🚀 Pi Network Shows New Strength — Whale Accumulation Signals Recovery Momentum
Pi Network (PI) climbed over 2% on Tuesday after four straight days of decline, hinting at a potential rebound within its broader consolidation range. Large-wallet investors are quietly accumulating, suggesting confidence in a possible upside breakout.
Despite the price uptick, PI’s technical indicators remain mixed. The MACD flashed a fresh sell signal after crossing below the red line on Monday, while the RSI sits near 47, recovering from recent lows but still hovering around neutral territory.
Whales Continue Accumulating — A Subtle Bullish Signal
In consolidation phases, steady whale interest often points to an accumulation zone, hinting at a future trend reversal. CryptoQuant data shows increased whale activity and larger average spot market order sizes — a sign that smart money is preparing early.
At the time of writing, PI trades below its 50-day EMA, with the intraday bounce spanning from the $0.1919 October 11 low to the $0.2860 upper boundary of its consolidation structure.
A confirmed breakout requires a strong close above $0.2860, opening the door to resistance levels at:
$0.3220 — August 1 low
$0.3987 — August 30 high
On the downside, PI remains supported by the psychological $0.20 level and the October 11 low at $0.1919.
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