Pi Network (PI) surged over 10% with a major spike in trading volume ahead of Pi2Day
Technicals show PI attempting a breakout from a descending triangle, signaling bullish intent
The rally is fueled by hype for the June 28 event and speculation of major announcements
Pi Network (PI) captured the market’s attention today, surging over 10% to stand out as a top performer alongside Stacks (STX) and Maple Finance (SYRUP).
The move came with a notable 14.88% spike in trading volume, reaching $131 million, while the market cap soared to $4.44 billion, making PI the 27th-largest digital asset by market capitalization, as per CoinMarketCap data.
This move comes alongside a generally bullish day for the crypto market, with Bitcoin holding near $106,000 and Ethereum trading around $2,400.
Is Pi Network Staging a Technical Breakout?
Chart analysis on the PI/USDT pair suggests a major descending triangle breakout may be in progress. Price action has pressed against the triangle’s resistance trendline, and today’s breakout attempt brings the pair close to a bullish inflection point.
Related: Pi Network Price Prediction for June 24 2025
The OBV (On-Bal…
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