PI token jumps 10% as breakout above $0.67 triggers high volume and RSI nears overbought levels
A 5 billion supply spike hints at internal test ahead of potential listing on Binance or BitMart
MACD supports continued PI rally as listing anticipation fuels FOMO and targets $1 price zone
Pi Network’s PI token has experienced a significant surge, climbing 10% in the past 24 hours to trade at $0.6872, accompanied by a 40% increase in trading volume. This rally for the PI token mirrors broader crypto market strength, with Bitcoin reclaiming $103,000 and Ethereum clearing $2,200.
Technically, PI has broken above its 20-day Exponential Moving Average (EMA) at $0.6291. More importantly, it breached key resistance between $0.66 and $0.67, backed by strong volume that confirms significant buying pressure. If PI holds this breakout, its next target could be the $0.85-$1.00 range.
PI Supply Anomaly Fuels Exchange Listing News
An unusual, brief spike in PI token’s circulating supply has caught market attention. Analyst Dr. Altcoin noted the circulating supply briefly rose by 5 billion tokens, (from 7 billion to 12 billion), before quickly reverting. This change did …
The post PI Chart Screams Bull Run as Supply Shift and Listings Stir Up FOMO appeared first on Coin Edition.
