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Pi Network Token Jumps 5% as GenAI Integration Hints Spark Rally
Pi Network Token Jumps 5% as GenAI Integration Hints Spark Rally
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token (PI) surged 5-6% on June 23-24, rebounding from recent lows amid broader cryptocurrency market gains. The rally precedes a pivotal June 28 announcement from the Pi Core Team, dubbed "Pi2Day," which hints at GenAI integration within the ecosystem.
Technical indicators reveal a falling wedge pattern, suggesting potential for a 15% upward MOVE to $0.62 if resistance levels break. However, PI remains 70% below its May peak and 82% off its February all-time high of $2.98.
Market participants are positioning ahead of July's scheduled release of 268.4 million Pi tokens—the largest monthly unlock until October 2027. Trading volume increased 3.96% during the rally, with price action fluctuating between $0.5126 and $0.552.
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