🚀 Pi Network Surges Toward $1.00 as GenAI Integration Hype Ignites Investor Frenzy
Pi Network (PI) is making waves in the crypto market, jumping over 10% midweek to trade around $0.63 — a significant rebound from its weekend low near $0.46. The surge appears to be driven by growing investor excitement surrounding the project’s planned integration of generative AI (GenAI) into its Open Network protocol, which is approaching its 100-day milestone.
According to FXStreet, recent discussions involving co-founder Nicolas Kokkalis have helped fuel optimism. His panel talk hinted at the potential fusion of AI and blockchain — a combo that’s gaining massive traction across the broader crypto space. While official details are still expected, the buzz alone has been enough to spark renewed bullish sentiment.
Technically, the PI price is now facing resistance at the 100-period EMA around $0.66 on the 8-hour chart. If bulls manage to clear this hurdle, the path could open toward the coveted $1.00 level — a psychological milestone and a key resistance that, if broken, could solidify the uptrend. A supporting MACD buy signal and solid support at the 50-period EMA ($0.59) strengthen the case for continued upside.
However, downside risks remain. Should the 50 EMA support fail to hold, PI could retrace its recent gains, bringing the $0.46 support zone back into play. This area marks the weekend’s low and remains a focal point for short-term traders awaiting confirmation of the trend.
As the June 28 event nears, the Pi Network community is watching closely. The promise of GenAI implementation could be a game-changer — but whether hype translates to real utility and price breakout remains to be seen. One thing is clear: momentum is building, and all eyes are on the $1.00 level.