{"id":6941,"date":"2026-02-24T16:06:38","date_gmt":"2026-02-24T16:06:38","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6941"},"modified":"2026-02-24T16:06:38","modified_gmt":"2026-02-24T16:06:38","slug":"pi-holds-0-16-as-778k-tokens-leave-exchanges-rebound-brewing","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6941","title":{"rendered":"PI holds $0.16 as 778K tokens leave exchanges: rebound brewing?"},"content":{"rendered":"

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\n\"Pi\n<\/picture> <\/div>\n<\/p><\/div>\n
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  • PI price rose slightly on Tuesday, with buyers testing resistance above $0.16.<\/li>\n
  • Holder balances on centralized exchanges have reduced by over 700,000 PI tokens over the last 24 hours.<\/li>\n
  • The technical outlook for PI is mixed amid overall bearish sentiment.<\/li>\n<\/ul>\n

    Pi Network\u2019s token is showing some resilience amid broader crypto market weakness, with price retesting resistance above $0.16 despite key losses for Bitcoin and major altcoins.<\/p>\n

    The PI token traded to its intraday highs on a slight uptick in daily volume as on-chain data reveals a sharp decrease in token balances on centralized exchanges (CEXs).<\/p>\n

    While the upward move from lows of $0.13 on February 11 suggests bullish resilience, PI must extend gains above the latest barrier level to give buyers an upper hand.<\/p>\n

    Testing the key level amid broader crypto sentiment means a potential downward flip could follow if profit-taking deals mount.<\/p>\n

    Pi Network sees over 700,000 PI exit exchanges<\/h2>\n

    PiScan data reveals CEX balances have shrunk sharply in the past 24 hours, with more than 778,434 PI tokens leaving CEXs such as OKX, Bitget, and MEXC.<\/p>\n

    The outflows suggest strong holder conviction, and are key to the reduced selling pressure currently helping bulls hold the advantage.<\/p>\n

    Net outflows indicate accumulation rather than distribution.<\/p>\n

    Buyers could capitalize on this outlook to drive prices higher, more likely if the broader market sentiment improves.<\/p>\n

    Despite CEX outflows, the PI price is signalling upside potential amid Pi Network\u2019s Open Network expansion.<\/p>\n

    The project has accelerated its KYC verifications and mainnet migrations.<\/p>\n

    Meanwhile, the Pi Core Team sees\u00a0 milestones such as the release of details on the Ecosystem Token Design as crucial steps.<\/p>\n

    The Pi Request for Comment (PRC) for community input is among ecosystem developments that are adding to investor confidence.<\/p>\n

    Pi Network technical outlook<\/h2>\n

    Despite the intraday gains, Pi Network\u2019s price remains 9% down this past week.<\/p>\n

    The token is also in the red over the past month and year-to-date time frames, about 11% and 20%, respectively.<\/p>\n

    PI\u2019s technical picture shows sentiment is largely bearish, with oscillators neutral. However, moving averages are leaning \u201cstrong sell\u201d.<\/p>\n

    \"PI
    Pi Network price chart by TradingView<\/figcaption><\/figure>\n

    Bulls could muster upward momentum if prices stabilize above the $0.15. Support here and increased volume could allow PI to target $0.18 and then $0.27.<\/p>\n

    However, bears may yet dominate if bulls fail to hold above a downtrend line going back to the October 10, 2025, crash.<\/p>\n

    Should short-term losses accelerate below $0.15, major support lies around $0.13, an area that marked PI\u2019s all-time low on Feb 11.<\/p>\n

    Indicators like MACD and RSI on the daily chart are offering a mixed outlook.<\/p>\n

    The MACD suggests a bearish crossover, while the RSI sits at 46 and outlines a possible leg up.<\/p>\n

    PI price, like most cryptocurrencies, will likely track risk asset sentiment and performance in the short term. Macroeconomic and geopolitical factors will be key catalysts.<\/p>\n

    \n
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    Markets,pi#holds #778K #tokens #leave #exchanges #rebound #brewing1771949198<\/p>\n","protected":false},"excerpt":{"rendered":"

    PI price rose slightly on Tuesday, with buyers testing resistance above $0.16. Holder balances on centralized exchanges have reduced by over 700,000 PI tokens over the last 24 hours. The technical outlook for PI is mixed amid overall bearish sentiment. Pi Network\u2019s token is showing some resilience amid broader crypto market weakness, with price retesting<\/p>\n","protected":false},"author":1,"featured_media":5156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nPI holds $0.16 as 778K tokens leave exchanges: rebound brewing? - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Pi Network price rose slightly and touched highs of $0.16 amid CEX outflows as holders withdrew over 700,000 PI in the past 24 hours\" \/>\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=6941\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PI holds $0.16 as 778K tokens leave exchanges: rebound brewing?\" \/>\n<meta property=\"og:description\" content=\"Pi Network price rose slightly and touched highs of $0.16 amid CEX outflows as holders withdrew over 700,000 PI in the past 24 hours\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6941\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T16:06:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2025\/12\/Pi-Network-suspends-wallet-payment-requests.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6941\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6941\",\"name\":\"PI holds $0.16 as 778K tokens leave exchanges: rebound brewing? 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