Pi Network's Price Surges on Bullish Momentum and Industry Recognition
Pi Network's market capitalization stands at $2.19 billion, with a fully diluted valuation exceeding $3.37 billion. Its daily trading volume is approximately $45.28 million. The network's price has shown recent volatility, with a 24-hour range of $0.265 to $0.279.
The Moving Average Convergence Divergence (MACD) indicator is recovering, hinting at a potential bullish crossover. This could reinforce the current bullish momentum trend. Pi Network's price rise on Wednesday, coupled with an increase in the Relative Strength Index (RSI) to 34, signals growing buying pressure. Chengdiao Fan's presentation at Token2049 on Blockchain and Artificial Intelligence, which highlighted Pi Network's achievements, may have contributed to this rally.
If the rally continues, the immediate resistance for Pi Network is at the upper trend line of the falling channel pattern around $0.3220. However, if the network fails to maintain momentum, a drop below Thursday's low of $0.2565 could pave the way towards the $0.2000 psychological mark. On October 2, 2025, the price of Pi Network was $0.266, a decrease of 2.3% in 24 hours, equivalent to IDR 4,415 in rupiah.
Pi Network's price movements and indicators suggest a potential bullish trend, driven by recent presentations and growing buying pressure. However, the network must overcome resistance at $0.3220 to confirm this trend. If the rally falters, support levels around $0.2565 and $0.2000 will be crucial to monitor.
