Pi Network (PI) is trading near its yearly lows as the market shows extreme oversold conditions, raising hopes for a potential rebound. The token has slipped below the key $0.35 support, which has now flipped into resistance, but buyers are stepping in to defend the $0.26 high-confluence support zone.
Technical indicators suggest that momentum could soon shift. The Relative Strength Index (RSI) is flashing extreme oversold signals, a setup that has historically preceded sharp recoveries for Pi Network. Analysts note that if bulls can establish a strong base at $0.26 with multiple daily closes above this level, the token could stage a rally toward the $0.35 resistance — and possibly higher if trading volume increases.
On the other hand, failure to hold $0.26 could drag the price lower, leaving Pi vulnerable to further bearish pressure despite recent network upgrades, including its new DEX and AMM rollout.
For now, Pi’s price action remains on edge. The next few sessions will determine whether this is the beginning of a structural bottom or just a pause before another leg down.
Summary
- Current price trend: Trading around $0.26 support after losing $0.35.
- Key technical signal: RSI oversold — potential setup for reversal.
- Bullish case: Holding $0.26 base could spark rally back toward $0.35.
- Bearish case: Losing $0.26 exposes lower supports and deeper downside.
