Pi Network Price Forecast: PI rebounds from record lows, exits oversold territory as momentum improves

FXStreetNov 10, 2026 10:55 AM

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Pi Network is up around 7% on Tuesday after hitting a record low of $0.0624 the previous day.
Pi futures Open Interest rises to $6.21 million, pointing to increased positioning in the derivatives market.
The technical outlook for PI is mixed, with the daily RSI recovering above 30 after entering oversold territory.

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million. The technical outlook for PI remains mixed, with the price still capped below a long-term resistance trendline.

Recovering Open Interest eases short-term risk

Pi Network shows signs of regaining ground in the derivatives market. Blockworks data shows the PI token Open Interest (OI) rises to $6.21 million, from $5.89 million the previous day, indicating a near-term positional buildup and a firm rebound in sentiment.

PI token Open Interest chart. Source: Blockworks

Technical outlook: Can PI regain lost levels?

Pi Network trades at $0.0703 at press time on Tuesday, reflecting a rebound after five straight days of losses. The price holds well below the 50-day and 200-day Exponential Moving Averages (EMAs) at $0.0799 and $0.1085, respectively, and is capped by a long-term resistance trendline connecting the June 20 and August 22 highs at around $0.0752. A sustained recovery in PI could face its initial resistance at the descending trendline near $0.0752, followed by the 50-day EMA at $0.0799.

The Relative Strength Index (RSI) around 35 suggests weakness but also a rebound from oversold conditions, while the Moving Average Convergence Divergence (MACD) remains in negative territory, hinting that downside momentum could still outweigh recovery attempts.

Chart Analysis PI/USD (baha Crypto) — PI/USD daily price chart.

Looking down, the immediate support for PI aligns with the 127.2% Fibonacci extension level, measured over the downswing from $0.1394 to $0.0704, at $0.0516.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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