Pi Network Pulls Back After Harsh Rejection

Pi Network’s recent rally has cooled off sharply after a strong rejection from the $0.28 region, following an impressive bounce from the Point of Control (POC) and daily support at $0.19. This confluence zone previously acted as the base for bullish continuation, but the latest price reaction signals a potential shift in short-term momentum.

The rejection from $0.28 suggests that sellers remain active near high-timeframe resistance. Now, with prices retracing below this level, maintaining support above $0.19 becomes crucial to preserving the bullish structure and preventing further downside continuation.

Key Points:
- POC Confluence: Support at $0.19 aligns with both daily structure and volume profile.
- Rejection Zone: The $0.28 level triggered strong selling pressure.
- Critical Decision Area: Price must hold above $0.19 to sustain the bullish bias.

If Pi Network fails to hold this support region, the probability of a deeper correction increases substantially, potentially leading to a retest of lower liquidity levels.

What to Expect:

As long as $0.19 remains intact, Pi Network may attempt another rotation toward $0.24–$0.28. A breakdown below it, however, could confirm a bearish shift and open room for extended downside movement.