Pi Network Holds Above $0.1500 as CEX Outflows Rise
Pi Network (PI) is holding above $0.1500, up around 2% in the past 24 hours, as the article links the move to rising Centralized Exchange (CEX) outflows. PiScan data cited a steady exchange-reserve decline (about 400,000 PI withdrawn in 24 hours), which can reduce near-term sell pressure.
However, the latest technical picture remains cautious. PI faces resistance near $0.1550 and is still below key moving averages on the 4-hour chart (below the 50-period EMA around $0.1573 and far below the 200-period EMA near $0.1680). Momentum is mixed: MACD is improving but still below the zero line, while RSI is near 50.
Traders may need confirmation. A clean break and hold above $0.1550 would support a recovery attempt. On the downside, losing the $0.1463 support (Tuesday’s low) could trigger renewed weakness and a retest risk toward roughly $0.1310.
Neutral
CEX outflows appear to be reducing immediate sell pressure on Pi Network, supporting price above $0.1500 and creating a mild bullish bias. Yet the latest technical structure remains capped below $0.1550 and still trades under the 50- and 200-period EMAs on the 4-hour chart. With MACD still below the zero line (even if rising) and RSI only near neutral, momentum recovery is not fully confirmed. Net impact on PI is therefore mixed: positive for downside relief in the near term, but not strong enough to flip the trend until a clear break above $0.1550 occurs and resistance gives way.