Pi Network Signals Bullish Reversal With First MACD Crossover Since July

Pi Network's price jumped 4% over the past day, registering its first notable bullish indicator since July 1. The MACD indicator displayed a positive crossover as the MACD line ROSE above the signal line—a technical confirmation of shifting momentum. Although both lines remain in negative territory, this movement indicates reduced selling pressure and renewed buyer interest.

The Balance of Power reading at 0.61 highlights strong buying activity, though Pi Network still trades below the key $0.477 resistance level. This development coincides with improving sentiment across the broader cryptocurrency markets, sparking speculation about a potential trend reversal.

Traders are monitoring for sustained momentum as Pi Network attempts to break its month-long downtrend. The MACD crossover, typically a precursor to upward movement, may attract additional buying interest if support levels remain firm.