Pi Network's native token edged up 2% in the past 24 hours, holding above $0.1500 as roughly 400,000 PI tokens moved out of centralized exchange wallets. The outflow suggests some holders are accumulating rather than selling, though the token remains below key moving averages that would signal a stronger recovery.
What the exchange withdrawal data shows
Over the last day, nearly 400,000 PI tokens were withdrawn from centralized exchanges. In crypto markets, large outflows from exchange wallets are often interpreted as a sign that investors are moving tokens into personal storage, expecting the price to rise. The move comes as PI trades around $0.1536, still under the 50-period exponential moving average (EMA) at $0.1573 and the 200-period EMA at $0.1680. Staying below those averages keeps the short- and medium-term trend bearish for now.
Key price levels to watch
On the upside, the first hurdle is near $0.1550. A clean break above that could push the token to test the 200-period EMA at $0.1680. That level has acted as resistance since early April. On the downside, immediate support is at Tuesday's low of $0.1463. If that gives way, PI could slide to retest its all-time low near $0.1310 — a level not seen since the token started trading on exchanges last year.
For now, the market is watching whether the exchange outflow translates into sustained buying pressure or fizzles out. The next few trading sessions will tell if Pi Network can reclaim the $0.1680 mark or if sellers step back in at the resistance levels.
