Pi Network (PI to USD): Increasing technical warning signs – 1.9 million PI on exchanges indicates selling readiness

Momentum cools down: Indicators show early signs of fatigue

The price of Pi Network is trading just above the psychological level of $0.20 on Thursday. The current quote is at $0.21, down 0.44% in the past 24 hours – a sideways trend that appears fragile. The chart shows early cracks in the upward momentum: The RSI value is at 48, already below the 50 line. This specifically means: Sellers are gaining influence, and there is still plenty of room for further decline before an overbought situation truly develops.

Even more concerning is the MACD development. The indicator is moving sideways, with the green histogram bars steadily decreasing – a classic sign that bullish strength is waning. If a crossover below the signal line occurs, it would be a clear sell signal for position traders.

Chain Analysis: 1.9 million PI leaving wallets – a classic precursor scenario

Network data paint an interesting picture: In the past 24 hours, around 1.90 million PI tokens have been transferred to centralized exchanges (CEXs). This is not just a number – it’s a fingerprint of market behavior. Investors who want to hold long-term typically store their holdings in personal wallets. Those planning to sell, however, must first go through the exchange onramp. These massive CEX inflows strongly suggest that a supply side is waiting for quick liquidity.

If this trend continues, any short-term recovery could quickly be sold off again – a classic pattern in bear markets.

Technical Levels: Where support might hold – and where it becomes critical

The 20-day EMA at 0.2092 currently acts as the upper resistance territory. PI retreated from the 50-day EMA at 0.2166 and was rejected there – a typical “rejected from above” scenario, where the longer-term moving average provides resistance once again.

Support zones:

• 0.1996 USD – the low from October 11, directly at the 0.20 mark
• 0.1842 USD – the low from September 22, the next “real” support level if the 0.20 level is broken

Resistance zones for relief scenarios:

• Above 0.2166 USD – the 50-day EMA needs to be reclaimed, after which a move toward 0.2295 USD could follow (this level was last tested on December 5)

Conclusion: Pi Network is at a critical juncture. Technical chart analysis signals weakness, while on-chain data indicate increased selling pressure. Traders should keep a close eye on the 0.20 mark – a break below could quickly trigger further declines.