Pi Network’s Price Dips: Will $0.20 Be Next? 🚩

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The Pi Network price, once as lively as a squirrel on a caffeine rush, now looks more like a deflated balloon. Distribution’s here, and it’s not invited. 🐦‍⬛

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Pi Network recently failed to sustain a breakout above its high-time-frame resistance, creating one of the clearest early signals of distribution forming across the chart. The rejection pushed price back inside the trading range, where a large bearish engulfing candle confirmed that sellers remain firmly in control. 🧙‍♀️

The lack of bullish follow-through during the breakout attempt showed that demand was insufficient once price moved outside the range, resulting in an immediate reversal and aggressive reentry into the range. Because nothing says “I’m in charge” like a bear hug. 🐻

This reentry brought price back toward the point of control, the level that historically acts as the midpoint of trading activity. While Pi Network has shown a minor bounce from this area, the reaction has been weak, and bullish momentum has not built meaningfully. 🧠

This comes even as Pi Network asserts MiCA compliance in pursuit of regulated EU exchange listings, a development that has yet to influence short-term price behavior. 🇪🇺

Price continues to struggle below the 0.618 Fibonacci retracement level, which currently serves as a local resistance zone just below the broader $0.25 level. The confluence of these resistances puts downward pressure, reducing the likelihood of a sustained recovery. 🚧

The next significant support lies at the value area low, which aligns closely with the $0.20 region. This area represents the lower boundary of the current trading range and acts as a structural anchor for price. If Pi Network loses the point of control on a daily closing basis, a rotation toward this value area low becomes the most likely scenario. 🧭

Importantly, liquidity remains resting below the $0.20 region, which increases the incentive for price to wick or move aggressively into this zone. The current bearish structure, combined with weak buying pressure and repeated failures to reclaim key resistances, suggests that the market may be gearing up to take that liquidity. 🧺

This vulnerability is amplified by concerns over whether the upcoming 190 million token unlock could trigger an even sharper decline in Pi Network’s price. 🚨

Price action has consistently printed lower highs across the short-term time frames, further confirming that momentum remains tilted to the downside. 📉

What to expect in the coming price action

If the point of control fails on a closing basis, Pi Network is likely to rotate toward the value area low near $0.20. Only a strong reclaim of resistance and increased bullish volume would invalidate this bearish trajectory. 🐻‍❄️

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2025-12-03 17:41