Pi Coin Surges 13%: Here is What’s Fueling the Rally
Pi Network’s native token soared 13% in the past 24 hours, fueled by growing anticipation for the upcoming Pi2Day event on June 28 and a clear technical breakout above key resistance levels.
The rally comes as traders and community members speculate on major ecosystem updates that could reshape the project’s roadmap.
Pi2Day Hype Triggers Renewed Market Focus
Excitement around Pi2Day is driving speculative inflows, with the community expecting announcements related to enhanced KYC processes, mainnet development, and AI integration initiatives, according to Pi Network News.
The annual Pi2Day celebration is increasingly viewed as a catalyst event, with potential protocol updates drawing interest from both retail participants and strategic investors.
Key Technical Breakout Adds Fuel
Pi recently broke above $0.5868, the upper Bollinger Band on the 4-hour chart, and registered a Relative Strength Index (RSI) of 80.38, signaling overbought conditions not seen in weeks. Price action is now testing the $0.65 Fibonacci extension level, derived from June’s prior swing move.
Traders are closely monitoring the 50-day EMA at $0.66 for confirmation of a broader trend reversal and continuation to higher targets.
On-Chain and Institutional Signals Support the Rally
On-chain data shows a 42% increase in non-exchange wallets since Q2, reflecting growing retail interest. Meanwhile, institutional participation has surfaced, with Banxa acquiring 10 million PI tokens following KYC clearance—highlighting increasing confidence in Pi Network’s infrastructure.
With ecosystem expectations and technical momentum aligned, Pi traders are positioning for potential upside as Pi2Day approaches.
Kosta Gushterov
Reporter at Coindoo
Коста се присъедини към екипа през 2021 г. и затвърди позицията си с жаждата си за знания, невероятната си отдаденост и „детективския“ си начин на мислене. Той не само покрива широк спектър от актуални теми, но и пише забележителни рецензии, PR статии и образователно съдържание. Работата му е цитирана и от други информационни агенции.
