Recently, I noticed that Pi coin's trend is quite interesting, rebounding around $0.17 last week, with a 24-hour increase of 1.44%, indicating that buying interest is starting to pick up again. While monitoring the market, I found that traders are all paying attention to the deadline for the mainnet node upgrade in early March, seemingly viewing it as an important market catalyst.

From a technical perspective, PI coin is currently holding steady above $0.16, a level that has previously attracted buyers multiple times. The four-hour RSI index is about 53, still in the neutral zone, leaving plenty of room for upward movement. The MACD is also showing some bullish signs, with the signal line curving upward; if buying interest continues in the short term, PI coin might attempt to move higher.

The resistance level is at $0.18. If it can break through steadily, the next target could be $0.20. However, risks are also present—if it falls below the $0.16 support, then whether $0.14 can hold becomes crucial. Honestly, this rebound is mainly driven by improved market sentiment, but how far it can go depends on whether the mainnet upgrade can truly boost activity. Traders have been waiting to see how PI coin performs afterward, and it seems that $0.18 is a key psychological level.