Pi Network price has rebounded from recent lows near $0.14 and is now trading around $0.17 on the daily timeframe. The recovery comes as momentum indicators improve and the price approaches a crucial range, signaling short-term stabilization after an extended decline. However, the move is unfolding just below a critical resistance zone close to $0.2, where previous breakdown pressure emerged.
At the same time, recent on-chain wallet transfers linked to the core team have introduced potential supply-side uncertainty into the setup. This raises the concern over the upcoming price action, whether the PI price will break above $0.2 to reach $0.22 or slip back into the bearish range.
Pi Network is currently trading near $0.170 after rebounding from recent lows around $0.14. On the daily timeframe, price has recovered toward the mid-Bollinger Band, signaling short-term stabilization following a prolonged downtrend.
However, the broader structure remains cautious. The $0.19–$0.20 zone continues to act as a key resistance area, previously serving as breakdown support. Unless this level is reclaimed decisively, the current move appears to be a relief bounce rather than a confirmed trend reversal.
The RSI has climbed back above 50, indicating improving momentum, but it has not entered bullish expansion territory. This suggests buyers are regaining control gradually, not aggressively.
Adding to the technical setup, recent on-chain data shows wallets linked to the Pi Core Team transferring significant amounts of PI tokens to exchange-associated addresses. While such transfers do not confirm immediate selling, they increase the potential for supply to enter the market. This creates short-term uncertainty, particularly as the price approaches resistance. If additional tokens are distributed near the $0.19–$0.20 supply zone, upside momentum could remain capped.
The current price action reflects a recovery attempt rather than a confirmed trend reversal. Technically, PI must reclaim the $0.19–$0.20 resistance zone with strong volume to shift momentum decisively in favor of buyers. If this materialises, a move beyond $0.23 could be imminent, which is the major resistance to achieve.
However, the momentum may fade for a while around this range, but if the bulls manage to reclaim the levels after a brief correction, reaching $0.3 may not be a tedious job for the Pi price rally.
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