Pi Network Exhibits Bullish Momentum as Buying Activity Surges
Pi Network's price action indicates a potential breakout as buying pressure escalates. The altcoin has maintained a narrow trading range between $0.629 and $0.656 since late May, highlighting market uncertainty during a period of low volatility.
Technical indicators now signal increasing bullish momentum. A Balance of Power (BoP) reading of 0.29 confirms buyer control, while the Elder-Ray Index reflects weakening bearish influence. These conditions typically precede substantial upward movements following consolidation phases.
Traders appear to be preparing for a possible push beyond the $0.65 resistance level. The tightening trading range and strengthening technical indicators resemble patterns observed before previous crypto market breakouts.
