestick patterns indicating a reversal (e.g., hammer, bullish engulfing) and an increase in volume to confirm this.

While not visible on this chart, momentum indicators like RSI are likely in or near oversold territory, especially with the persistent downtrend. This could trigger a short-term relief rally.

Potential Bearish Scenario:

As previously mentioned, the PI chart remains locked in a bearish channel, with each rally getting rejected around the upper trendline. Unless the price decisively breaks above the channel, the trend remains down. 

The 20/50/100 Exponential Moving Averages (EMAs) are all sloping downward, with price trading below them all. If the descending trendline continues to act as resistance and the price remains below the key moving averages, the downtrend is likely to persist, with further price depreciation. 

Volume has remained muted through the recent sessions, hinting at a lack of buying interest to reverse the downtrend. The last significant volume spike came during the May rally—quickly sold off. 

The next major support lies around $0.47, which also aligns with the lower bound of the descending channel. A break below this zone could open the door toward $0.40 and lower, particularly if panic selling or broader market weakness sets in.

Conclusion

PI/USDT is currently trading within a bearish structure but showing early signs of base formation. Traders should watch for a break below $0.47 for bearish continuation, or a break above $0.60 leading to a potential bullish reversal. 

In the short term, risk remains skewed to the downside, but volatility around these levels could present an opportunity for aggressive swing traders.