Pi Network price hits yearly low. Is a reversal possible?

The Pi Network price has been unstable in recent weeks, losing the $0.35 support level, which has now turned into resistance. Despite this breakdown, bulls stepped in to defend the $0.26 support area, where the price action is now attempting to stabilize.

With the RSI showing extreme oversold levels, conditions resemble previous setups that historically led to strong rebounds in Pi.

The recent downtrend began after the loss of the $0.35 level, which previously served as a key zone for buyers. Following the breakdown, it quickly turned into resistance, limiting upside attempts and intensifying bearish pressure. This triggered a volatile decline, during which bulls had to act aggressively to protect the next significant technical level.

The $0.26 support zone has now become the focal point. Several technical lines converge there, making it a likely candidate for a structural bottom. The price has tested and held this area, suggesting buying interest remains despite overall market weakness.

If this level holds and trading volume increases, the token could rise back to $0.35.
Conversely, a break below $0.26 would likely lead to lower support targets and an extension of the bearish trend.

See also: "Bitcoin: decline after record high, driver — ETF"

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