Pi Network Price Forecast: PI explodes toward $1.00 on generative AI integration optimism :

Pi Network rallied in double digits, testing resistance at the 100-period EMA on the 8-hour chart near $0.66.

After marking 100 days since the launch of Open Network, the Pi Network team eyes generative AI integration.

Support at the 50-day EMA around $0.59, alongside a MACD buy signal, could boost the uptrend toward $1.00.

Pi Network (PI) is on the move, rallying in double-digit gains to trade at around $0.63 at the time of writing on Wednesday. The breakout extends the recovery from the weekend sell-off to $0.46, buoyed by sentiment surrounding the potential integration of generative Artificial Intelligence (AI).

Pi Network steadies uptrend on community sentiment

The Pi Network team hinted at the possibility of integrating GenAI after the protocol marked the first 100 days since the launch of the Open Network blockchain. A panel discussion featuring Nicolas Kokkalis, the project’s co-founder, boosted social buzz, with positive sentiment ticking higher.

Santiment data shows elevated mentions on social channels, including X, Telegram and Reddit. Based on the Social Volume chart below, the buzz around PI has steadied this week, reaching 35 on Wednesday.

Positive sentiment rose in tandem with social volume, as observed in the chart below. A steady increase in sentiment has the potential to sway price action upward.

The Pi Network team is expected to provide details of co-founder Kokkalis’ panel discussion, which may confirm the plausibility of GenAI integration. Interest in the intersection of AI and blockchain technology continues to gain momentum in the broader cryptocurrency market, which may explain the hype surrounding the June 28 announcement.

Technical outlook: PI upholds uptrend, aiming for $1.00