The failure to build structure above resistance shifts short-term control to supply. Buyers must now prove demand exists at lower levels around $0.1600-$0.1700 before attempting another rise. After the drop, Pi Network price began stabilizing beneath the breakout zone. This behavior resembles a post-event reset rather than trend collapse. The current structure indicates traders are waiting for organic demand rather than reacting emotionally. If accumulation develops, the rejection could form a base. If not, PI token may remain range-bound until participation expands. If PI price regains traction and closes above $0.20, then the bullish structure remains intact and a rally toward $0.2500 could be seen in the near term.
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