PI Breakout Needs $0.24 While $0.22 Still Threatens a Drop

PIUSDT trades inside a very tight band, with price stuck between $0.24 and $0.22 since mid-November. The range is narrow enough that even a small move can decide the next trend. A close above $0.24 turns the recovery into a proper rally toward $0.26 and $0.29, but a slip below $0.22 exposes $0.21 and confirms downside pressure.

Large holders still keep the PIUSDT bounce alive. CMF remains above its trendline and above zero, which shows steady accumulation from big wallets. But retail strength is fading. MFI continues to fall even as price forms higher lows, which signals weak dip-buying. OBV is also stuck under its trendline and has not built the volume support needed for a breakout. If OBV rolls over, PIUSDT can face another fast pullback.

The structure is simple. Strength only confirms above $0.24. Weakness only confirms below $0.22. Until one side breaks, PIUSDT stays in a compressed zone where big wallets support the upside but weak retail flow still leaves a clear 5% risk on the lower end.