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Pi Network price outlook: downtrend persists but critical support holds
Pi Network (PI) has been moving inside a sustained downtrend, characterized by lower highs and lower lows on successive timeframes. Despite recent positive protocol news — most notably the Stellar protocol 23 upgrade — market participants have not yet shown clear bullish conviction. Shorter-term moving averages are compressing price action to the downside and repeatedly capping recovery attempts, reinforcing the prevailing bearish market structure.
Technical structure and recent price action
Price broke below the point of control (POC) and rotated toward the value area low, signaling strong distribution pressure. A transient bounce failed to reclaim the POC on a backtest, which left the broader trend biased to the downside. Today PI is testing a key swing low near $0.33 — a level that has acted as support on prior attempts and now serves as the immediate line in the sand.
Why $0.33 matters: triple bottom possibility
If Pi can defend the $0.33 zone for a third time, a textbook triple bottom setup could emerge. In crypto markets, a validated triple bottom often provides a reliable base for longer-term reversals when it is accompanied by on-chain or order-flow accumulation within a defined range. Should accumulation develop between $0.33 and the POC, the odds of a trend flip materially improve.
Reclaiming the POC: the trigger for bullish continuation
From a market auction perspective, reclaiming the point of control after defending the value area low typically allows price to rotate back toward the value area high. For Pi Network, a successful reclaim of the POC would be the most credible short-term trigger for bullish continuation, with the next meaningful upside target aligning with the downtrend resistance near $0.85.
Risks and scenarios to watch
Traders should monitor moving averages, volume during any rebound, and whether accumulation occurs inside the $0.33–POC range. A failure to hold $0.33 would likely extend the downtrend and target lower support levels, while a POC reclaim and rising volumes would increase probability of a sustained recovery. Keep an eye on fundamental catalysts as well — protocol upgrades and network metrics can amplify technical setups for the Pi token.
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