Pi Network (PI) surged 48% in 24 hours with a trading volume jump of 172%, reaching $1.38.
The token broke above key resistances at $0.78 and $1.12, with RSI hitting 88.89 and MACD turning bullish.
A major Pi ecosystem announcement is scheduled for May 14, alongside speculation about CEX listings.
Pi Network (PI) registered a massive 48% gain in the past 24 hours and is currently trading at $1.38, as per CoinMarketCap data.
This Pi Network price surge sees what began as a quiet project with limited exchange listings rapidly morph into a top contender. Pi Network now boasts a market cap of $9.74 billion, enough to leapfrog Hedera (HBAR), Toncoin (TON), Shiba Inu (SHIB), and Stellar (XLM).
With Avalanche (AVAX) currently sitting in the 13th spot at $10.6 billion, Pi appears to have its eyes firmly set on a top 10 position.
A Strong Technical Breakout Backed by Massive Volume for PI Coin
Pi has reclaimed both the 20-day EMA ($0.7604) and 50-day EMA ($0.8550)—a strong bullish signal suggesting further upward movement. The breakout began after the token rebounded from its April low of $0.40, accelerating when it smashed through $0.78 resistance, followe…
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