Pi Network price tests support as MACD momentum cools; $0.20 in focus

Pi Network price is trading around $0.1672 on Apr 15, with the daily MACD histogram printing 0.0000 for the first time since the Feb 11 all-time low at $0.1351. Traders are watching whether this “momentum exhaustion” marks the start of a base-building phase after the extended slide from $2.99 to $0.1351. On the daily chart, the SMA ribbon remains fully bearish. Key resistances sit above price: SMA20 at $0.1715 (immediate trigger), SMA50 at $0.1852, SMA100 at $0.1807, and SMA200 at $0.2029. A daily close back above SMA20 ($0.1715) is the first recovery signal and could open the door to $0.20, while the broader upside target cited is $0.2804. The technical picture is still cautious: MACD lines remain below zero (trend not yet flipped), so a shift of the histogram from 0 into positive territory on a daily close would be the cleaner confirmation for bulls. On-chain and supply factors add pressure. Approximately 230M PI tokens are scheduled to unlock over the next 30 days, and analyst @kwalaintel flagged “major structural headwind” from daily unlocks. At the same time, a whale address accumulated ~350M PI near support, suggesting selective buying but not enough yet to negate unlock-driven selling. Invalidation is clear: a daily close below $0.1351 would break the support thesis and expose a lower range with no prior reference.