- Whale acquires 331M PI, signaling strong bullish market momentum.
- Pi Network eyes $0.60 as exchange listing hopes rise.
- Developer activity and reduced supply drive upward pressure on PI.
Pi Network’s native token is gaining strong upward momentum after a major wallet acquired 331 million PI tokens. This large-scale accumulation has fueled bullish sentiment across the market, pushing the token price toward key resistance levels.
PI is currently trading near $0.48 following an 8% surge in early trading hours. The price briefly crossed the $0.50 mark before experiencing a slight pullback, indicating that bulls are testing short-term resistance between $0.52 and $0.526.
Market data shows a significant drop in PI availability on exchange-like platforms, suggesting reduced supply pressure. This development, combined with the whale activity, has created favorable conditions for continued upward price action.
Technical indicators, however, point to mixed signals in the short term. The 4-hour MACD reveals a slowdown in buying pressure, while the stochastic RSI is dropping after reaching overbought levels. This suggests that a short-term dip toward $0.44 may occur before any strong rebound.
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Ecosystem Expansion and Exchange Speculation Fuel Investor Optimism
Despite this, the broader outlook remains optimistic due to increasing developer interest. The recent launch of Pi App Studio and the release of hundreds of decentralized applications have driven demand for the PI token. These ecosystem developments are adding utility and supporting long-term valuation.
In addition, growing anticipation of a listing on major exchanges like Binance or OKx is adding to investor enthusiasm. Such listings could drive higher liquidity and attract institutional participation, potentially pushing PI toward the $0.60 breakout target and even as high as $0.75 later in the year.
While current price movement is experiencing resistance, accumulation trends and ecosystem expansion remain central to the bullish narrative. The whale purchase has become a defining moment for the token’s short-term trajectory, signaling stronger market confidence.
The 331 million token accumulation has shifted momentum in Pi Network’s favor. With reduced supply and growing ecosystem traction, PI appears to be setting its sights on the $0.60 mark in the days ahead.
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