Pi Network Price Forecast: PI hesitates near key resistance amid CEX outflows

CEX withdrawals support PI token recovery

Typically, a reduction in available supply on CEXs implies a demand surge. In the case of Pi Network, PiScan data shows roughly 400,00 PI tokens were withdrawn from CEXs in the last 24 hours, suggesting short-term buying activity. A steady decline in CEX reserves could support PI token's next recovery run.

Will Pi Network rally to the upside?

Pi Network trades at $0.1536, at press time on Friday, beneath the 50-period EMA at $0.1573 and the 200-period EMA at $0.1680, keeping the near-term bias bearish. Price action shows a consolidation range defined by Tuesday's low and high at $0.1463 and $0.1550, respectively.

To reinstate an upward trend, PI should clear the $0.1550 ceiling and the 50-period EMA at $0.1573. This would open the path toward the 200-period EMA at $0.1680.

The Moving Average Convergence Divergence (MACD) and its signal line rise but remain below the zero line on the 4-hour chart, suggesting a short-term recovery within a broader bearish trend. Meanwhile, the Relative Strength Index (RSI) is at roughly 50, holding a neutral stand as selling pressure wanes.

Chart Analysis PI/USD (baha Crypto) — PI/USD daily price chart.

Looking down, a clear support remains at Tuesday's low of $0.1463, guarding the downside toward PI token's all-time low of $0.1310.

(The technical analysis of this story was written with the help of an AI tool.)

Bitcoin, altcoins, stablecoins FAQs

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

What are altcoins?

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

What are stablecoins?

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

What is Bitcoin Dominance?

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.