Pi Network climbs today: Key reasons behind the rally

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Pi network surges 10.01% today

Highlights

Pi Network has initiated a mandatory mainnet node upgrade, extending the deadline to February 15 to improve performance, security, and scalability for over 16 million users.
A recent unlocking of 59.4 million PI tokens is testing market stability as the project aims to boost token circulation and ecosystem adoption.
PI price at $0.1534 remains below key moving averages, with medium- and long-term bearish pressure persisting and a tight weekly trading range of $0.1461–$0.1490 expected.

Token unlock and upgrade drive sentiment amid network expansion

Pi Network has initiated a mandatory mainnet node upgrade with the deadline extended to February 15 to enhance performance, security, and scalability for its community of over 16 million users. Additionally, the recent unlocking of 59.4 million PI tokens serves as a key test for market stability while the project aims for broader token circulation and adoption. Alongside these developments, the ongoing Pi Network Hackathon is fostering the creation of new decentralized applications and supports the integration of PI in web3 marketplaces.

Anton Kharitonov, expert at Traders Union, sees clear technical weakness in PI as it stays below all major moving averages. He notes that despite a brief intraday push and positive intraday bull power, the MACD and ADX confirm a persistent bearish trend while Stoch RSI warns of a potential pullback. Kharitonov points to the recent node upgrade and token unlocking as key news, but warns these steps have yet to translate into lasting price support or improved sentiment. He underscores that the low probability of a breakout and shrinking price corridor are signs of further downside risk. "Market participants should stay defensive as the main trend is still downward and bullish catalysts remain unconfirmed," Kharitonov states.

Viktoras Karapetjanc, expert at Traders Union, highlights that the fundamental and community developments around PI continue to build a strong foundation. He notes the mainnet upgrade, enlarged token circulation, and active hackathon as momentum drivers for adoption and new use cases. Karapetjanc emphasizes that despite near-term technical headwinds, the project’s robust user base and development activity keep the bullish long-term structure intact. He maintains that fresh upgrades and efforts to attract developers will unlock further growth. "These initiatives position PI for broader adoption — I expect renewed upside as market sentiment catches up," Karapetjanc affirms.

Jainam Mehta, market strategist, believes PI is currently rangebound with limited trend strength, as shown by tight weekly price bands and mixed oscillators. Mehta sees a technical divergence between short-term bullish momentum and broader bearish structure, suggesting opportunities for tactical trades around support and resistance. He views the stable intraday action and volatility compression as setups for a breakout, albeit with bias to the downside unless $0.1550 is cleared. “A contrarian entry above resistance could target quick gains, but prudent risk management is essential in this environment,” Mehta recommends.

Mixed technical signals as short-term buyers clash with resistance

The current price of PI at $0.1534 is just below the 20-day moving average ($0.1550), and remains well under the 50-day ($0.1835) and 200-day ($0.2555) averages, which signals persistent medium- and long-term bearish pressure despite recent short-term strength. Immediate dynamic support lies near Kijun at $0.1651, while resistance is reinforced by the MA-20 and further above by the MA-50.

Momentum signals are mixed: the daily MACD and ADX point to prevailing bearish momentum, while the RSI is in a neutral-to-bearish zone. Stoch RSI is at an overbought extreme, suggesting a short-term pullback risk, and CCI reads neutral. Bull Power is moderately positive, indicating buyers are steady intraday, and the 10% daily surge confirms upward momentum with the price trading near the high of today’s narrow range. There was an upside gap from the previous close, intraday volatility is low to moderate, and intraday tone shows continued strength toward session highs, but oscillators and momentum indicators present a clear divergence.

Last time, analysts noted that Pi is trading below all major moving averages, with persistent bearish momentum confirmed by MACD and RSI, despite high intraday volatility and some signs of buyer activity. The price is expected to consolidate within a tight range, with resistance near $0.1651 and support at $0.1450, as broader technical indicators continue to favor downside risk.

Source of Data: PI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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