Pi Network Holds Bullish Triangle, But $0.085 Breakdown Risk Grows

The Pi Network (PI) token has fallen 15% but remains above triangle support, with a breakdown potentially exposing the $0.085 level.

Key Points:

PI is testing a diagonal support line that has already stopped several declines.

Weak A/D and MFI readings show limited buying pressure, while funding and open interest remain positive.

A break below support could expose $0.085, while a rebound would put $0.103 and $0.110 back in focus.

PI Price Support

PI has retreated toward the lower boundary of a bullish triangle, where the diagonal trendline has previously prevented three declines and helped trigger rebounds. The latest move marks another test of that structure, but price has not yet broken below it.

A confirmed breakdown would shift attention to horizontal support near $0.085. If the triangle instead holds and price eventually clears resistance, the chart identifies $0.103 and $0.110 as the next near-term upside targets.

The setup still allows for further consolidation along the support line before any decisive move. That leaves the current range intact for now.

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Market Signals

Capital-flow indicators are less supportive than the price structure. The Accumulation/Distribution indicator has moved lower, while the Money Flow Index remains below 50, a level the report identifies as necessary for a stronger bullish signal.

Those readings differ from PI’s previous visits to the same support area, when both indicators were trending higher. A move in the MFI above 50, combined with a stronger A/D reading, would suggest that buyers are returning with more conviction.

Derivatives data offer a more constructive signal. Coinalyze data cited in the report put the funding rate at 0.0050 and open interest at $2.3 million, indicating that long positioning remains present despite the recent decline.

The contrast matters because PI is holding technical support without the same capital-flow strength seen during earlier tests. On the last two approaches to this support zone, rising A/D and MFI readings accompanied the price action, making the current test less strongly backed by spot-market demand.

Mehjabeen Arsiwala

Mehjabeen Arsiwala is a journalist covering crypto news, DeFi, exchanges, trading, and market analysis. Over the past three years, she has focused on the trends and narratives shaping digital asset markets, from price action and forecasts to exchange developments and on-chain signals. She specializes in clear reporting that helps readers understand what is happening in the market and why it matters.