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Pi Network is trading in the green on Monday and is getting close to a crucial resistance level. If it breaks above this level, it might start to rise.

On-chain data reveals big whale orders, which means that accumulation is becoming stronger and investors are feeling more confident.

The technical view points to a possible upward advance, with momentum indicators showing a positive bias as purchasing pressure grows.

At the time of writing on Monday, Pi Network (PI) was up over the weekend and getting close to a crucial technical barrier at $0.247. Sentiment has improved as momentum has grown and whales have been buying more. If buyers step up, PI might break out.

Big orders from whales in the spot and futures markets
CryptoQuant summary data shows that Pi Network has a good chance of doing well. In the spot and futures markets, there are big whale orders, which might mean that a rally is about to happen.

On Friday, Pi Network fell by about 5%, hitting the weekly support level at $0.221 again. Over the weekend, it made up most of its losses. As of Monday, it is close to the 50-day Exponential Moving Average (EMA) at $0.242. This 50-day EMA is close to the 38.2% Fibonacci retracement level at $0.247 (drawn from the high of $0.398 on August 30 to the low of $0.153 on October 10) and the falling trendline. This makes it an important area of resistance to keep an eye on.

If PI breaks and stays above the falling trendline every day, the recovery might go on to the 50% price retracement mark at $0.276.

The Relative Strength Index (RSI) on the daily chart is 56, which is above the neutral level of 50. This means that bullish momentum is picking up. The Moving Average Convergence Divergence (MACD) also exhibited a bullish crossing last week, which is still in place and supports the bullish thesis even more.

If PI, on the other hand, is turned down by the 50-day EMA at $0.242, it might fall much farther to the weekly support at $0.221.

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Pi Coin has rallied over 26% this month, outperforming BTC, ETH, and XRP.The surge appears linked to its new MiCA regulatory filing in the EU.Analysts expect a pullback toward $0.1767 unless broader market conditions improve.
Pi Coin (PI) has become one of the strongest performers in the entire crypto market, rallying sharply while most major assets struggle to hold support. Over the last 24 hours, PI has surged 14.4%, adding to a week-long gain of 13.5%, a two-week rise of 16.9%, and an impressive 26.8% increase over the past month. This performance puts Pi ahead of heavyweights like Bitcoin, Ethereum, and XRP, making it one of the rare green spots in a market dominated by fear and selling pressure.

MiCA Filing Triggers a Wave of New Investor Optimism
The biggest catalyst behind Pi Coin’s sudden upswing appears to be the project’s filing under the European Union’s MiCA regulatory framework. MiCA approval represents one of the clearest paths for crypto projects to gain legitimacy in European markets, and investors reacted to the development with renewed confidence.
PI started 2025 with bullish energy but gradually lost momentum as broader market conditions weakened. The MiCA filing has temporarily reversed that trend, giving Pi Coin its strongest rally in months. The major question now is whether the momentum has staying power — or whether it’s just a short-term breakout tied to the announcement.

Can Pi Coin Maintain This Rally in a Bearish Market?
Despite PI’s strong green candles, the broader market environment remains overwhelmingly bearish. Bitcoin’s downturn has dragged most assets lower over the past month, with sentiment weighed down by fading expectations of another 2025 rate cut and ongoing trade-war concerns. In these conditions, Pi Coin’s jump may be at risk of losing steam once early excitement cools.
PI’s current rally appears closely tied to the MiCA development, and investors could begin taking profits quickly — especially given how volatile and reaction-driven the market has been in recent weeks.
Analysts Warn of a Potential Pullback Toward $0.17
CoinCodex analysts remain cautious. Their models suggest PI could fall to $0.1767 by the end of the month, which would represent a significant 31.4% correction from current price levels. Sustaining Pi Coin’s positive trend will likely require broader market strength, something Bitcoin has not shown since slipping below major support zones. Until macro conditions improve, PI may find it difficult to climb much higher without retracing.
#pi #PiCoreTeam