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<p>Pi Network price shows a strong bullish reaction from the 0.618 Fibonacci Golden Pocket, forming an engulfing candle that signals a reversal toward the $0.29 resistance.</p>
<div id="cn-block-summary-block_eaf12b96e4c60a9b5b4ea7968807ff9d" class="cn-block-summary">
 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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 <div class="cn-block-summary__content">
  <ul>
   <li>Pi Network bounces from the 0.618 Fibonacci golden pocket.</li>
   <li>Bullish engulfing candle confirms renewed buyer demand.</li>
   <li>Holding above support keeps $0.29 rally in play; losing it risks $0.19 retest.</li>
  </ul>
 </div>
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<p>Pi Network (<a href="https://crypto.news/price/pi-network/" rel="noopener noreferrer nofollow">PI</a>) has shown early signs of recovery after finding strong support at the&nbsp;0.618 Fibonacci golden pocket, a critical confluence zone where bullish momentum has re-emerged. The move comes after a period of sustained weakness, where price failed to hold above the&nbsp;value area high&nbsp;before reversing sharply into the golden pocket support region.</p>
<h2 class="wp-block-heading" id="pi-network-price-strong-key-technical-points-strong">Pi Network price <strong>key technical points</strong>:</h2>
<ul>
 <li><strong>Golden Pocket Support:</strong>&nbsp;The 0.618 Fibonacci retracement acts as the key pivot zone for potential reversal.</li>
 <li><strong>Bullish Engulfing Candle:</strong>&nbsp;A 4H engulfing pattern formed at support, confirming strong buyer interest.</li>
 <li><strong>Next Target:</strong>&nbsp;$0.29 remains the immediate resistance for continuation if volume sustains.</li>
</ul>
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<figure class="wp-block-image size-full"><img loading="lazy" width="2296" height="1250" src="https://media.crypto.news/2025/10/PIUSDT_2025-10-29_01-38-52.webp" alt="Pi Network price rebounds at Golden Pocket, why $0.29 is back in sight - 17">
 <figcaption>
  PINETWORK (4H) Chart, Soure: <a target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<p>From a technical perspective, Pi Network’s current structure reflects a classic&nbsp;Fibonacci-based reaction. After a rejection near $0.29, price action retraced precisely into the&nbsp;0.618 golden pocket, where buyers have now stepped in with conviction. The&nbsp;bullish engulfing candle&nbsp;that followed is accompanied by visible volume influxes&nbsp;on the volume profile, a key confirmation of renewed buying interest.</p>
<p>This confluence between the&nbsp;Fibonacci level,&nbsp;local volume support, and&nbsp;structural base&nbsp;suggests that the&nbsp;$0.20–$0.22 region&nbsp;could serve as a short-term accumulation zone before price attempts to rotate higher. As long as the market holds above this pocket, the probability of a&nbsp;rally back toward $0.29&nbsp;remains high.</p>
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<p>However, if price fails to sustain above the&nbsp;0.618 Fibonacci level, the bullish setup would weaken. A decisive breakdown could expose the next high-timeframe support near&nbsp;$0.19, the base of the prior rally, effectively negating the current reversal attempt.</p>
<p>Market structure remains cautiously bullish as long as price holds above the&nbsp;golden pocket zone. The engulfing candle signifies that momentum has shifted, but confirmation requires continued&nbsp;bullish volume influxes&nbsp;in the coming sessions.</p>
<p>If buying pressure strengthens, Pi Network may reclaim short-term moving averages and retest the&nbsp;$0.29 resistance, where a breakout could trigger further upside continuation. Conversely, waning demand could lead to sideways consolidation before any decisive move.</p>
<h2 class="wp-block-heading" id="strong-what-to-expect-in-the-coming-price-action-strong"><strong>What to expect in the coming price action</strong></h2>
<p>Pi Network’s&nbsp;$0.20–$0.22&nbsp;region will serve as the pivotal zone to watch. Sustained price action above this level with strengthening volume would confirm that the&nbsp;golden pocket bounce&nbsp;has initiated a genuine reversal. A clean breakout toward&nbsp;$0.29&nbsp;would reaffirm the return of bullish sentiment and likely extend the current recovery trend.</p>
<p>Read more: <a href="https://crypto.news/shiba-inu-price-eyes-25-35-upside-as-technicals-strengthen-after-shib-token-burn/" rel="noopener noreferrer nofollow"> Shiba Inu price eyes 25–35% upside as technicals strengthen after SHIB token burn </a></p>
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Pi Network price rebounds at Golden Pocket, why $0.29 is back in sight

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