The Pi Network price today is trading near the $0.5830 level after a volatile two-day recovery from sub-$0.45 lows. This sharp rebound follows a long stretch of steady declines that were accelerated by a liquidity-induced selloff on June 13. With price now hovering below key resistance levels, bulls face the task of reclaiming lost ground while navigating overhead supply clusters and trendline resistance.
What’s Happening With Pi Network’s Price?
The recent Pi Network price action reflects an aggressive bounce after price fell from $0.64 to a low of $0.3969 within a single 4-hour candle on June 13. The wick-based recovery, visible on the 4-hour and 30-minute charts, was supported by strong volume absorption at the 0% Fibonacci retracement level and coincided with a short-term bottom formation. Since then, Pi has stabilized near the 0.618 Fib retracement around $0.5510 and is now attempting to build a higher base. On the daily timeframe, the Pi Network price update shows consolidation just beneath the 0.786 Fib level of $0.5936, which has emerged as immediate resistance.
The 4-hour Keltner channels are widening, while price remains capped under the midline near $0.5960, indicating that bullish momentum is tentative and still recovering.
Indicators Signal Cautious Optimism After Reversal
RSI on the 30-minute chart has moved up to 54.65 with a peak of 57.73, reflecting improving bullish strength but not yet in overbought territory. This suggests room for further upside, especially if momentum can reclaim the 60–65 RSI zone. On the MACD front, the 12-26 lines have crossed bullishly, with histogram bars turning green, adding further conviction to the short-term rebound narrative.
Meanwhile, the DMI shows a supportive bullish setup: the +DI is at 33.53 while -DI lags behind at 25.99. With ADX still moderate, the directional bias currently favors bulls, albeit without overwhelming strength. Average True Range (ATR) has dropped sharply from its June 13 peak, now reading 0.0045, which may indicate cooling volatility and the formation of a potential equilibrium range.
Volume Profile and Smart Money Concepts Reflect Supply Overhang
The volume profile shows heavy supply between $0.6430 and $0.6560, aligning with prior swing highs and rejection zones. These areas are marked by long-wick rejections on previous rallies, suggesting persistent seller interest. On the Smart Money Concepts chart, the most recent Change of Character (CHoCH) and Break of Structure (BOS) mark a transition back into a demand-driven recovery, but equal highs around $0.64 will need to be breached to confirm any sustained bullish structure.
Additionally, price is trapped below the downward-sloping trendline from the May high near $0.68. That trendline currently intersects around $0.5960, putting added pressure on bulls to achieve a breakout with strength. Rejections at or near this line could stall upward momentum and return Pi to range-bound behavior.
Why is the Pi Network Price Going Up Today?
The answer to Why Pi Network price going up today lies in a combination of technical exhaustion from oversold levels and a favorable response from short-term buyers near the $0.40 demand zone.
The rebound also reflects a broader recovery seen across the altcoin market on June 14, driven by easing sell pressure and lower volatility expectations. That said, the rebound remains fragile unless buyers can establish support above the $0.60–$0.62 region.
Short-Term Outlook and Forecast
In the short term, Pi Network price volatility may remain elevated as the token attempts to retest the $0.5930–$0.5960 resistance cluster. If bulls clear this zone with volume, the next upside target sits at $0.6250 followed by the high-volume node at $0.6437.
However, failure to breach $0.60 decisively could open the door for another retracement to the $0.5510 or $0.5220 support levels. A close below $0.4925 would invalidate the current recovery structure and shift focus back toward the June 13 low.
Final Technical Levels to Watch
| Level Type | Price Zone |
| Immediate Resistance | $0.5936 – $0.5960 |
| Supply Block Resistance | $0.6430 – $0.6560 |
| Short-Term Support | $0.5510 |
| Deeper Support | $0.5220 – $0.4925 |
| Bearish Invalidator Level | $0.3969 |
| Bullish Breakout Target | $0.6786 |
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