Pi Network (PI) at a Pivotal Technical Juncture: Is a Breakout Finally Imminent?

Pi Network (PI) has long been a speculative asset, but recent technical and on-chain developments suggest it may be approaching a critical inflection point. With the price consolidating within a symmetrical triangle pattern and key resistance levels in sight, the question on investors' minds is whether PI can break out of its range and deliver a 27%+ upside. This analysis examines the technical indicators, on-chain metrics, and market dynamics to assess the likelihood of a breakout.

Symmetrical Triangle Pattern: A Classic Setup for Breakouts

Pi Network's price action over the past month has formed a textbook symmetrical triangle pattern, characterized by converging support and resistance lines. As of November 26, 2025, PI is trading near $0.241, with a daily high of $0.2583 and a low of $0.2406 according to market data. The pattern's upper resistance line is currently at $0.2485, while the lower support sits near $0.2160 as reported by analysts. A breakout above $0.2485 would target $0.2755 (the 100-day moving average) and eventually $0.3169, representing a 27% gain from current levels based on technical analysis.

The triangle pattern is a neutral formation, but its implications depend on volume and momentum. Recent data shows a 17.5% surge in 24-hour trading volume to $55.9 million, signaling increased participation according to market reports. This aligns with the pattern's requirement for rising volume as the price approaches the breakout point.

RSI and MACD: Neutral but With Growing Bullish Momentum

The 14-day Relative Strength Index (RSI) for PI stands at 56.11 as of November 26, 2025, indicating a neutral stance between overbought and oversold levels. While this suggests no immediate directional bias, the RSI has been trending upward from a low of 48.91 on November 20, hinting at gathering bullish momentum according to technical analysis.

The Moving Average Convergence Divergence (MACD) also remains neutral, with the MACD line and signal line converging on November 20 according to market data. However, supporting indicators like Chaikin Money Flow and squeeze momentum show strengthening buying pressure according to technical analysis. This divergence between the MACD and underlying momentum metrics suggests the market is poised for a directional move, likely upward if the triangle pattern holds.

OBV Trends: Mixed Signals With Potential for Reversal

On-Balance Volume (OBV), a critical measure of accumulation/distribution, has been a mixed bag for PI. Over the past three months, OBV declined by 44%, reflecting weak buying strength and heightened selling pressure according to technical analysis. However, recent short-term bounces-such as an 8% rise on November 10-indicate buyers are testing the waters according to market reports.

As of November 26, OBV remains negative but is showing slight upward momentum, suggesting early signs of recovery according to technical analysis. A breakout above the descending OBV trendline could validate a reversal from the bearish setup, providing further support for a price breakout. Conversely, bearish divergence in OBV (where price rises but OBV declines) remains a cautionary signal according to market data.

On-Chain Metrics: Volume and User Growth Signal Underlying Strength

While specific on-chain metrics like active addresses are not publicly available for PI, the network's 24-hour trading volume surged to $55.9 million on November 26, a 17.5% increase from the prior day according to market data. This aligns with the broader trend of Pi Network surpassing 60 million active users, a milestone that could drive further adoption and liquidity according to market reports.

Platforms like Pi Blockexplorer and Glassnode Studio offer deeper insights into blockchain activity, but the lack of granular data remains a limitation for traditional on-chain analysis according to technical sources. Nonetheless, the surge in volume and user base suggests growing confidence in the network ahead of its November 28 announcement according to market reports.

Key Resistance Levels and the Path to $0.3169

The immediate resistance at $0.2485 is critical. A sustained close above this level would validate the triangle pattern and trigger a move toward $0.2755 (the 100-day MA) according to technical analysis. From there, the next target is $0.3169, a level that would represent a 27% gain from current prices.

Technical indicators like the 11 Buy signals from moving averages and bullish momentum in Chaikin Money Flow further support this thesis according to technical analysis. However, a failure to break above $0.2485 could lead to a retest of support near $0.2160, prolonging consolidation.

Conclusion: A Breakout Is Imminent-But Timing Matters

Pi Network (PI) is at a pivotal technical juncture, with a symmetrical triangle pattern, neutral RSI, and mixed OBV trends all pointing to an impending breakout. The growing bullish momentum in on-chain volume and user growth, combined with the upcoming November 28 announcement, creates a compelling case for a move above $0.2485. While risks remain-particularly from bearish OBV divergence and potential regulatory headwinds-the technical setup and market dynamics strongly favor a 27%+ upside in the near term. Investors should closely monitor volume and OBV trends as key confirmatory signals.