Pi Coin (PI) has staged a remarkable recovery, soaring 33% in a single day to trade around $0.2752, positioning it as the top gainer after a brutal 90% price crash from earlier highs. This bounce marks the first significant show of strength in months, driven by tangible network developments and liquidity shifts.
Fundamental catalysts include the Pi Core Team's automated KYC rollout, which has verified 3.36 million users and migrated 2.69 million to Mainnet, enhancing trust and reducing fraud risks. However, roughly 4.76 million "tentative KYC" accounts still need completion, though migration rates are improving. On the liquidity front, over 10 million PI tokens exited exchanges in October, pushing centralized exchange reserves to around 410 million—the lowest since September—indicating a supply squeeze that often precedes larger price moves.
Community sentiment has been buoyed by unofficial chatter about SWIFT integration via ISO 20022 standards and the impending Open Mainnet launch, though these are not confirmed by official announcements. A cautionary note: 121 million PI tokens are scheduled to unlock within the next 30 days, which could introduce selling pressure if demand wanes.
Technically, the weekly chart suggests a base formation after weeks of accumulation between $0.10 and $0.20, with resistance now testing the $0.27–$0.30 band. A daily or weekly close above $0.30 could signal a reversal, with potential targets at $0.35–$0.40 and even $0.50–$0.68 if momentum accelerates. Indicators like RSI curling up from oversold levels and expanding volume on green candles support the bullish case, but hidden bearish divergences on shorter timeframes warn of underlying weakness, as seen in past patterns that led to sharp declines.
Short-term analysis from additional sources highlights a critical resistance at $0.28; a breakout here could propel PI toward $0.36 (a 41% gain), while failure might trigger a drop to $0.20 or lower. The 20-period EMA crossing above the 50-period EMA on 4-hour charts offers some upside hope, but traders should monitor for sustained buying pressure.
BTC
SOL
XRP
MIM