Pi Network: potential pullback or breakout? key levels to watch

Pi Network – who’s chasing this spike and who’s about to be exit liquidity? According to industry sources, fresh rumors around mainnet progress and new exchange interest hit the feed this week, and Pi ripped straight into a big supply pocket. Price has gone vertical, which is fun for screenshots, but usually not for late buyers.

On the 4H chart we’re trading right inside a heavy red resistance zone around 0.20, with RSI stretched in the high 70s. That combo screams “heat check” to me, so I’m leaning short term corrective rather than immediate moonshot. I might be wrong, but after moves like this the market usually needs to catch its breath before the next leg.

My base plan: I’m watching for rejection wicks and fading volume here, aiming for a pullback into the nearest green demand around 0.185 then 0.175 ✅. If price rips clean above the red box and holds above 0.21, that kills the pullback idea and opens space toward the upper liquidity ladder on the chart. For now I’m patient and waiting for confirmation instead of FOMOing into candles that already did the running ⚠️.