Pi Network’s First Bullish Crossover Since Early July Sparks Market Buzz

Pi Network just flashed its first golden cross since July—and traders are scrambling.

Bullish signal or bull trap? The crypto's MACD crossover has historically preceded rallies, but skeptics warn it could just be another 'wen mainnet' distraction.

Technical breakout or technical breakdown? With Pi still trading in IOU limbo, this pattern might just be the financial equivalent of a Tamagotchi—lots of noise, zero regulatory approval.

TLDR

• Pi Network recorded a 4% price increase in the last 24 hours.
• The MACD indicator shows a bullish crossover for the first time since July 1.
• The MACD line has moved above the signal line indicating growing bullish momentum.
• The Balance of Power reading stands at 0.61 showing strong buy-side pressure.
• Pi Network currently trades below the $0.477 resistance level.

Pi Network has posted its first major bullish signal since the start of the month, gaining 4% in the past 24 hours. The price increase follows a rise in broader market sentiment, encouraging speculation around a potential bullish reversal. Technical indicators now reflect growing buying pressure as bulls regain short-term control.

Pi Network MACD Signals Bullish Reversal

The Pi Network’s Moving Average Convergence Divergence (MACD) chart has just signaled a positive crossover for the first time this month. The MACD line crossed above its signal line, indicating a shift from declining to rising momentum. Traders often use this movement to identify early bullish trends.

Despite both lines staying below the zero mark, the crossover reflects easing sell pressure and renewed bullish interest. Since July 1, PI Network had been stuck in a downward trend with weakening momentum. This crossover breaks that pattern and strengthens the case for further gains if support holds.

Moreover, the MACD’s change comes amid renewed Optimism across the altcoin market, lifting sentiment around smaller assets. Pi Network benefits from this upswing and is now attempting to establish a new short-term trend. Continued price stability will be needed to confirm the bullish setup.

Balance of Power Backs Buyer Strength

The Balance of Power (BoP) indicator for Pi Coin now stands at 0.61, supporting the case for a bullish continuation. Positive BoP values suggest that buyers currently outmatch sellers and control short-term direction. This level marks one of the strongest buyer readings since the start of the month.

Pi Network’s strengthening BoP reading aligns with rising prices and decreasing downward pressure in recent sessions. Combined with the MACD crossover, the current setup increases expectations for further gains. However, sustained demand will be needed to maintain momentum.

The current price remains under resistance at $0.477, with the next upside target near $0.508. If Pi Network breaks this level, the former resistance could turn into a new support zone. That transition WOULD increase market confidence and validate the early bullish signals.

Bullish Signals Rise but Demand Lags

Pi Network must generate more demand to break out of its short-term range and sustain gains above the $0.477 resistance mark. While indicators have shifted positively, the coin still faces lingering supply that may slow upward movement. A clear MOVE above resistance would reinforce bullish momentum.

If demand fails to rise further, Pi Network may face another price rejection and re-enter a consolidation pattern. Failure to hold current levels could push the price back toward the $0.445 support zone. As of now, technical signals favor a bullish case, but demand must follow.

With a new trend potentially forming, market watchers will monitor whether Pi Network can sustain this shift. The MACD and BoP indicators suggest that bullish strength is returning after weeks of weakness.