Pi Network Tops Daily Charts with a 25% Rally, Here’s Why
Summary
Pi Coin experienced a significant 25% surge in the last 24 hours, marking its best single-day gain since November 2025, driven by stabilizing broader crypto market sentiment and improving technical indicators. The Relative Strength Index (RSI) rebounded after a prolonged period in oversold territory, suggesting strengthening bullish momentum as buying pressure becomes more consistent. Furthermore, Pi Coin's funding rate flipped from negative to positive, indicating that long positions now dominate the futures market, reducing the likelihood of aggressive near-term downside volatility. Currently trading at $0.171, Pi Coin faces immediate resistance at $0.173, with potential upside targets at $0.180, $0.197, and $0.212 if the rally is sustained. However, profit-taking from underwater long-term holders could lead to a pullback toward support levels like $0.150 or the all-time low of $0.130.
(Source:BeInCrypto)