CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-06-13 16:11:20

Pi crypto value rebounds: key levels to watch

After a dramatic drop below the value area low, Pi Network has shown strong signs of recovery, bouncing from its swing low with aggressive demand. The buying wick printed on the latest daily candle confirms a strong reaction from what appears to be a maximum value zone. Pi Network’s ( PI ) price action took a steep hit as it fell below the value area low and traded directly into a macro swing low support. However, this flush was met with immediate demand, leading to a sharp intraday recovery and a strong close back above high-timeframe support. The technical bounce was characterized by a prominent buying tail, a classic signature of value-based demand, now placing Pi in a potential reversal zone Key technical points Break Below Value Area Low: Price dipped under the VAL and found strong buy-side pressure at the swing low region. Impressive Recovery Candle: The wick and close above support confirm aggressive market interest and demand. Reclaiming the Value Area Low: Sustained closes above this level confirm validation of the demand zone. Key Resistance at $0.65: Breaking this dynamic resistance would confirm a trend shift and open room for a move toward $0.80. PiNetwork (6H) Chart, Source: TradingView The drop below the value area low initially looked like a breakdown, but Pi Network’s price quickly reversed after reaching a key swing low, a high-interest liquidity pocket. The strong buying tail formed on the candle reflects not only rejection of lower prices but also signals the presence of maximum value buyers stepping into the market. Price has now closed back above the high-timeframe support and is showing signs of acceptance above the value area low. This reclaim is critical. From a market profile perspective, acceptance back above the value area low after a failed breakdown often signals a trap and provides high-probability long setups. You might also like: Bitcoin is oversold after Israeli strike on Iran: analyst The next obstacle for bulls is clear: dynamic resistance near $0.65. A clean break above this level would shift short-term market structure into a higher high formation, signaling early-stage reversal potential after the sharp sell-off. If Pi Network can breach this resistance and sustain momentum, the next magnet will likely be the $0.80 level, aligning with the upper boundary of the trading range and value area high. What to expect in the coming price action As long as Pi Network holds above the value area low and builds support on higher time frames, price remains positioned for a move toward $0.65 and then $0.80. The sharp bounce from maximum value confirms that buyers are active, and a structural reversal could be underway if dynamic resistance breaks. Read more: SharpLink bets big on ETH with $463M treasury pivot

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta