PI Network (PI/USDT) Technical Outlook – Persistent Downtrend With Weak Recovery Attempts
PI continues to trade under a well-defined descending channel, reflecting sustained bearish pressure over the medium to long term. Price action shows a series of lower highs and lower lows, confirming that sellers remain firmly in control despite occasional short-term relief bounces.
After a sharp breakdown from the $0.35–$0.36 supply zone, PI failed to reclaim the 0.382 Fibonacci level near $0.3505, turning that area into a strong resistance. Recent price action shows weak consolidation near the lower boundary of the descending channel, indicating hesitation from buyers.
PI is currently trading below all major EMAs, reinforcing the bearish market structure.
PI is facing a heavy confluence of resistance levels, including:
This zone continues to cap upside attempts and limits bullish continuation.
As long as PI remains below the descending channel resistance and EMA cluster, the broader trend stays bearish. A confirmed breakout above $0.276–$0.282 would be required to trigger a short-term recovery, while a break above $0.35 would be needed to shift the mid-term structure bullish.
If buyers manage to reclaim key resistance, upside Fibonacci targets become:
$0.4108 (0.5 Fib)
$0.4710 (0.618 Fib)
$0.5568 (0.786 Fib)
$0.6660 (Fib 1.0 / macro high)
On the downside, failure to hold the current base exposes PI to the $0.199–$0.190 support zone, followed by the $0.1555 Fib zero level, which represents a major historical support.
RSI remains weak, hovering in the 35–42 range, indicating subdued momentum. A sustained RSI recovery above 45–50 would be the first signal of improving bullish strength.
📊 Key Levels
Resistance Zones
$0.2760 (0.236 Fib)
$0.2824 (R1 pivot)
$0.3248 (R2 pivot)
$0.3505–$0.3653 (0.382 Fib + supply zone)
$0.4108 (0.5 Fib)
$0.4710 (0.618 Fib)
$0.5568 (0.786 Fib)
Support Zones
$0.199–$0.190 (near S1 pivot)
$0.1555 (Fib 0 – major demand zone)
Below $0.155 → opens risk toward $0.1165
📈 RSI
35–42 → Bearish-neutral momentum
RSI reclaiming 45+ needed for trend stabilization
📌 Summary
PI remains structurally bearish, trading below all major EMAs and inside a descending channel. While short-term bounces are possible, the market requires a decisive breakout above $0.276–$0.282 to signal relief, and a reclaim of $0.35 to confirm any meaningful trend reversal. Failure to defend the $0.20 support zone would likely lead to further downside toward $0.155 or lower.
ETH Technical Outlook: Ethereum Stabilizes Above Key Support but Trend Still Capped
ETH is attempting to stabilize after a sharp sell-off that pushed price into the $2,750–$2,850 demand zone, where buyers stepped in to slow downside momentum. This area aligns with a historically strong support region and the Fib 0 level at $2,623, making it a critical zone for short-term structure.
The decline accelerated after ETH faced repeated rejection near the $3,790–$4,065 resistance range, corresponding to the 0.5 and 0.618 Fibonacci levels, confirming strong seller presence at higher prices.
ETH remains below all major EMAs:
20 EMA – $3,123
50 EMA – $3,304
100 EMA – $3,499
200 EMA – $3,451
This EMA stacking continues to cap upside moves and keeps the broader trend bearish.
The current rebound is constructive but still weak. A daily close above $3,174 (0.236 Fib) would signal early stabilization. However, trend recovery will only gain traction if ETH reclaims $3,514 (0.382 Fib) and then breaks above $3,790 (0.5 Fib).
A full bullish structure shift requires a sustained breakout above $4,065 (0.618 Fib) — a level where prior distribution occurred.
On the downside, failure to hold above $2,850 could send ETH back toward $2,623, with the next major demand zone near $2,400 if selling pressure resumes.
RSI at 47.2 shows neutral momentum, suggesting ETH is consolidating rather than trending aggressively.
📊 Key Levels
Resistance
$3,174 (0.236 Fib)
$3,514 (0.382 Fib)
$3,790 (0.5 Fib)
$4,065 (0.618 Fib)
$4,457 (0.786 Fib)
Support
$2,850
$2,623 (major Fib support)
$2,400 (extended demand zone)
RSI
47.2 — neutral, range-bound
📌 Summary
ETH is holding above a key demand zone after a steep correction, but the broader structure remains bearish as long as price stays below the $3,514–$3,790 resistance band. Bulls need a decisive breakout above $4,065 to confirm trend reversal, while failure to hold current support may reopen downside risk.