Pi Network dey hold above $0.1500 as CEX outflows dey rise
Pi Network (PI) dey trade above $0.1500, don rise about 2% for di last 24 hours, as di article connect di move to rising Centralized Exchange (CEX) outflows. PiScan data show steady exchange-reserve decline (around 400,000 PI withdraw for 24 hours), we fit reduce short-term sell pressure.
But di latest technical picture still cautious. PI dey face resistance near $0.1550 and still under key moving averages on di 4-hour chart (below di 50-period EMA around $0.1573 and well below di 200-period EMA near $0.1680). Momentum mixed: MACD dey improve but still below di zero line, while RSI dey near 50.
Traders fit need confirmation. A clean break and hold above $0.1550 go support recovery attempt. For downside, if e lose di $0.1463 support (Tuesday low) e fit trigger renewed weakness and risk of retest toward about $0.1310.
Neutral
CEX outflows dey reduce immediate sell pressure for Pi Network, dey help keep price above $0.1500 and create small bullish bias. But the latest technical structure still dey capped under $0.1550 and e still dey trade below the 50- and 200-period EMAs for the 4-hour chart. With MACD still below the zero line (even if e dey rise) and RSI just near neutral, momentum recovery never fully confirmed. So the net impact on PI na mixed: good for giving short-term downside relief, but e no strong enough to flip the trend until clear break above $0.1550 happen and resistance fall.