Pi Coin: Technical Indicators Point to a Bullish Reversal

Pi (PI) broke above its 7-day simple moving average (SMA) at $0.207, testing the Fibonacci 23.6% resistance at $0.251. A “falling broadening wedge” formation appeared on the daily chart — a technical pattern that often signals weakening bearish momentum and a potential reversal. The Relative Strength Index (RSI) also rebounded from 32 to 46, indicating renewed buying interest among traders.

Analysts suggest that this technical breakout could mark the start of a short-term uptrend. Short-term moving averages crossing above mid-term ones reinforce the strength of this momentum. However, the 200-day SMA at $0.48 remains a major resistance level. A daily close above $0.28 could open the path toward $0.36, while a drop below $0.25 might trigger profit-taking.

Exchange Withdrawals Create a Supply Shock

In October, more than 10 million PI tokens were withdrawn from centralized exchanges, easing sell-side pressure and reducing liquid supply. This move coincided with Pi Network’s KYC system upgrade, which verified 3.36 million users, allowing 2.69 million of them to migrate to the mainnet.

With fewer tokens circulating on exchanges, even moderate demand can have a larger impact on prices. Still, investors are watching closely, as 121 million PI tokens are set to unlock in the next 30 days — a development that could temporarily increase selling pressure.

Boost from Bitcoin’s Rally

Pi (PI) surged in tandem with Bitcoin’s 2.4% rise to $116,000, supported by optimism surrounding the U.S.–China trade outlook and easing inflation data. The overall crypto market capitalization grew by $100 billion, with altcoins like ZEC (+15%) and BCH (+6.4%) also posting strong gains.

Pi’s 0.87 correlation coefficient with Bitcoin means it tends to mirror BTC’s movements during bullish periods. However, a 1,089% increase in trading volume and a 5.48 turnover ratio indicate elevated volatility — a reminder that speculative trading may be playing a role in the rally.

What Is Pi Coin?

Pi Network is a Layer-1 blockchain project designed to make participation in the Web3 ecosystem accessible to everyone. Recognized as one of the most popular Layer-1 coins of 2025, Pi Coin (PI) serves as the network’s native cryptocurrency.

Unlike traditional mining methods, Pi mining can be done on a smartphone, offering a low-cost and energy-efficient alternative to Bitcoin. The project promotes an inclusive digital economy based on the principle of being “by the people, for the people.”

*This content does not constitute investment advice.

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Pi Network (PI) Joins the Consensus 2025 Panel!

The rise was sparked after Pi Network co-founder Nicolas Kokkalis appeared on a generative AI panel at the Consensus 2025 event. On Sunday, Pi Network’s official X account posted that more details would be shared on Thursday during the Pi2Day event.

Following this announcement, the PI token price soared to $0.65 on Wednesday, up from its Sunday low of $0.47 — marking a roughly 38% increase. However, the price later dropped. At the time of writing, the PI token is trading at $0.5595, showing a daily loss of 8.3%.

Google Partnership Speculations Go Viral on Social Media

As the price climbed, speculation about a possible partnership with Google began circulating on social media. One X user pointed out that a star icon used in a Pi Network announcement resembles the logo of Google’s AI division. Another user speculated that the announcement might relate to a project called “PiAI.”

While some community members were excited, others approached the news with caution. One comment stated, “Expectations might be high for Saturday, but it’s wise to keep them in check to avoid disappointment.” Another user criticized Pi Network for lacking real innovation, urging the community to ask more questions and stay critical.

$100 Million Startup Fund Announcement

The recent PI token activity also brought renewed attention to a major announcement made last month. On May 15, Pi Network revealed a $100 million investment fund aimed at boosting the utility of its blockchain ecosystem. The company stated that the fund would support developers through investments in both US dollars and its native token.

With all eyes now on Saturday’s Pi2Day event, the community is eager to see how the upcoming announcement will shape Pi Network’s roadmap and its standing in the crypto world.

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