Pi Network Nears $1 Milestone—Here’s What’s Fueling the Surge
Pi Network—the mobile-mined crypto that had skeptics rolling their eyes—is defying expectations with a looming breakout. Analysts spot three catalysts that could propel it past the psychological $1 barrier faster than Wall Street can say ’speculative bubble.’
The Mainnet Effect: Pi’s open mainnet launch cuts out the IOU middlemen, converting years of testnet hype into real trading volume. Early adopters who mined on their phones are suddenly sitting on six-figure paper gains—if they can cash out.
Exchange Listings: Once confined to sketchy P2P markets, Pi now bypasses gatekeepers with Binance and OKX rumors swirling. Every tier-1 listing would inject fresh liquidity—and fresh bagholders.
Retail FOMO: With Bitcoin stuck in institutional custody, Pi’s sub-dollar price tag lures bored millennials chasing the next Shiba Inu. Because nothing says ’sound investment’ like a token you mined while scrolling Instagram.
Will Pi actually hit $1? Maybe. Will the ensuing sell-off crash servers? Absolutely. Welcome to crypto’s perpetual cycle of hope and exit liquidity.
PI Needs to Recapture the $0.6170 Level to Climb Back to $1
Looking at the hourly chart, the price rejected a move above the $0.6170 level on Monday. This had been a key area of support previously and has now become resistance.
However, the Relative Strength Index (RSI) has already entered oversold levels, which means that the sell-off may have gone too far.
The price tried to bounce during the Asian session but was met with an equally strong downward pressure right after. The $0.5700 support seems to be the key level to watch as the session progresses.
Trading volumes at these lows have been strong, meaning that the odds favor the continuation of the downtrend for PI.
For PI to recover to $1 it would have to first break above the $0.6170 level. As momentum indicators have reached extreme levels, this could happen in the NEAR term.
However, a strong indication that the token is ready to reverse its downtrend would be a bullish crossover between the 200-hour EMA and the 21-hour EMA.
As PI struggles to regain momentum, top crypto presales likeare thriving — with the project now approachingsince its launch in January.
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