Technical Review of PI: Price is compressing near the support level of the range as the market awaits direction



PI remains in a prolonged consolidation phase after a sharp corrective decline from highs of $0.28. The price is currently stabilizing above the support zone of $0.200–$0.205, where repeated demand has prevented further decline. Despite this stabilization, PI continues to trade below key Fibonacci and EMA resistance levels, keeping the overall structure neutral to bearish.

Current price action indicates range compression and decreasing volatility as the market awaits a breakout in either direction.

EMA Structure (Bearish, Flat-setup)

20 EMA: 0.2079

50 EMA: 0.2137

100 EMA: 0.2402

200 EMA: 0.3604

PI is trading below all major EMAs, with the 20 and 50 EMAs acting as immediate resistance overhead. The flat nature of the short-term EMAs reflects a lack of momentum, confirming current consolidation rather than trend continuation.

A structural shift will require a price return and hold above the 0.214–0.228 EMA/Fibonacci levels.

Fibonacci and Price Structure

Fib 1.0: 0.2843

0.786 Fib: 0.2645

0.618 Fib: 0.2490

0.5 Fib: 0.2381

0.382 Fib: 0.2272

0.236 Fib: 0.2137

Fib 0: 0.1919

PI remains confined below the 0.236 Fibonacci level, confirming that recent upward attempts are corrective. The range of $0.20–$0.205 continues to serve as a strong accumulation base, while supply is positioned between $0.213–$0.228.

Breaking below $0.20 will open the path to the support level of 0.192, while a clean breakout above $0.228 could allow movement toward higher retracement levels.

RSI Index and Momentum

RSI is currently trading in the 43–48 zone, indicating neutral to weak momentum. The indicator reflects consolidation conditions, with neither buyers nor sellers demonstrating strong control at this stage.

📊 Key Levels

Resistance

$0.213–$0.215 (0.236 Fib & 20 EMA)

$0.227–$0.228 (0.382 Fib)

$0.238–$0.249 (0.5–0.618 Fib zone)

Support

$0.205–$0.200 (Support range / demand zone)

$0.192 (Fib 0, structural support)

RSI: 43–48 — neutral, within the range

📌 Summary

PI is trading within a narrow consolidation range above $0.20, with limited downward momentum but with the upper boundary below $0.228. The overall trend remains corrective, and current price action leans more toward range trading than trend continuation.

A sustained breakout above $0.228–$0.238 will signal an improvement in structure, while losing the $0.20 level is likely to pressure prices downward toward $0.192.
PI-5.72%
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PI Technical Outlook: Price Compresses Near Range Support as Market Awaits Direction

PI remains in a prolonged consolidation phase after a sharp corrective decline from the $0.28 highs. Price is currently stabilizing above the $0.200–$0.205 support zone, where repeated demand has prevented further downside. Despite this stabilization, PI continues to trade below key Fibonacci and EMA resistance, keeping the broader structure neutral-to-bearish.

The current price action suggests range compression, with volatility declining as the market awaits a directional breakout.

EMA Structure (Bearish, Flat Bias)

20 EMA: 0.2079

50 EMA: 0.2137

100 EMA: 0.2402

200 EMA: 0.3604

PI is trading below all major EMAs, with the 20 and 50 EMA acting as immediate overhead resistance. The flat nature of short-term EMAs reflects a lack of momentum, confirming ongoing consolidation rather than trend continuation.

A structural shift would require price to reclaim and hold above the 0.214–0.228 EMA/Fib zone.

Fibonacci & Price Structure

Fib 1.0: 0.2843

0.786 Fib: 0.2645

0.618 Fib: 0.2490

0.5 Fib: 0.2381

0.382 Fib: 0.2272

0.236 Fib: 0.2137

Fib 0: 0.1919

PI remains capped below the 0.236 Fibonacci level, confirming that recent upside attempts are corrective in nature. The $0.20–$0.205 range continues to act as a strong accumulation base, while supply is layered between $0.213–$0.228.

A breakdown below $0.20 would expose PI toward the $0.192 structural support, while a clean breakout above $0.228 could allow a move toward higher retracement levels.

RSI Momentum

RSI is currently trading around 43–48, indicating neutral-to-weak momentum. The indicator reflects consolidation conditions, with neither buyers nor sellers showing strong control at this stage.

📊 Key Levels

Resistance

$0.213–$0.215 (0.236 Fib & 20 EMA)

$0.227–$0.228 (0.382 Fib)

$0.238–$0.249 (0.5–0.618 Fib zone)

Support

$0.205–$0.200 (range support / demand zone)

$0.192 (Fib 0, structural support)

RSI: 43–48 — neutral, range-bound

📌 Summary

PI is trading in a tight consolidation range above $0.20, with downside momentum contained but upside capped below $0.228. The broader trend remains corrective, and price action currently favors range trading rather than trend continuation.

A sustained breakout above $0.228–$0.238 would signal improving structure, while a loss of $0.20 would likely trigger renewed downside pressure toward $0.192.

$PI
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