PI remained above $0.15 on Friday, showing signs of stabilization in the short term. Latest exchange data indicates that PI reserves on centralized platforms continue to decline, prompting market attention to whether selling pressure is easing.
Approximately 400,000 coins leaked out in 24 hours.
According to PiScan data, approximately 400,000 PI tokens were transferred out of centralized exchanges in the past 24 hours. Typically, a decrease in exchange balances indicates that some holders are transferring their assets to private wallets rather than leaving them on the platform to await sale.
Such outflows do not necessarily lead to a direct price increase, but when prices are fluctuating at low levels, they are often seen as a signal of a short-term rebound in demand. If exchange reserves continue to decline, the potential for a further rebound in PI may open up further room for growth.
There is still resistance around $0.155.
As of press time, PI was trading at approximately $0.1536, up about 2% in the last 24 hours. However, looking at the 4-hour chart, the price is still below the 50-period EMA at $0.1573 and the 200-period EMA at $0.1680, indicating that the overall trend has not yet fully strengthened.
The market is currently focused on the $0.155 area. If the price breaks through this level and rises back above the 50-period moving average, the next target could be around $0.1680.
Selling pressure has eased somewhat.
Momentum indicators suggest that short-term bearish pressure has weakened. The MACD and signal line continue to rise, although still below the zero line, they show signs of recovery. The RSI is hovering around 50, indicating that the forces of bulls and bears are temporarily close to equilibrium.
On the downside support level, the market is watching Tuesday's low of $0.1463. A break below this level could see PI fall back again and retest the historical low near $0.1310.
Overall, PI is currently still in the rebound attempt phase. Continued outflows from exchanges have provided some support for prices, but whether it can strengthen further depends on whether the $0.155 resistance level is broken.
