Pi Network: Why THESE supply zones keep PI bulls in check

Pi Network [PI] has rallied 2.03% in 24 hours, with a commensurate increase in daily trading volume to start the weekend. The team also released a technical update, allowing millions of their users, called “Pioneers”, to complete the mainnet migration.

The post also noted that Pi Network was testing palm print authentication as a beta feature. The Validator Rewards distribution was progressing as per the timeline released in December 2025.

Assessing the impact on PI sentiment

These developments did little to affect PI positively. An AMBCrypto report from November highlighted that the token faced bearish pressure. To this day, sellers continue to dominate the higher timeframes.

The CMF was at -0.06, and has not climbed above +0.05 since early December. This showed that selling pressure has been predominant, and sizable capital flow out of the PI market was the norm.

The MACD formed a bearish crossover nearly two weeks ago on this timeframe, signaling another bearish impulse move. As things stand, the momentum remains firmly bearish.

The possibility of a price bounce

Using the drop from $0.216 to $0.150 in January, a set of Fibonacci retracement levels was plotted. They showed that there was a chance of a price bounce toward $0.19-$0.20, where the 61.8% and 78.6% Fibonacci retracement levels were.

The MACD was climbing toward the zero line to show short-term bullishness, but in the past three H4 trading sessions, the Pi Network token has faced a hefty setback from the $0.173 supply zone.

Should traders look to sell?

It is unclear if PI will succeed in climbing back above $0.17 in the coming days. It is a possibility traders should remain prepared for, but the evidence at hand did not warrant anyone looking to go long, except for scalp traders.

A retest of the $0.20 retracement level will offer a much better risk-reward shorting opportunity than the current market prices. A rally beyond $0.216 is required to shift swing traders’ bias bullishly.

Final Thoughts

• Pi bounced to the $0.17 supply zone on Friday and the early hours of Saturday before witnessing a rejection.
• The higher timeframe bias remained firmly biased, and a price bounce toward $0.20 would likely be sold off.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.