Pi Network (PI) is currently trading at $0.2505, positioned above both the MA-20 at $0.2290 and the MA-50 at $0.2283, while it remains significantly below the MA-200 at $0.4330. This configuration indicates bullish momentum in the short and medium term, but lingering downward pressure in the long term.
Highlights
- Pi Network achieved full compliance with EU's MiCA regulations after PiBit Ltd. submitted and registered a compliant whitepaper.
- Legal trading of Pi Coin is now permitted across regulated EU and EEA exchanges following MiCA compliance approval.
- Spotlight Stock Market in Sweden launched a Pi-linked Exchange-Traded Product, and Pi Network enhanced GDPR compliance alongside new privacy and AI partnerships.
EU MiCA compliance and ecosystem expansion drive regulatory optimism
Pi Network has achieved full compliance with the European Union's MiCA regulations following the submission and registration of a compliant whitepaper by its affiliate, PiBit Ltd. This milestone enables legal trading of Pi Coin across regulated EU and EEA exchanges and is supported by the launch of a Pi-linked Exchange-Traded Product on Sweden’s Spotlight Stock Market. The network also enhanced GDPR compliance and expanded its ecosystem through partnerships focused on privacy and AI-powered applications.
Mixed signals from oscillators as volatility tempers bullish trend
Short- and medium-term momentum for PI remains bullish, as the price stays above both the MA-20 and MA-50, but longer-term sentiment is weak as it remains below the MA-200. The nearest dynamic support is found at $0.2290 (MA-20), with resistance near $0.2648 or the round $0.2600 area. No active bullish or bearish crossovers are currently in play. Momentum indicators are mixed: MACD signals strong selling, ADX on D1 is neutral and low, while RSI trends near neutral but mildly bearish, and both Stoch RSI and CCI are overbought. BBP shows strong intraday buyer dominance, though the Awesome Oscillator does not confirm a clear direction. PI is trading mid-range within the day’s band, reflecting volatile but strong session highs, with diverging oscillator signals suggesting a degree of hesitation.
Previously it was noted that holding the $0.19 support zone could preserve the potential for a technical rebound or a move toward higher resistance levels. Last time we reported that Pi Network continued to show strong bearish behavior, confirmed by both RSI and MACD indicators.
- Forex
- Crypto