Market Watches Pullback as Supply Unlock Approaches

• PI holds an upward structure as buyers defend key EMA and Fibonacci support zones.
• Upcoming unlocks may raise volatility as supply pressure tests short-term demand.
• Community anticipation grows as hints of a major Pi Network update fuel sentiment.

Pi is retracing after reaching the $0.27 zone, and traders are watching how the price reacts as it moves closer to key Fibonacci regions that shaped last week’s rally. The recent rejection near the 0.786 level sparked short-term profit-taking. 

However, the broader market structure still leans upward because higher lows continue to form across multiple timeframes. This trend keeps interest elevated as volatility builds around major Pi Network developments and the approaching unlock schedule. Besides, rising community expectations have added another layer of focus on how PI behaves in the coming days.

Technical Outlook Suggests Controlled Pullback

PI remains above the 9 EMA, which has acted as dynamic support throughout the recent breakout. Hence, traders now expect the current pullback to remain controlled as long as PI stays above the $0.2520 zone. This level aligns with SuperTrend support, signaling continued strength if buyers defend it during intraday dips.

Additionally, the mid-range Fibonacci levels form an important cluster around $0.2495. This zone marks equilibrium for the current swing. A move toward $0.2382 may still attract strong demand because it overlaps with the previous consolidation area. However, losing $0.2227 would weaken the bullish structure and shift attention to lower ranges.

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On the upside, resistance at $0.2608 remains the first level traders are watching. A break above it may trigger stronger momentum toward $0.2769. A clean move above this zone could open a path toward the $0.2974 swing high, which stands as the next major objective for bulls.

Unlock Cycle and Market Sentiment

Pi Network’s latest unlocking data shows over 5 billion locked Pi, valued at about $1.28 billion. Moreover, the next 30 days include more than 180 million Pi scheduled for release. This volume equals roughly 3.6% of locked supply. The average daily unlock sits near 6 million Pi, worth about $1.54 million. The highest unlock day reaches more than 7.1 million Pi.

Consequently, traders are watching whether increased supply influences short-term volatility. Some expect heavier movement near major support levels, especially if demand thins. Others argue the steady unlock rhythm has already been priced into recent swings.

Community activity surged after accounts hinted at a significant update on November 28. However, reactions remained mixed as many users downplayed the possibility of major progress. Despite this, the community’s size keeps attention high, and any confirmed milestone may influence sentiment quickly.

Technical Outlook for Pi (PI) Price

Key levels for PI remain well-defined as the market enters a new trading phase. 

Upside levels include $0.2608, $0.2769, and $0.2974 as immediate hurdles. A breakout through these zones could extend toward higher extension targets above $0.31. 

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Downside zones include the $0.2520 SuperTrend support, followed by $0.2495 and the deeper $0.2382 level. The broader resistance ceiling sits at the $0.2769 Fib zone, which must flip for stronger medium-term momentum.

The current structure suggests that PI is compressing between rising support and Fibonacci resistance, forming a tightening range. A decisive breakout from this structure could trigger volatility expansion in either direction as liquidity builds near the swing zones.

Will Pi Price Move Higher?

The next move depends on whether buyers can protect the $0.2520–$0.2495 cluster long enough to attempt a retest of $0.2608 and $0.2769. Historical reactions near the mid-range Fib zones often produce strong continuation rallies, which increases the probability of another attempt toward $0.2974.

If bullish momentum strengthens with rising inflows, PI could clear $0.2769 and challenge its previous swing high. However, failure to hold $0.2495 risks a deeper pullback toward $0.2382, which marks the edge of the accumulation range. Losing that zone may expose the chart to $0.2227 and neutralize the current bullish bias.

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