Pi Network’s PI token has broken out of a falling wedge pattern on its 4-hour chart, a technical development that may signal a short-term bullish reversal after weeks of downward pressure. According to an analysis reported on February 26, 2026, the token is now testing a former resistance level as support. The broader trend remains under pressure, however, with PI trading below key moving average resistance near $0.20 and $0.40.
The Pi Network (PI) token broke a 4-hour falling wedge formation, a move crypto analyst Alpha Crypto Signal reported as a potential change in market structure. This breakout occurred as the token rose above a falling resistance trendline on February 26, 2026. At the time of writing, PI is trading at $0.1692 with a 24-hour gain of 2.42%, according to data from CoinMarketCap. Its daily trading volume was approximately $24.85 million, while its market capitalization stood near $1.56 billion.
While the wedge breakout suggests buyers are in control, the overall trend is not yet confirmed as bullish. On the weekly chart, PI remains below significant moving average resistance levels around $0.20265 and $0.40078. The token’s Relative Strength Index (RSI) is at 32.26, indicating ongoing selling pressure but proximity to oversold territory.
The Moving Average Convergence Divergence (MACD) indicator shows early signs of a potential recovery. Its histogram has turned positive with a value of 0.01838, while the MACD line remains below zero at -0.08137. Analysts note the price must hold above the breakout level to avoid a false signal that could renew selling pressure.
The immediate test for Pi Network will be maintaining support above the wedge’s breakout zone. If successful, the token could next challenge nearby resistance at the $0.20 level. A failure to hold support, however, would likely keep the asset below its major moving averages and within a bearish trend structure.
