The RSI has climbed back above 50, indicating improving momentum, but it has not entered bullish expansion territory. This suggests buyers are regaining control gradually, not aggressively.
Adding to the technical setup, recent on-chain data shows wallets linked to the Pi Core Team transferring significant amounts of PI tokens to exchange-associated addresses. While such transfers do not confirm immediate selling, they increase the potential for supply to enter the market. This creates short-term uncertainty, particularly as the price approaches resistance. If additional tokens are distributed near the $0.19–$0.20 supply zone, upside momentum could remain capped.
How High Can Pi Price Go?
The current price action reflects a recovery attempt rather than a confirmed trend reversal. Technically, PI must reclaim the $0.19–$0.20 resistance zone with strong volume to shift momentum decisively in favor of buyers. If this materialises, a move beyond $0.23 could be imminent, which is the major resistance to achieve.
However, the momentum may fade for a while around this range, but if the bulls manage to reclaim the levels after a brief correction, reaching $0.3 may not be a tedious job for the Pi price rally.
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