Pi Network (PI) has seen a significant surge in price today, gaining over 8% to reach $0.8489 within the past 24 hours, reaching a trading volume of $536.2 million. This increase brings its market cap up to $6.12 billion, ranking #31 globally. While PI is currently showing some stabilization after last week’s spike, with gains stabilizing after hitting a high of $0.978 earlier this week, traders are looking at upcoming events that could impact the price.
The current trading range for Pi Network is between $0.78–$0.86, and a potential breakout above $0.88–$0.90 may target $1.00. This bullish signal comes with an increase in volume of over 170% in the past 24 hours.
The token’s market position remains strong, though the price remains virtually flat for the past week. Source: PI/Tradingview,
However, recent news reveals a significant supply shift with 86 million PI tokens withdrawn from OKX. This move could pave the way for higher price floors in the future. Technical analysis predicts that Pi Network could rise between $0.97–$1.04 within 5-8 days if it breaks above $0.88 and sustains trading volume.
The post includes a breakdown of current price action, recent market developments, and a look at the potential future trajectory for Pi.