Pi Network has established a clear double bottom at $0.21, with bullish volume defending support twice. A breakout above $0.23 may trigger a relief rally to $0.25.
Pi Network Price Key Technical Points
- •Major Support Confirmed: The $0.21 region has been defended twice with bullish volume, forming a potential double-bottom structure.
- •Next Immediate Level: A reclaim of the $0.23 swing high is required to confirm continuation.
- •Upside Target: A clean break above $0.23 opens the probability of a move into the $0.25 resistance zone.
Price action on Pi Network has shown early signs of structural strength after multiple attempts to break lower were rejected at $0.21. Both retests came with rising volume, a key signal that buyers are defending the level rather than price simply stabilizing due to lack of selling pressure. This suggests that $0.21 now acts as a structural value area low, and as long as candles continue closing above it, demand remains intact.
The next major region of interest sits at the swing high of $0.23. This level acted as resistance after the most recent bounce and now represents the neckline of the double-bottom formation. A decisive candle close above $0.23, ideally supported by further volume expansion, would confirm the bullish pattern and set the stage for continuation higher.
From a technical perspective, any sustained price action above $0.22 reinforces the bullish thesis. Above this threshold, the likelihood of rotation into the $0.25 resistance region increases significantly. The $0.25 level is not only a round-number psychological zone but also aligns with a key imbalance area where previous selling pressure originated. A move into this level would represent a 15–18% relief rally from the defended support.
The double bottom itself is still forming, and confirmation only occurs once the neckline breaks. However, the defense of support over two separate attempts provides meaningful evidence of accumulation at lower levels. The structure mirrors similar behavior observed before relief rallies earlier in Pi’s trading history, where price flattened, volume increased, and upside expansion followed shortly after.
What to Expect in the Coming Price Action
If Pi Network maintains strength above $0.22 and breaks through $0.23 with volume, the double-bottom confirmation unlocks a high-probability move toward $0.25.
A failure to hold above $0.21 would invalidate this structure and re-expose lower liquidity zones.