Pi Network (PI) At Crossroads: Can Holders Defend This Fibonacci Support Level?

Pi Network finds itself at a pivotal technical moment. Currently trading at $0.18 following a 4.90% decline over the past 24 hours, the token is testing critical support zones that will determine whether buyers can establish a genuine recovery foundation.

Multiple Indicators Flash Green Signals

The technical picture shows encouraging developments. MACD momentum has shifted decisively—the convergence divergence line has crossed above its signal line, marking the end of nearly three weeks of sustained downward pressure. This bullish alignment typically precedes renewed upside momentum, particularly when accompanied by accumulation activity.

Capital flow dynamics reinforce this optimistic reading. The Chaikin Money Flow indicator has flipped from outflows to inflows over the last 24 hours, with CMF now positioned above the zero baseline. This reversal in fund movement suggests conviction is returning among Pi Network holders, moving away from panic selling toward tactical positioning.

The $0.213 Fibonacci Level Becomes The Battleground

Pi Network trades just shy of the $0.213 resistance, a level that holds special significance. This price point represents the 23.6% Fibonacci retracement—a natural technical target that often determines trend direction continuation. Successfully defending or reclaiming this Fibonacci zone would validate the emerging technical recovery setup.

Should bulls establish $0.213 as a new support floor, the next resistance target emerges at $0.224. If momentum continues attracting fresh buying pressure, PI could extend further upside, with the strength of inflows determining how far the rally can stretch.

Downside Risks Loom If Support Cracks

The bearish scenario remains plausible. If selling resurfaces and breaks the current $0.207 support level, Pi Network would encounter initial buying interest around $0.199. A decisive close below this zone would expose $0.188, triggering further capitulation and negating the current bullish narrative entirely.

The recovery thesis hinges on whether capital inflows remain consistent. Short-term speculative interest won’t sustain a rally—only sustained demand can build a durable recovery structure for Pi Network.