Pi Network (PI) price hovers nearly 7% up on the day as buyers push for a potential retest of the resistance level near $0.20.

However, this uptick comes amid decreased trading activity, with daily volume down 6% to about $33 million.

The overall market sentiment also suggests bulls have their work cut out, particularly if they cannot hold the upward momentum.

What happens in the Bitcoin market, whose price movements have recently dictated direction for top altcoins, could also provide additional context for PI.

As of writing on March 20, 2026, PI traded around $0.191, with intraday movement aligning with Bitcoin's revisit of the $70,000 mark.

BTC touched highs of $76,000 this week, before plummeting to under $70,000 and then reclaiming it as support.

It is amid the broader macro and geopolitical tensions-driven environment that Pi Network is looking to extend its uptick.

A 7% increase over the past 24 hours has pushed PI from recent lows around $0.17, and the intraday highs of $0.19 to hover just shy of the $0.20 mark.

This rebound follows the token's dump from highs of $0.29 on February 13, 2026.

From a fundamental point of view, the uptick aligns with improved sentiment following Pi Network's ongoing mainnet developments and community-driven adoption efforts.

The key to the latest gains is the announcement that Pi Mainnet has successfully activated its Protocol 20 upgrade, putting the network on the cusp of supporting smart contracts.

Analysts note that this highlights the potential for greater adoption and upside continuation in PI price.

The token surged 30% ahead of its listing on Kraken on March 13, but fell sharply as buyers took profits.

Downside pressure has held amid notable token unlocks, with 17 million tokens unlocked on March 17.

Current price pressures come amid a 16 million unlock scheduled for March 20. This is creating a short-term bump for PI bulls.

PI price is currently 93% below its all-time high of $2.98 reached in February 2025.

From a technical analysis perspective, PI has broken above the 50-day Exponential Moving Average and is looking to retest the area around the 100 EMA.

It’s the 100-day EMA that currently acts as immediate resistance near $0.20, sitting near a supply zone that sellers have successfully defended in previous sessions.

A decisive breach above this level, on strong volume, could allow for a bullish path to $0.23. Past this first target, PI will target $0.27, with $0.30 also in play if momentum holds.

However, the near-term bias is slightly bearish amid the broader market outlook as macro and geopolitical tensions dictate risk-off sentiment.

If PI breaches the support zone around $0.18, bears could push to lows of $0.15.

The post Pi Network near $0.20 resistance: will bulls break through now? appeared first on Invezz

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