Pi Network’s PI token is showing signs of life at $0.40, bouncing within a descending channel as the broader crypto market heats up.
With the global crypto market cap hitting $4.15T, investor sentiment is turning risk-on — a setup that could spark the next PI bull run if altseason kicks in.
Market Sentiment Signals Risk Appetite
Investor greed jumped from 63 to 68 (CoinMarketCap), signaling stronger risk-taking. Meanwhile, the Altcoin Season Index climbed to 41, up from 32 a month ago, suggesting capital may soon flow from BTC and majors into higher-risk altcoins like PI.
Technical Outlook: Breakout in Sight?
PI has been consolidating inside a falling channel since May. The upper boundary — near the 50-day EMA at $0.45 — remains the breakout zone to watch. A decisive close above could trigger a trend reversal, while failure may retest $0.37 support or even the $0.33 low from August 6.
Key Levels to Watch:
Resistance: $0.45 (50-day EMA)
Support: $0.37 / $0.33
Trend Catalyst: Altseason momentum + risk-on sentiment
With market greed high and altcoin chatter growing, PI is one breakout away from joining the next wave of bullish mov
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