PI Coin Eyes Rebound as Technicals Flash Bullish Signals Amid Market Turbulence

PI Coin’s recent 5% decline below the $1 mark has ignited valuation debates, but technical indicators now suggest a potential trend reversal. A MACD crossover signals building bullish momentum, with the $4 billion market capitalization demonstrating continued investor confidence.

The network faces immediate token unlock pressures as 8.9 million PI enter circulation today. Market technicians identify the $0.75-$0.78 range as a critical resistance zone - a decisive breakout could fuel a rally toward the key $1 psychological level, while failure to maintain support above $0.55 may precipitate a drop to $0.288.

Fundamental support emerges from regulatory advancements, with Banxa securing Know Your Business (KYB) approval to strengthen PI Network’s compliance infrastructure. The coming weeks will determine whether these technical recovery signals can overcome selling pressure from newly unlocked tokens.