Pi Network (PI) Shows Bullish Signals as Trading Volume Surges Ahead of Mainnet Migration
Pi Network (PI) has dipped 6% in the past 24 hours, but a surge in trading volume suggests accumulating interest rather than weakness. The retreat below key support levels may indicate a shakeout before a stronger upward move, as heightened activity points to renewed trader positioning.
Sentiment has shifted notably after trading volume rebounded from a monthly low, with many interpreting the prior lull as a sign of a local bottom. Since its public mainnet launch, PI remains far below its all-time high, facing pressure linked to network barriers.
The upcoming Mainnet migration, highlighted by the Pi Core Team, could catalyze momentum. market participants are watching for a potential breakout toward $1 as volume and technicals realign.