Pi Network (PI) Eyes 200% Rally as First ETP Sparks Institutional Surge

Pi Network's native token Pi has broken out of a prolonged downtrend, signaling renewed bullish momentum. Technical analysis indicates potential for a 200% surge, with a double-bottom pattern confirming strong support at $0.3235. The token currently trades at $0.3444 with a $2.75 billion market cap.

The project's institutional credibility receives a major boost with its inaugural Exchange-Traded Product (ETP) launch. This regulated financial instrument expands PI's accessibility to traditional markets while bypassing direct asset ownership complexities. Market analysts view this development as a watershed moment for mainstream adoption.

Bollinger Band contraction and bullish chart patterns reinforce the optimistic price outlook. PI's 0.53% daily gain contrasts with a modest 2.57% weekly decline, suggesting accumulating pressure for an upward breakout.