The native currency of Pi Network, Pi Coin, is making another strong wave. The token has surged more than 15% in the last 24 hours, and its gains in the week have gone past 30%, a strong indication that the bullish momentum is gaining momentum.
From last week’s low of $0.19, Pi Coin has been on an impressive climb, now hovering near the $0.28 resistance zone. Traders are watching closely as bulls make repeated attempts to break past this critical level, which could open the door to a stronger uptrend ahead.
Technical Breakout Shows Strength
Technical indicators show that Pi has successfully broken out of its consolidation phase, supported by a strong rebound from the $0.23 support line. This technical setup reflects growing buyer strength and a renewed sense of optimism in the market.
Crypto analyst Devid James highlighted that the latest breakout signals increasing stability in Pi’s price floor. However, he warned that the resistance of $0.3626 is a key challenge, which may not be overcome, and thus a short-term decline may occur, and it may retest the level of $0.23.
What’s Fueling the Surge?
The rally is in the context of the increasing enthusiasm in the Pi community. It has been reported that the ecosystem of Pi Network is still growing, and additional users undergo KYC verification, which increases the confidence in the development of the project.
The market has also shifted to the following Protocol 23 upgrade of Pi Network that will be released in Q4 2025 and will aim at improving the scalability and efficiency of transactions on the mainnet. This is a technical advancement that is playing out the bullish narrative of Pi Coin.
Why This Matters
The further expansion of Pi Coin is indicative of the increased hope in other crypto projects despite the unstable market.
The strength of the token demonstrates that traders are starting to consider it more than a speculative game; a project with increasing fundamentals and actual development milestones.
Provided that bulls are able to break the $0.28 barrier, Pi Coin may be in its next major breakout, possibly reaching the $0.36 zone in the nearest future.
Pi Network Adds DEX and AMM on Testnet to Expand Pi Coin Utility