Key Takeaways
- Pi holds the key $0.087 retest.
- $0.100–$0.103 remains the immediate rejection zone.
- Fresh volume is needed for continuation.
- Broader trend remains firmly pointed lower.
As a crypto investor, I’m watching Pi Network closely because they’re rolling out an update today, July 22nd. It could be a good moment – the token is way down from its peak, over 90% actually, and seems to be bouncing between key price levels that might act as support and resistance. This upgrade doesn’t *guarantee* a price increase, but combined with where Pi’s currently trading, it definitely has my attention.
The Recovery Has Already Met Its Target
The recent price increase started after a dip between $0.070 and $0.072, where a large amount of selling pressure was handled without the price falling further. This created a pattern suggesting a potential rise to around $0.10, which happened when Pi reached $0.1035.
As a researcher following this market movement, I’ve observed that we’ve already hit our initial goal for this rebound. The price has moved beyond where it started forming the ‘W’ pattern – at the point where there was significant potential for gains. Now, it’s settling after reaching the target we predicted. This means any further increase in price will need a fresh wave of buying interest; we can’t rely on the momentum that drove the initial ‘W’ shape.
Pi’s price has recently dropped back to $0.087. This level previously limited price increases before it reached $0.1035. If the price stays above $0.087, it suggests the recent upward trend could continue.
The Upgrade Arrives at a Technical Decision Point
A potential upgrade could spark more trading in the market, but it’s still unclear if this will lead to lasting gains. Pi is currently struggling to break through a resistance level between $0.100 and $0.103 – an area where previous attempts at growth stalled.
For the price to truly react positively to this upgrade, it needs to do more than just briefly jump up. It must stay above $0.087, break past $0.100, and aim for the recent high of $0.1035 – all with significant trading volume.
Without official confirmation, the recent positive news might create hype without actually leading to any lasting improvements. Pi is still generally falling in value over the long term, and this recent price increase has only just begun.
What Pi Needs to Extend the Rebound
If Pi stays above $0.087, it has a chance to rise towards the $0.100–$0.103 range. Breaking through that level could lead to further gains, potentially reaching $0.11.
If the 50-day moving average—currently around $0.115—starts to fall, it would likely act as a key resistance level, sitting just above the recent high. For Pi to reach this point, it would need to surpass its previously predicted target based on the W-pattern and signal the start of a new recovery phase.
The Relative Strength Index (RSI) is currently around 40, suggesting that prices could continue to rise before becoming overbought. However, just because there’s potential for improvement doesn’t mean it will definitely happen. Since the initial price target has already been met, increased buying activity would be necessary to drive prices even higher.
Where the Recovery Starts to Break
If the price falls below $0.087 one day, it would suggest the recent attempt at a rebound is failing. If that happens, the price could then drop to around $0.08.
If selling continues, Pi’s price could fall back to between $0.072 and $0.070 – the level where it recently started to recover. This area is now the last major support level preventing the token from continuing its overall downward trend.
If the price falls below $0.070 for the day, it would suggest the recent low point wasn’t a true bottom. This would mean Pi Network could fall to new lows, with no previous price levels to act as support. The price increase seen in July would then likely be considered a short-term bounce, not the beginning of a sustained recovery.
Although Pi Network has recovered slightly from a low of $0.070, its price is still below key moving averages – those calculated over 50, 100, and 200 days. Because these averages are all higher than the current price, it suggests the overall trend is still downward.
Currently, the 50-day average price of $0.1154 is the nearest level that could act as a barrier to further gains, with the 100-day average at $0.1406 and the 200-day average around $0.1611 being farther away. This difference in levels highlights significant obstacles for the price to overcome in the short term.
This article is for general information only and shouldn’t be considered financial, investment, or legal advice.
2026-07-22 14:12