Pi Network is rising today: what traders are watching

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Pi Network Surges 15.30% Today

Highlights

Pi Network will enable deposits via the ETH-ERC20 network and launch trading auctions, expanding access and institutional adoption potential.
The project is integrating with the ISO 20022 messaging standard, enhancing interoperability with global financial services infrastructure.
Over 2.7 million users have migrated to mainnet after KYC verification, demonstrating significant network engagement and growth momentum.

Institutional adoption rises as deposit launch and user migration boost access

Pi Network is preparing to open deposits via the ETH-ERC20 network and commence trading auctions, supporting broader institutional adoption and improved access for users. This initiative is linked to the project's integration with the ISO 20022 messaging standard, strengthening its interoperability in global financial services. Additional momentum comes from over 2.7 million users migrating to mainnet following KYC verification, highlighting strong network engagement.

Anton Kharitonov, expert at Traders Union, notes that Pi Network’s bullish short-term momentum is fueled by positive institutional developments, such as integration with ISO 20022 and strong user migration numbers. He sees sentiment buoyed by the project’s initiative to open ETH-ERC20 deposits and engage broader financial audiences, even as the long-term trend remains under pressure. Kharitonov adds, "With recent institutional steps and growing community engagement, participants have reasons for cautious optimism, but should stay alert for potential volatility around current resistance levels."

Viktoras Karapetjanc, expert at Traders Union, evaluates Pi Network's outlook as fundamentally neutral, citing strong user base growth after KYC verification and its push to align with global standards like ISO 20022. He emphasizes that these developments could lay groundwork for wider adoption but that unresolved macro risks and the prevailing downtrend in the longer horizon temper expectations. "The key, in my view, is whether Pi can translate these regulatory and technical advances into sustained market confidence beyond short-term price moves," Karapetjanc states.

Strong sell signals intensify as support holds and overbought readings emerge

The nearest dynamic support for PI is found at the Ichimoku Kijun level of $0.2307, with resistance at the MA-50 or the round number of $0.2700. Momentum indicators show notable divergence — daily MACD and ADX both signal a strong sell, reflecting trend exhaustion, while RSI at 75.84 and CCI at 202.5 indicate overbought conditions. The Stochastic RSI is also overbought, and BBP remains neutral, suggesting a balance between buyers and sellers intraday. The Awesome Oscillator stays in buy mode, supporting existing upward pressure.

Previously it was noted that Pi Network experienced renewed development as new DeFi features, including a DEX and AMM pools, were launched on the testnet to support developer innovation. The asset continued to face steep market challenges, with an $18 billion decline in market value over the past six months, leading to heightened investor caution.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.