PI Network Primed for Explosive Growth as Surging Demand Fuels Bullish Momentum

Move over, Bitcoin—PI Network's gearing up for its breakout moment.

Rising utility and fresh market appetite could catapult the mobile-mined crypto into the spotlight. Here's why traders are suddenly paying attention.

The demand catalyst no one saw coming

While legacy coins stagnate, PI's quietly building real-world use cases. Merchant adoption is ticking up, and that grassroots momentum matters more than Wall Street's algorithmic plays.

Technical signals flash green

The charts don't lie: PI's consolidation phase looks exhausted. When a project with this many active users starts making higher lows, even cynical traders put down their spreadsheets.

Just don't call it a 'moonshot'—unless you enjoy hedge fund managers rolling their eyes.

PI Breakout Sparks Optimism for Sustained Price Rally

Readings from the PI/USD one-day chart show that yesterday, PI’s price broke above the upper line of the horizontal channel. This channel had prevented any significant upward movement between August 2 and August 8.

This breakout propelled Pi to 16% gains during yesterday’s trading session. When an asset breaks above a key resistance line like this, it suggests renewed bullish sentiment and the possibility of a sustained rally. 

For PI, this breakout could mark the start of a stronger upward trend as traders gain confidence and momentum builds.

Strong Buying Interest Pushes PI Higher

Today, PI has maintained its rally, climbing by 2%. A surge in trading volume accompanies this price increase. Over the past 24 hours, it has jumped nearly 150% to reach $270 million by press time.

Rising price combined with increased trading volume like this confirms the strength of a trend. It indicates that more participants are actively buying, supporting the price movement and reducing the likelihood of a false breakout. 

For PI, the volume surge strengthens the positive momentum and suggests that the rally may continue in the NEAR term.

Additionally, PI’s rally over the past two sessions has pushed its price above the 20-day exponential moving average (EMA), confirming growing demand. At press time, this key moving average forms dynamic support under the token’s price at $0.4038.

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When an asset’s price trades above its 20-day EMA, short-term bullish momentum is growing as buying interest surges.

This confirms the asset is in an upward trend and may continue to gain strength.

PI Rally Gains Traction, Eyes $0.52

If buying momentum continues, PI could extend its rally and attempt a break above the key resistance level at $0.4451. A successful breakout above this barrier may propel the price toward $0.5281.

Conversely, if traders begin taking profits, PI’s price could retrace to support near $0.3773.