Pi Network price indicates bullish accumulation as reversal pattern forms

Pi Network price action is forming a bottoming structure around $0.33, supported by strong volume and high-time-frame structural support. A breakout toward $0.44 resistance depends on sustained bullish inflows.

Pi Network (Pi) has been consolidating for several months, carving out a rounded-bottom pattern that signals potential accumulation. Price action continues to respect the $0.33 support region, which has acted as a critical floor. With the point of control repeatedly tested and defended, demand appears to be present, but volume inflows will be the key catalyst for acceleration higher. An unidentified large holder is also steadily accumulating Pi tokens, further underscoring the buildup of demand at these levels.

Pi Network price key technical points

• $0.33 Support Zone: Critical high-time-frame support holding for months.
• Rounded Bottom Structure: Suggests accumulation before expansion.
• Next Resistance: $0.44 stands as the immediate upside target.

The $0.33 support zone remains pivotal for Pi Network. Over the past few months, this level has repeatedly held, allowing price to consolidate and form a rounded bottom. The point of control has been “hugged” by price action, showing that participants are actively defending this region and willing to absorb sell pressure.

From a market-structure perspective, this signals that buyers are gradually building a base. However, the overall bearish structure of lower highs remains intact. For a true reversal, Pi Network must generate impulsive upside candles that break through this downtrend.

Volume remains the deciding factor for whether this rounded bottom develops into a breakout. While accumulation appears present, bullish nodes and inflows are required to accelerate the move toward resistance at $0.44. Pi Network upgraded its blockchain to a new testnet version, set to progress from 20 to 23 over coming phases, a development that could add momentum if coupled with stronger inflows. Without this confirmation, price risks prolonged sideways trading within its current base.

Previous attempts to reclaim resistance have failed due to insufficient demand, but the persistence of support at $0.33 suggests sellers are losing control. If volume inflows arrive, the setup favors rotation higher.

What to expect in the coming price action

Pi Network is forming a constructive bottoming pattern, but confirmation depends on volume. Traders should watch for impulsive candles that break the lower-high structure, as this would signal the activation of a larger bullish reversal. As long as $0.33 holds, the bias leans bullish, with $0.44 resistance the first major target for expansion.