PI Price Prediction: Volume surges by 150% to $270 million, technical challenge at the $0.46 bullish-bearish watershed.

The PI Network Token (PI) has recently shown a strong price movement, successfully breaking through the upper band of the horizontal consolidation channel from August 2 to 8, releasing a bullish breakout signal. In the past 24 hours, it has risen by 2%, compounded by a 16% big pump the previous day and a trading volume surge of 150% to $270 million, forming a positive pattern of rising volume and price. On the technical side, it holds above the 20-day EMA ($0.4038) as dynamic support, but faces resistance at the key resistance level of $0.46 (4-hour supply zone + upper band of Bollinger Bands) and falls back. If it breaks through $0.4451 or holds above the support at $0.3773, it will determine the short-term direction. Currently trading at $0.413, the Bull vs Bear Battle intensifies.

[Breakthrough Signal: Volume and Price Rise Together to Break the Consolidation Stalemate] The price performance of PI coin has been impressive recently, as it strongly broke through the upper band resistance of the Horizontal Channel last Saturday (August 10), ending the consolidation pattern from August 2 to 8, and releasing potential bullish breakout initiation signals.

• In the past 24 hours, the PI price has risen 2%, continuing the strong increase of 16% from the previous trading day, reflecting improved market sentiment and the return of buying pressure.
• Key Validation Signal: Volume Surge. Accompanied by a price breakout, the trading volume has soared nearly 150% in the past 24 hours, reaching $270 million at the time of writing. This combination of "price breakout + significantly increased volume" is usually regarded as a sign of effective confirmation of trend strength, reducing the likelihood of a "false breakout."

[Technical Support: Hold above 20-day EMA, Short-term Momentum Strengthening] The current PI price (approximately $0.413) is operating above its 20-day Exponential Moving Average (EMA, $0.4038).

• When cryptocurrency trades above the 20-day EMA, it usually indicates an increase in short-term bullish momentum and heightened buyer interest.
• The moving average has now transformed into a dynamic support level, providing a technical support foundation for the price.

[Current Bull vs Bear Battle: Strong Resistance Area Encounters Resistance and Retracts] Despite the positive momentum after the breakout, the PI price encountered significant selling pressure when it approached the 0.46 USD key resistance area (down about 4% from the high at the time of writing). The reason this area constitutes a strong technical pressure is:

1. 4-hour chart supply zone (Supply Block): An area of selling pressure formed by historical dense trading.
2. Daily Chart Upper Bollinger Band: Traditional overbought area.
3. Daily EMA Cluster: Multiple important moving averages converge to form resistance.
4. Daily downtrend line (suppressed since May): Long-term downward structure remains intact.

• 4-hour chart details: Although it broke through the 20 EMA ($0.391) and 50 EMA ($0.384), it encountered resistance and retreated at the 200 EMA ($0.4287). The current price is testing the Bollinger Band middle line ($0.4402), which has turned into immediate resistance.

【Key Path: Breakthrough Target and Defensive Support】

• Upward Scenario:
  • If the buying momentum recovers, the primary target is to break through the 0.4451 USD resistance.
  • After a valid breakout, the next target looks towards 0.5281 USD.
  • Decisive strong and weak dividing line: $0.46. A successful breakout from this area is required to confirm the continuation of the bullish trend.
• Downside Risk:
  • If profit-taking orders emerge, the price may retrace to the 0.3773 USD support level.
  • The closer dynamic support is at the 20 EMA ($0.391).
• Caution Reminder: The On-Balance Volume indicator (OBV) is still at a multi-month low, suggesting that despite the price rebound, the broad accumulation of funds remains relatively weak.

[Conclusion: The breakthrough verification period is coming, focus on the $0.46 battle] The PI coin has broken the consolidation deadlock with a strong performance in both volume and price, and the short-term technical structure has strengthened. It has held above the 20-day EMA and broken the horizontal channel, laying the foundation for potential upward movement. However, the $0.46 area gathers multiple technical resistances (daily descending trend line, EMA cluster, upper band of the Bollinger Bands, 4-hour supply zone), posing a severe challenge. The divergence in the OBV indicator also suggests that the basis for a rebound needs to be solidified. The current market is in a critical verification period:

1. If the bulls can build momentum to break through the strong resistance zone of 0.4451-0.46 USD, it will open up space to challenge 0.53 USD, reversing the long-term downtrend.
2. If it continues to face resistance and loses the dynamic support of 0.391 USD (20EMA), it may retrace to 0.3773 USD, and even face a deeper correction risk. Traders need to closely monitor the outcome of the battle for the key watershed at $0.46 and the changes in volume, and manage risks accordingly.