🚀 Pi #coin 🔥🔥 Surges 14% in 24 Hours—Eyes $1 Milestone Amid Whale Accumulation

Pi Network's native token, 🤑🔥#Pi Coin (PI), has experienced a significant 14% surge in the past 24 hours, reaching an intraday high of $0.78. This rally is part of a broader 23% weekly gain, driven by bullish technical patterns and substantial whale accumulation.

Technical Indicators #signal 🔥🤑 Bullish Momentum

On May 8, PI #broke through a key resistance level at $0.65, propelled by a golden cross on the MACD and overbought signals on the RSI. The price is now consolidating between $0.70 and $0.78. Analysts suggest that a breakout above this range could propel PI towards $0.95 or even the coveted $1.00 mark in the near term.

Whale Accumulation Boosts Investor Confidence

Significant on-#Chainlink activity indicates strong institutional interest. Notably, 20 million PI tokens, valued at approximately $14 million, were transferred from OKX to private wallets in a single transaction. Additionally, Banxa, a payments platform integrated with Pi Network, acquired 10 million PI tokens following its KYB approval for global Pi Coin trading. These moves are seen as bullish indicators, reflecting growing confidence in Pi's fundamentals.

Market Tailwinds and Future Outlook

The broader cryptocurrency market is also experiencing positive momentum, with Bitcoin recently surpassing the $100,000 mark. This favorable environment, combined with Pi's technical setup and institutional interest, positions PI for potential further gains. Analysts are watching for a breakout above $0.78, which could signal a move towards $0.95 or higher.