๐ Pi Price Surge: CEX Withdrawals Signal Bullish Demand
Pi Networkโs PI token is showing strong signs of bullish momentum! ๐
๐น CEX Outflows: Over 5.14M PI withdrawn in the last 24 hours, cutting reserves to 409.55M โ a 1.24% drop.
๐น Price Action: PI gained 4.92% Wednesday and is up another 1.50% Thursday, bouncing from the $0.3442 support with a double bottom pattern targeting the 50-day EMA near $0.4319.
๐น RSI Divergence: RSI at 42, climbing from lows, signaling strengthening buying pressure.
๐น Hackathon Catalyst: The 2025 Pi Hackathon may be fueling investor excitement and withdrawals from exchanges.
๐ Technicals hint at a breakout:
โ A close above the falling channel could launch PI toward $0.5000+.
โ But a drop below $0.3442 risks retesting the $0.3220 all-time low.
๐ฅ PI is shaping up for a critical move โ are you bullish or bearish from here?
