Pi Network Darts Through $0.20 Resistance as AI-Powered KYC Sparks Fresh Interest
Market Structure Shifts Higher
- The price of Pi has risen above $0.20 for the first time in several weeks, and it is currently trading at $0.1995.
- A recent overhaul of its onboarding procedures using artificial intelligence has seen the network on-boarding clients at a vastly increased rate.
- Although this has raised legal concerns, particularly over a lawsuit playing out in the background, bulls are now guarding the higher lows they have set by retaking the critical psychological level.
Pi Network made a decisive breakthrough above the $0.20 resistance area this week, ramping up from nearby lows around $0.19 as news of the project’s migration to AI KYC verification process fueled demand among investors. The coin is now trading at $0.1995, a big mental win for buyers despite the -12.19% monthly drop that resulted in last month’s slump from $0.227. The real test for traders is whether the uptrend will continue above $0.20, given the upcoming large token unlocks and the $10 million fraud litigation that poses a major headline risk.
| Metric | Value |
|---|---|
| Asset | PI (PI) |
| Current Price | $0.20 |
| Weekly Performance | -9.40% |
| Monthly Performance | -12.19% |
| RSI (Relative Strength Index) | 32.9 |
| ADX (Average Directional Index) | 22.8 |
| MACD (MACD Level) | -0.01 |
| CCI (Commodity Channel Index, 20-period) | -96.50 |
Momentum Resets to 32.88 After Testing Multi-Month Lows
The Relative Strength Index is a momentum oscillator that measures whether an investment is currently overbought or oversold. It works by comparing the size of recent gains to recent losses to determine whether a given asset may be due for a correction in the short term. RSIs HORIZONTAL LINES BUY SIGNALS”This is why I added at 0.18 , cause those are limit orders on my now nano “Empty your bags …RSI above 35 , then it will nicely keep the 20MA as support til the golden cross…CALL NOW !”
Therefore, it seems very likely that swing traders will provide Pi with the short-term relief bounce we’ve been anticipating. The dump likely obliterated any remaining sell pressure, so the time for a C wave/bounce is now. While .02 looks “possible,” we do not expect a final 5th wave to drive this deep. Everything looks primed for our new position as a medium-long-term holder to have the opportunity of a lifetime. 😉
ADX at 22.79 Signals Shift From Extreme Selling to Consolidation Phase
When we look at trend strength. The ADX is currently reading 22.79 with selling pressure (−DI) at 29.70 in control of buying interest (+DI) at 17.23. This remains a cooler reading than last week’s overheated numbers indicating the waterfall decline is over. We’ll typically experience two-way price action at this level as we transition from panic liquidation to more equilibrium market structure.
In simple terms, the ADX is suggesting a transition from strong bearish movement to a possibly ranging environment. The litigation news prompted the uptrend to begin with, but now other AI KYC news is neutralizing that. So, the confidence in direction is weakening. Range players can get ready to bounce back and forth off support / resistance at $0.19 and $0.21 as the market absorbs and responds to the new information.
20-Day EMA at $0.216 Becomes First Major Resistance After Price Reclaims $0.20
The 10-day EMA ($0.208) becomes the inflection point if we fail to get traction, followed by the 100-day ($0.193), which essentially defines the lower range of the past month. Should we break upwards, the 50-day ($0.229) and 200-day moving average ($0.240) converge and present a critical resistance that would serve as the next target.
The most immediate challenge is the 50-day EMA at $0.229, which rejected advances multiple times during December’s distribution phase. Former support now turns to a red line that bears will defend aggressively. This is the key battleground for next week’s price action. Most notably, the 100-day EMA is at $0.268. This level is still steadily declining and would require an increase of 40% from current prices to reach.
Resistance Stacks Between $0.216 and $0.241 as Bulls Face Heavy Unlock Pressure
There are many sellers above the current price, and they are positioned exactly where the token unlock event is implemented. The token’s immediate resistance is around $0.216 20- day EMA to $0.222 (last week’s high). The monthly pivot is at $0.241, which is the maximum upper target it can reach in the short term. These resistance levels are important as a lot of token unlocks are due around the same time, which would likely create selling pressure at these levels.
Buyers seem to be accumulating in the right manner, with consistent but not excessive strength. Lower timeframes are now producing S1, meaning that it will likely remain the maximum low for any consolidation. Seeing a static accumulation range and higher low up to the pivot gives bulls room to play with.
Market structure is showing an intriguing disconnect – as price continued to print lower lows throughout the month of December, the fact that $0.20 was recently taken back hints at the increasing aggressiveness from buyers at these cheap levels. The AI KYC storyline fundamentally supports this technically, albeit with the $10 million lawsuit unknown side-lining most until a proper sense of direction is registered. This is your standard accumulation type set-up where smart money gets in whilst no-one is looking.
Bulls Need Sustained Close Above $0.229 to Confirm Trend Reversal
If Pi can manage to secure a daily close above the 50-day EMA at $0.229, the technical outlook turns significantly positive, with $0.268 (100-day EMA) likely becoming the next target. The AI-driven KYC upgrades serve as the functional driver for this and could help increase the pace of user acquisition and overall ecosystem expansion in light of legal risks.
The support and resistance levels will not be matched by any kind of SLA. If price finds a mid between that. Then it’s free to retest its larger levels then that. If price gets too vertical, and refuses new demand. Then the price gets locked in time while the old coins get burned.
Considering the oversold bounce mechanics and conflicting fundamental stories, Pi probably ranges in the $0.19-$0.22 area for a while as investors factor in the AI KYC positives versus adds and litigation threats. The monthly RSI low at 25.27 implies most of the liquidation is over, but a true rally holds below the $0.229 zone.
