- Pi Network holds firm above $0.216 support as traders await a decisive breakout
- Upcoming 145.7M PI token unlock may limit upside momentum despite stable demand
- Node upgrade boosts user confidence, marking key progress in Pi Network’s roadmap
Pi Network (PI) is trading around $0.227, showing mild recovery after a sharp rally and correction. The token has spent recent sessions consolidating between strong support and resistance zones, while a new network upgrade has improved sentiment among community members.
Consolidation Defines the Near-Term Range
After rebounding from the $0.216 Fibonacci support, Pi briefly climbed to $0.297 before pulling back. The latest retracement found footing at $0.232, aligning with the 38.2% Fibonacci level. This area now acts as a key defense zone for buyers, with short-term momentum stabilizing above the 9-period EMA near $0.227.
However, upside remains capped as resistance builds at $0.24 and $0.266. A confirmed move above $0.24 could open a path toward the $0.297 mark.
Conversely, failure to hold the $0.216 support may expose the token to deeper losses toward $0.195 or even $0.167. Hence, the $0.216–$0.24 range defines the immediate battleground for traders watching the next breakout signal.
Unlock Schedule Adds Moderate Supply Pressure
Over the next 30 days, Pi Network will unlock approximately 145.7 million PI, valued at $33.1 million. This represents about 2.9% of the total 5.05 billion tokens still locked.
The daily average unlock stands near 4.85 million PI, equivalent to $1.1 million in potential new supply. The largest single-day unlock, expected on November 15, totals roughly $1.54 million worth of tokens.
While these releases could introduce short-term selling pressure, the consistent pace indicates a gradual transition rather than a flood of liquidity. Consequently, any bullish breakout may still face supply-side resistance until most tokens enter circulation.
Node Upgrade Restores Confidence Among Pioneers
Pi Network recently upgraded its Node to version 0.5.4, improving reliability and accessibility. The new system strengthens Node bonus calculations and enhances the security of reward tracking. Besides, it introduces external link access within the Pi Desktop interface, allowing users to connect seamlessly to official posts and resources.
The improvement has revived optimism among users who had expressed frustration with prior technical issues. Moreover, the update represents a key milestone toward migrating Node mining rewards, a long-awaited step in Pi Network’s ecosystem roadmap.
Related: Pi Network Launches DeFi Tools as PI Token Trades 90% Below ATH
Technical Outlook for Pi Network (PI) Price
Key levels remain clearly defined as Pi Network consolidates within a tight trading range.
Upside levels: $0.232 and $0.24 serve as immediate resistance zones, with a breakout above $0.24 likely to trigger momentum toward $0.266 and $0.297.
Downside levels: $0.216 marks key Fibonacci support, followed by $0.195 and $0.167 as deeper retracement points. The 9-EMA at $0.227 continues to act as a short-term pivot, offering dynamic support during intraday moves.
The technical structure suggests PI is compressing between the 38.2% and 61.8% Fibonacci retracement levels, forming a potential accumulation zone. A decisive close above $0.24 could confirm the start of a mid-term uptrend, while rejection at that level may extend consolidation back to $0.216.
Will Pi Network Break Out Soon?
Pi Network’s near-term outlook hinges on whether buyers can sustain support above $0.216 and reclaim $0.24. If renewed buying pressure emerges alongside increased trading activity, PI could revisit the $0.266–$0.297 range, signaling a shift toward bullish continuation. However, failure to hold current support risks deeper correction toward $0.195.
For now, PI remains in a critical decision zone. Market participants await confirmation from both price action and broader sentiment before positioning for the next breakout phase.
Related: Pi Price Prediction: Bearish Channel Persists as Pi Struggles Near $0.26
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