Pi Network Loading: Whales Are Here — Are You?

With gains of 28% in the previous week, this price action indicates a continuous advance for the Pi cryptocurrency. Rising market interest, favorable technical patterns, and notable whale accumulation—signaling increasing investor confidence in the Pi Network market—fuel the surge.

Technical Notes Point to Bullish Setup

Pi Coin price broke through important micro-resistance at $0.65 on May 8 early trade hours. A breakthrough propelled by a golden cross on the MACD and persistent overbought indications on the RSI drove the Pi Network Coin value to $0.78—a level presently functioning as strong resistance.

Following high, the price went into a consolidation period spanning support at $0.70 to resistance at $0.78. Analyzers think a breakthrough above this area might set off a rapid climb. "If bullish momentum sustains, Pi could cross $0.80 and test $0.95 or even $1.00 in the next days," stated one technical expert.

Like Pepe Coin's recent 70% increase, Pi is also creating a symmetrical triangle pattern on the daily chart—a configuration noted for strong breakouts. The calculated movement of the triangle puts the objective Pi Coin market value around $0.95, thereby providing bulls with a hopeful route map.

Whales and Institutions Fill Up on Pi Tokens

Pi crypto value is pushed behind-scenes by significant accumulation. On-chain data shows that in one transaction 20 million Pi tokens—worth around $14 million—were bought from OKX and transferred to private wallets. This kind of whale behavior is seen by analysts as an indication of long-term confidence.

Furthermore, Banxa, a payments tool connected with Pi Network, bought another 10 million PI tokens. The action follows Banxa's KYB (Know Your Business) clearance to provide Pi Coin trading internationally. This institutional interest is lowering circulating supply on exchanges, hence increasing demand on Pi crypto price.

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