Pi Network (PI) Price Struggles Into Year-End as Bears Maintain Control

The broader crypto market has entered the final weeks of December in a cautious mood. After a volatile November, Bitcoin and major altcoins have largely moved sideways, with traders locking in profits ahead of year-end and waiting for clearer macro signals. Liquidity has thinned, volatility has cooled, and risk appetite has softened across the board. Within this context, Pi Network (PI) has mirrored the wider market’s hesitation, continuing to trade under pressure rather than showing any meaningful year-end recovery.

On the daily PI/USDT chart, price action since the start of December underscores a market still firmly in a corrective phase. PI entered the month trading near the upper boundary of a short-term descending channel but quickly lost momentum. Sellers stepped in around the $0.25–$0.26 region, triggering a steady pullback that has persisted through most of the month. As of the latest sessions, PI is hovering around the $0.20–$0.21 zone, struggling to build follow-through in either direction.

December Price Structure and Key Levels

From early December to date, PI has printed a series of lower highs and relatively equal lows, suggesting consolidation within a broader downtrend. The price remains capped below its short- and medium-term moving averages. The 20-day and 50-day EMAs are sloping downward and acting as dynamic resistance, while the 100-day and 200-day moving averages sit much higher, reinforcing the longer-term bearish structure.

The $0.20 psychological level has emerged as a critical near-term support. Buyers have repeatedly defended this area, preventing a deeper breakdown, but the rebounds have been weak and short-lived. On the upside, the $0.22–$0.23 zone aligns with the descending channel resistance and the 50-day EMA, making it a key hurdle for any recovery attempt.

Bullish Scenario: 

For bulls to regain control, PI would first need to hold above $0.20 and establish a higher low on the daily timeframe. A sustained bounce from this base, accompanied by a daily close above $0.23, would be an early signal that selling pressure is easing. Such a move could open the door for a push toward $0.25, where the 100-day EMA and prior rejection levels converge.

If broader market sentiment improves into the new year, a break and hold above $0.26 could invalidate the short-term downtrend and shift momentum in favor of buyers. However, this bullish scenario would likely require increased volume and a broader risk-on move across the crypto market, neither of which has been evident so far in late December.

Bearish Scenario: 

On the downside, failure to defend the $0.20 support would significantly weaken PI’s technical outlook. A decisive daily close below this level could trigger a deeper sell-off toward the $0.18 region, which served as a temporary base in October. Below that, the $0.16–$0.17 zone comes into focus, marking the lower boundary of the broader descending structure visible on the chart.

As long as PI remains below its key moving averages and within the downward channel, rallies are likely to be viewed as selling opportunities rather than trend reversals. The lack of strong bullish follow-through throughout December suggests that bears still have the upper hand.

Outlook

Heading into the final days of the year, PI remains technically weak, consolidating near support while broader market sentiment stays muted. While a short-term bounce cannot be ruled out, the chart favors caution until clear breakout signals emerge. For now, PI appears more aligned with the market’s defensive year-end posture than with any early signs of a sustained recovery.