Pi Network shows cautious strength as traders eye CEX withdrawals Pi Network’s native token is holding steady above $0.15 on Friday, as on-chain and exchange data point to mild accumulation and easing selling pressure. While PI continues to encounter resistance near $0.1550, shrinking exchange reserves and improving technical signals support a cautiously bullish short-term outlook. Why the CEX outflows matter Data from PiScan shows roughly 400,000 PI were withdrawn from centralized exchanges in the past 24 hours. When balances on exchanges fall, it often indicates investors are moving tokens into private wallets instead of lining up to sell—a dynamic that can reduce immediate supply for market sellers and help underpin price recovery attempts. If withdrawals persist, they could provide fuel for Pi Network’s next upward move. Technical picture: a breakout level to watch On the 4-hour chart PI is trading around $0.1536, still below key moving averages: the 50-period EMA at $0.1573 and the 200-period EMA at $0.1680. For bullish momentum to gain traction, PI needs to clear the $0.1550 resistance zone and reclaim the 50-period EMA. A successful breakout through that area could open a path toward the 200-period EMA near $0.1680. Momentum indicators paint a tentative recovery within a broader downtrend. The MACD and its signal line are climbing, though both remain under the zero line—suggesting sellers are losing short-term control but that the broader bias is still bearish. The RSI sits close to the neutral 50 mark, reflecting balanced momentum as downside pressure eases. Key support and risks Immediate support is at Tuesday’s low of $0.1463; a breakdown below that level could expose PI to further weakness and possibly a retest of its all-time low near $0.1310. Conversely, as long as exchange reserves keep falling and the $0.1550 zone is breached, traders will be watching for confirmation of a bullish breakout. Bottom line: trading remains range-dependent in the near term. CEX outflows and improving indicators give bulls something to build on, but PI must clear the $0.1550–$0.157 area to shift the short-term trend more convincingly.
Pi Network Holds Above $0.15 Amid 400K PI Withdrawals from CEXs
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Summary
Pi Network’s network activity remains strong as the token holds above $0.15. Network metrics show 400,000 PI withdrawn from centralized exchanges in the last 24 hours, with tokens likely moving to private wallets. This outflow could reduce market supply and support a price rebound. Traders are closely watching the $0.1550 level for a potential breakout.
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