11.08.2025 10:21

Pi Network's (PI) price experienced a significant surge, breaking through a key resistance level and demonstrating considerable bullish momentum. A remarkable 16% intraday gain propelled the token above its established horizontal channel resistance, a development closely watched by market analysts.

This price rally wasn't a fleeting event; it was supported by a dramatic increase in trading volume. Nearly 150% higher than previous levels, the volume reached a staggering $270 million, effectively mitigating the risk of a false breakout and underscoring the strength of the price movement. This substantial increase in trading activity suggests strong underlying demand.

Further bolstering the bullish sentiment, the PI price successfully climbed above its 20-day exponential moving average (EMA), settling at $0.4038. This technical indicator confirmation reinforces the growing demand and validates the short-term bullish momentum observed in the market.

Currently trading near $0.413 (although the price has since experienced a minor correction from its intraday high), the Pi Network token demonstrates a compelling upward trend. This positive price action, coupled with the substantial volume increase, signals a potentially strong bullish breakout and suggests a brighter outlook for the cryptocurrency. The information used to write this summary was gathered from internet sources.