{"id":10870,"date":"2026-07-17T11:58:28","date_gmt":"2026-07-17T11:58:28","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10870"},"modified":"2026-07-17T11:58:28","modified_gmt":"2026-07-17T11:58:28","slug":"pi-eyes-rebound-as-open-interest-rises-and-oversold-conditions-deepen","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10870","title":{"rendered":"PI eyes rebound as Open Interest rises and oversold conditions deepen"},"content":{"rendered":"

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\n\"A\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • Pi Network (PI) is showing signs of recovery after several days of consolidation and easing selling pressure.<\/span><\/li>\n
  • Rising Open Interest suggests speculative traders are positioning for a potential rebound.<\/span><\/li>\n
  • The upcoming Stellar Protocol v25 mainnet upgrade and improving market sentiment could support PI\u2019s recovery.<\/span><\/li>\n<\/ul>\n

    Pi Network (PI) posted modest gains on Friday after three consecutive sessions of sideways trading, suggesting that selling pressure may be easing following a sharp correction earlier this month.<\/span><\/p>\n

    Although the token remains in a broader downtrend, increasing derivatives activity and deeply oversold technical indicators are fueling speculation that PI could be preparing for a short-term rebound.<\/span><\/p>\n

    Speculative demand begins to strengthen<\/h2>\n

    Pi Network remains one of the cryptocurrency market\u2019s most speculative community-driven assets, making its price particularly sensitive to shifts in investor sentiment.<\/span><\/p>\n

    After a steep sell-off earlier this month, optimism has started to improve as broader market risk appetite stabilizes.<\/span><\/p>\n

    Another potential catalyst is the Stellar Protocol version 25 mainnet upgrade, scheduled for July 22, which could support sentiment across ecosystems connected to Stellar-based infrastructure.<\/span><\/p>\n

    Meanwhile, derivatives data points to growing speculative interest. According to CoinAnk, Pi Network Open Interest increased to $10.73 million on Friday from $10.44 million a day earlier.\u00a0<\/span><\/p>\n

    Open Interest has steadily recovered from $9.11 million recorded on Monday, indicating that traders are gradually returning to the market after the recent correction.<\/span><\/p>\n

    The increase suggests retail investors are beginning to position for a possible recovery, although conviction remains relatively modest.<\/span><\/p>\n

    PI remains oversold despite stabilizing price action<\/h2>\n

    From a technical perspective, Pi Network continues to trade below the key $0.0800 resistance level, leaving the broader trend bearish.<\/span><\/p>\n

    However, the token has managed to hold near the lower boundary of a falling channel, where technical support is reinforced by the 161.8% Fibonacci extension level at $0.06793.<\/span><\/p>\n

    Holding above this area could provide the foundation for a relief rally if buying momentum continues to build.<\/span><\/p>\n

    Technical indicators are beginning to show early signs that the recent decline may be losing momentum.<\/span><\/p>\n

    The Relative Strength Index (RSI) has fallen to around 17, placing PI deep in oversold territory. While oversold readings do not guarantee a reversal, they often indicate that selling pressure has become stretched.<\/span><\/p>\n

    At the same time, the Moving Average Convergence Divergence (MACD) remains below the zero line but is showing signs of weakening bearish momentum, suggesting sellers may be losing control.<\/span><\/p>\n

    If PI extends its recovery, the first resistance level is the 127.2% Fibonacci extension at $0.09613.<\/span><\/p>\n

    A stronger rebound would then face resistance near $0.110, where the upper boundary of the falling channel could limit further gains unless broader market sentiment improves.<\/span><\/p>\n

    On the downside, the 161.8% Fibonacci extension at $0.06793 remains the most important support level.<\/span><\/p>\n

    \"PI\/USD<\/p>\n

    A decisive break below that area could expose the 227.2% Fibonacci extension near $0.01463, significantly increasing downside risk.<\/span><\/p>\n

    For now, Pi Network\u2019s deeply oversold technical setup, combined with rising Open Interest and improving market sentiment, suggests that a short-term recovery remains possible, although the broader trend will remain bearish until key resistance levels are reclaimed.<\/span><\/p>\n

    \n
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    Share this article<\/h6>\n
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    Analysis,pi#eyes #rebound #Open #Interest #rises #oversold #conditions #deepen1784289508<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways Pi Network (PI) is showing signs of recovery after several days of consolidation and easing selling pressure. Rising Open Interest suggests speculative traders are positioning for a potential rebound. The upcoming Stellar Protocol v25 mainnet upgrade and improving market sentiment could support PI\u2019s recovery. Pi Network (PI) posted modest gains on Friday after<\/p>\n","protected":false},"author":1,"featured_media":10871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-10870","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\nPI eyes rebound as Open Interest rises and oversold conditions deepen - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Pi Network price shows signs of recovery after surging 8^% as Open Interest rises and RSI enters oversold territory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10870\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PI eyes rebound as Open Interest rises and oversold conditions deepen\" \/>\n<meta property=\"og:description\" content=\"Pi Network price shows signs of recovery after surging 8^% as Open Interest rises and RSI enters oversold territory.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=10870\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-17T11:58:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-17-2026-12_10_19-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10870\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=10870\",\"name\":\"PI eyes rebound as Open Interest rises and oversold conditions deepen - 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