Pi Network (PI) is up over 3% in the past 24 hours, showing a strong bounce from key support in recent days.
Some traders now believe this recovery could mark the start of the next leg higher, as selling pressure begins to ease.
Popular crypto trader Xia, followed by over 135K on X, noted that PI recently broke above the $0.63 resistance with strong volume – a sign that bullish momentum may be building.
Meanwhile, the pseudonymous user also highlighted that users’ interest in Pi is strong with 1.8 million active participants during the most recent PiFest, which indicates strong community support.
Similarly, crypto analyst Dr. Altcoin believes that Pi could recapture some of the territory it has lost during the recent selling spree as more exchanges list the token.
Top crypto exchanges like Binance have so far held off on listing PI, citing concerns around verification and compliance.
Pi Network has formally asked Binance to complete Know Your Business (KYB) verification in place of standard Know Your Customer (KYC) checks.
Still, according to Dr. Altcoin, growing demand could eventually force major exchanges to comply in order to capture PI’s rising trading volumes.
Pi Network Needs to Clear $0.72 for a Bullish Breakout
Pi Network is consolidating within a clear symmetrical triangle, holding firm above the $0.60 support zone.
Price action shows higher lows forming steadily, suggesting bullish pressure is building beneath the surface.
The RSI is climbing and now sits at 54.5, reflecting growing strength without entering overbought territory.
MACD momentum has also shifted slightly positive, with histogram bars turning green – signaling a possible bullish crossover ahead.
A breakout above $0.6375 could trigger a quick move toward $0.72, offering more than 10% upside in the near term.
The bullish setup has some analysts speculating that PI could be gearing up for a much larger move – with long-term targets as high as $10.
While PI continues to find its footing, a new AI agent token called MIND of Pepe (MIND) has quietly gained traction, drawing millions into its presale.
MIND of Pepe (MIND) Turns Viral Trends into Real-Time Insights for Token Holders
MIND of Pepe (MIND) is designed to interact with high-profile social media accounts on platforms like X and discuss relevant topics associated with meme coins to capture insightful information about the market.
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