#PiNetworkMainnet

Pi Network (PI) Breaks All-Time Highs as Volume Exceeds $3 Billion

Pi Network (PI) has skyrocketed more than 70% in the last 24 hours, propelling its market capitalization to $16 billion and its volume to more than $2.3 billion in the last 24 hours.

Despite reaching new all-time highs near $3, this technical divergence suggests a volatile path ahead for PI. Traders are watching closely as the token navigates between bullish momentum that could drive it toward $4 and warning signs that might trigger a pullback to support levels as low as $1.7 or even $0.79.

Pi Network DMI Shows the Uptrend Is Very Strong

The Pi Network’s Directional Movement Index (DMI) is showing remarkable momentum, with its Average Directional Index (ADX) surging to 57.7 from just 12.3 a day ago.

PI BBTrend Is Negative Despite the Price Surge

Despite the ongoing price surge, Pi’s Bollinger Bands Trend indicator (BBTrend) has plummeted to -11, marking a dramatic decline from its reading of 51.2 just three days ago, after hovering between 1 and 3 yesterday.

The BBTrend indicator is a specialized technical tool that measures price movement relative to Bollinger Bands. It essentially quantifies how price is trending within these volatility-based channels.

Positive readings indicate upward price movement relative to the bands, while negative values suggest downward movement or reversion toward the middle band.

This sharp decline to -11 in Pi’s BBTrend could signal that the current uptrend is becoming significantly overextended and potentially vulnerable to a correction or consolidation phase.