Pi Network ($PI) Shows Signs of Reversal as Selling Pressure Eases

Pi Network ($PI) is trading near $0.20, exhibiting relatively stable price action despite broader market volatility. While the token has struggled to hold recent gains, several indicators suggest that selling pressure may be waning, hinting at a potential reversal.

Exchange Outflows Signal Buying Dominance

Data from PiScan shows a net outflow of 2.58 million PI tokens from Centralized Exchange (CEX) wallet balances in the last 24 hours. This reduction in CEX reserves typically indicates that traders are moving tokens off exchanges, often for long-term holding or use, which reduces immediate selling pressure and signals a dominance of buying demand on exchanges.

However, the article notes that tracking the majority of $PI supply remains difficult as most tokens are held off-exchange. Despite this, the current price correction appears to be driven by off-exchange sales, as CEX balances rarely record inflows.

Technical Indicators Point to a Potential Bounce

After three consecutive days of losses, $PI is showing a slight gain, holding firm above the crucial $0.20 psychological support level.

• Sideways Trend: The price is consolidating within a narrow range of $0.1996 to $0.2295.
• Key Support: A decisive close below $0.1996 could lead to a test of the S1 Pivot Point at $0.1731.
• MACD & RSI: The Moving Average Convergence Divergence (MACD) is converging with its signal line, indicating that selling pressure is declining. Furthermore, the Relative Strength Index (RSI) is recovering from the oversold zone (reading 29), suggesting that overhead pressure is nearing saturation and a reversal could be imminent.

For a confirmed recovery, $PI needs to decisively close above the $0.2295 level, which would pave the way for a rally toward the central Pivot Point at $0.2755.

October 2025, Cryptoniteuae