🚀 PI NETWORK (PI) SHOWS BULLISH SIGNS AS CEX WITHDRAWALS SURGE

Pi Network’s $PI token is gaining traction, with fresh signals pointing toward bullish continuation. Recent CEX outflows and technical patterns suggest rising demand and potential upside momentum.

🔑 Key Highlights

Price Action: PI is holding around $0.3653, just under its recent high at $0.3747.

Technical Setup: RSI divergence + double bottom pattern indicate a possible trend reversal.

CEX Outflows: Over 5.14M PI tokens were withdrawn in 24 hours, cutting reserves to 409.55M (PiScan).

Catalyst: The Pi Hackathon 2025 may have fueled these withdrawals, tightening supply.

Targets & Support:

Strong support: $0.3442 (double bottom confirmation).

Next resistance: 50-day EMA near $0.4319.

Breakout zone: If breached, PI could aim for $0.5000.

📊 Indicators & Risk

RSI: Recovering at 42, showing renewed buying interest.

MACD: Still sideways → cautious optimism remains.

Risk Note: A drop below $0.3442 would invalidate the setup and could retest the all-time low at $0.3220.

💡 Overall, PI shows solid bullish potential fueled by tightening CEX supply and positive technicals — but watch the key support closely.

---

#PiNetwork #PI #CryptoTrading #BullishSetup #CEXOutflows #Write2Earn