Pi Network (PI) broke out of a falling wedge formation on the 4-hourly chart, which occurred on February 26, 2026. This is a bullish signal, which may change the short-term momentum dynamics after weeks of selling pressure. However, the overall trend is still under pressure, with significant resistance levels remaining in place.
At the time of writing, PI is trading at $0.1692, posting a 2.42% gain over the last 24 hours, according to data from CoinMarketCap. The token has recorded $24.85 million in daily trading volume, with its market capitalization standing near $1.56 billion.
Pi Network Breaks 4-Hour Wedge
Crypto analyst Alpha Crypto Signal reported on February 26 that PI has broken out of a falling wedge on the 4-hour chart, rising above the falling resistance trendline. This is a potential change in market structure. Volume is monitored around the breakout zone; however, the main focus is on the strength of the move.
A falling wedge breakout is normally considered bullish, and this is even more pronounced if the momentum is improving. For PI, the price is consolidating above a former resistance turned short-term support. If this holds, a test of a nearby resistance could be considered.
However, if the price fails to stay above the breakout region, it could result in a false breakout with increased selling pressure. At the moment, the short-term momentum indicators suggest that the buyers are in control, although with moderate conviction.
Weekly Chart Indicates Broader Trend Weakness
Moreover, Pi Network (PI) remains below the MA Ribbon resistance levels around $0.20265 and $0.40078. Therefore, it is below the long-term averages. This means the trend has not turned bullish yet. A break above this resistance is necessary to confirm a medium-term reversal.
RSI is at 32.26, which is above the signal line of 30.43. This means the selling pressure is ongoing, but the asset is close to the oversold territory. RSI levels close to 30 often signal stabilization, provided buying pressure increases.
The MACD suggests a patient’s recovery. The histogram shows a positive value of 0.01838. The MACD line remains below zero at -0.08137 after crossing above the signal line at -0.09975.
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Pi Network Faces Near-Term Test
In the near term, the next level to watch for Pi Network is the falling wedge breakout level, which it needs to remain above. If it can accomplish this, it will likely challenge the next level of resistance at the $0.20 level, which is also the upper bound of the consolidation.
However, if the token loses its current support, the breakout may be negated, and PI may stay below its major moving averages and remain bearish. The intraday charts are showing positive signs of improvement, but are still early days.
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