Pi Network Price Slips 2% — Is a Trend Reversal on the Horizon, According to On-Chain Data?

Jakarta, Pintu News – Few expected it, but it really happened. On November 20, the price of Pi Network (PI) had jumped by 15% in the last 24 hours. This striking increase surprised many bears, as they had expected the cryptocurrency to drop to a new record low.

On the contrary, the Pi Network price now looks ready to challenge the downward trend that has been going on for several months. Here’s an explanation, as well as a prediction of what might happen next to the value of this altcoin.

Before discussing further, get to know Pi Network’s price movements today first!

Pi Network Price Drops 2.4% in 24 Hours

On November 21, 2025, the price of Pi Network was recorded at $0.243, a correction of 2.4% in 24 hours. If converted into the current rupiah ($1 = IDR 16,711), then 1 Pi Network is IDR 4,060. During this period, the PI price moved in a daily range between $0.2365 and $0.2601.

Read also: Ethereum Price Bleeds to $2,800: What Happened?

Pi Network’s market capitalization currently stands at around $2,016,289,377, while its fully diluted valuation stands at $3,101,983,657. In the last 24 hours, PI’s trading volume reached $79,699,009, indicating a fairly active market activity.

Pi Network Breaks the Triangle Pattern

On the 4-hour chart (11/20), the Pi Network price managed to break the upper trend line of the symmetrical triangle pattern. This signals that bullish momentum has returned, and buyers are starting to take control of the short-term trend.

The breakout is in line with the behavior of the Bull Bear Power (BBP) indicator, which shows a row of green histogram bars with increasing values.

For those who are pessimistic about the PI (bears), this development is a warning signal. The strengthening of the BBP indicates that the selling pressure is starting to lose effectiveness, making it more difficult for the bears to push the price back into the triangle pattern.

If BBP continues to print stronger green bars, it is likely that PI prices will continue to rise towards the next resistance zone. A closer look at the chart shows that the bullish side managed to hold the support level at $0.21. Moreover, the buyers have also managed to break the resistance level at $0.25.

This change in direction to a bullish trend is also supported by the Holders Sentiment indicator, which has now moved above the zero signal line. When this indicator is positive, it usually reflects increased investor interest in accumulating rather than distributing tokens.

With market sentiment improving and the bullish side successfully reclaiming key levels, Pi Network’s price has the potential to surge beyond the next resistance at $0.28.

This Altcoin Beats Bitcoin

When compared to Bitcoin (BTC), on-chain data shows that PI is currently in a superior position.

While BTC appears to be going through a consolidation phase, PI metrics show an increase in accumulation, improved sentiment, and increased liquidity flows. This relative strength suggests that the Pi Network price is outperforming BTC on a risk-adjusted basis.

Read also: Dogecoin Price Drops 2% Today: Will DOGE Hold at $0.15 or Plummet Lower?

Should this trend continue, PI could potentially maintain or even extend its lead over Bitcoin, further strengthening the bullish outlook evident on its short-term chart.

PI Price Analysis: Signs of Trend Reversal

On the daily chart (11/20), the Pi Network managed to break through a major resistance line. This breakthrough indicates that buyers are gaining momentum and bullish pressure is starting to outweigh the previous consolidation phase.

This movement was supported by a rise in Chaikin Money Flow (CMF) to 0.11, reflecting increased buying pressure.

In addition, the Supertrend indicator has also reversed into a bullish signal, with the green line being below the current price – confirming the uptrend. If these conditions hold, Pi Network’s price could potentially rise towards the $0.27 level. In a stronger bullish scenario – especially if trading volumes increase – PI could even shoot up to $0.35.

However, this outlook is highly dependent on the sustainability of the buying pressure. If the bullish side fails to maintain control, or the momentum starts to weaken, this price breakout could lose its strength. In such a scenario, the Pi Network price risks dropping back towards the support level at $0.15.

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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 (PI) Catches Bears off Guard, Ready to Erase Multi-Month Losses After 15% Jump. Accessed on November 21, 2025