Pi Network (PI) is showing signs of life after a quiet week, trading steadily above $0.1500 on Friday as on-chain data points to mild accumulation activity.
Exchange outflows pick up
According to PiScan, roughly 400,000 PI were withdrawn from centralized exchanges in the past 24 hours — a development often read as bullish because it suggests holders are moving coins to private wallets rather than preparing to dump them. The steady decline in exchange reserves could signal renewed short-term demand and help fuel Pi’s next recovery attempt if the trend continues.
Price and technical picture
PI changed hands around $0.1536 at the time of writing, but the token still faces resistance near $0.1550. It remains below two key moving averages: the 50-period EMA at $0.1573 and the 200-period EMA at $0.1680. A decisive break above $0.1550 and a reclaiming of the 50 EMA would likely be required to confirm a more meaningful bullish push toward the 200 EMA near $0.1680.
Momentum indicators offer a cautiously optimistic read. The MACD and its signal line are both trending upward, though they remain below zero — consistent with a recovery inside a broader bearish context. The RSI sits around the neutral 50 mark, suggesting momentum is balanced as selling pressure eases.
Downside risks
On the flip side, immediate support sits at Tuesday’s low of $0.1463. A breakdown below that level could reopen the path to further weakness and a potential retest of PI’s all-time low near $0.1310.
Bottom line
With exchange reserves falling and technical indicators showing early signs of stabilization, the short-term outlook for PI is cautiously bullish — but a confirmed breakout above $0.1550 (and the 50 EMA) will be key for a clearer reversal. Conversely, a breach of $0.1463 would likely shift the narrative back toward downside risk.
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