Investors Stake Hope as Pi Network Defends $0.35 Bullish Fortress

Pi Network has demonstrated resilience at the $0.35 support level, with recent price action indicating a potential structural shift in market sentiment. This level has become a critical focal point, as it aligns with the value area low and point of control. The repeated candle rejections and the volume profile suggest that the area is acting as a strong base for a potential bullish reversal. If buyers continue to hold this level, it could provide the foundation for a move toward key resistance zones at $0.50 and $0.70. These levels are not only high-time-frame resistance but also represent significant volume-based barriers that Pi must overcome for a sustained upward movement [1].

The technical setup for Pi Network currently features a favorable accumulation pattern at the support level. Declining volume on retests of $0.35 is a classic sign of buyers gathering strength and sellers losing influence. This dynamic increases the probability of a breakout if bullish volume surges on a closing basis above local resistance. The first major target for Pi Network, assuming a successful breakout, is $0.50, where the value area high and resistance confluence could offer further confirmation of the trend's strength [1].

Network developments are also in play, with Pi Network preparing for a major upgrade aligned with Stellar’s transition to Protocol 23. This development could bolster confidence among investors and users at these critical support levels. The timing of this upgrade could coincide with or reinforce a potential reversal in price action, depending on market reactions. However, for the bullish case to hold, volume must confirm the momentum, and sustained buying pressure must be evident. Without such confirmation, any movement above $0.35 could remain vulnerable to retracement [1].

In parallel, the Stellar (XLM) network, which Pi Network is aligning with, is showing early signs of recovery. XLM has approached a key support zone near $0.38, with derivatives data indicating a shift in trader sentiment. Positive funding rates have emerged, suggesting that long positions are gaining strength relative to shorts. Additionally, the recent integration of XLM by VersaBank for tokenized deposits adds a layer of real-world utility that could support price stability and growth [2].

The broader technical outlook for XLM also hints at potential for a rebound should the $0.36 support level hold. The Relative Strength Index (RSI) currently stands below the neutral 50 level, reflecting bearish momentum. A move above this threshold would be necessary for the recovery to be considered sustainable. If the price breaks below $0.36, however, it could lead to further declines toward the $0.35 support, which is also relevant to Pi Network given their shared technical context and recent alignment [2].

Investors are closely monitoring both Pi Network and Stellar for signs of sustained momentum. With Pi Network showing structural strength at $0.35 and a clear path toward higher resistance levels, the next few weeks will be crucial in determining whether the current support level can transition into a bullish breakout. At the same time, the Stellar network’s developments and price behavior offer additional context for understanding the broader market dynamics in this segment of the cryptocurrency landscape [1][2].

Source:

[1] Pi Network holds support at $0.33: is a reversal to $0.50 next? (https://crypto.news/pi-network-holds-support-at-0-33-is-a-reversal-to-0-50-next/)

[2] Stellar Price Forecast: XLM shows early signs of recovery (https://www.mitrade.com/insights/news/live-news/article-3-1074833-20250828)