Pi Network Retests 250-Day Resistance – Is a Breakout Just Around the Corner?

Jakarta, Pintu News – Pi Network (PI) continues to face pressure from a long-term resistance trend line that has been in place for over 250 days. After experiencing a decline of more than 90% from its all-time high, PI has tried several times to break through this resistance, but has not been successful.

Despite a brief recovery that gave hope to bullish investors, the current trend cannot be considered positive until PI breaks through the resistance line.

Let’s take a look at the chart and analyze whether it is possible.

Technical Analysis of Pi Network

Since reaching its highest price of $3 in February, the price of PI has continued to decline following the diagonal resistance trend line. To date, Pi Coin’s price has dropped by more than 93%. PI briefly touched an all-time low of $0.153 before bouncing upwards, forming a long downward wick (marked by the green icon).

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After the bounce, PI printed a higher low (a new lower price that is higher than the previous one) and again tried to break the resistance trend line that has been holding for more than 250 days, but still failed.

Although the breakout attempt has not been successful, the current PI price is still moving quite close to the diagonal resistance line, opening up the possibility of another breakout attempt in the near future.

If the breakout is successful, PI prices are expected to rise all the way to the next resistance level at $0.50, which has not been touched since July. However, the current momentum indicators are still not giving a clear signal whether a breakout will occur.

Although the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are showing an uptrend, they are yet to cross the bullish threshold.

RSI is currently at 50, while MACD is at 0. Both indicators did break through their resistances last week, but failed to maintain momentum as the breakout also failed.

Therefore, PI’s price prediction is still uncertain, and largely depends on whether or not the price is able to break the downward resistance trend line.

Will Pi Network Break Through Resistance?

The price movement in the 6-hour time frame (5/11/25) shows a bearish signal, indicating that PI will most likely not manage to break through resistance. This is due to the A-B-C corrective pattern (marked in red) that formed after the price bounce on October 10, where wave B formed a symmetrical triangle.

The almost equal length of waves A and C suggests that the upside movement may have been completed. Currently, the Pi Network price has fallen below the $0.225 horizontal area, which will now act as a new resistance zone.

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As long as PI has not been able to reclaim this level, its price outlook remains bearish. If the decline continues, the next closest support target is around $0.190, which was the last horizontal support zone before hitting an all-time low.

Breakout Still Unlikely

Overall, Pi Network’s current price is still below important resistance. If the breakout is successful and the price breaks the resistance, PI has the potential to go up to $0.50. However, if the momentum fails to sustain, the price is likely to retest the lower support area around $0.190, or even print a new low.

As long as the price of PI has not managed to break the diagonal resistance line, the trend tendency remains bearish.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Pi Network’s (PI) Price Gears Up For Another Attempt at Breaking Out Of 250-Day Pattern. Accessed on November 6, 2025