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Pi Network is Inching Towards $1 Thanks to a Major Shift in Holder Behavior

  • Pi Network's token surged over 40% recently, reaching a high of $0.78659 amid rising momentum and market optimism by May 2025.
  • This surge follows earlier price lows near $0.40 and may be driven by unknown entities accumulating millions of tokens and speculation around a major exchange listing.
  • Technical indicators show Pi Network is in overbought territory with RSI at 72.31 and the price breaking above the upper Bollinger Band, signaling strong but possibly overheated momentum.
  • Key support levels reside near $0.61, resistance holds around $0.78, and failure to maintain current levels could trigger a pullback despite current bullish signals.
  • The price increase suggests growing investor confidence and speculation ahead of events like the May 14 announcement, but risks of correction remain given technical overextension.
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Crypto Reporter broke the news in on Friday, May 9, 2025.
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