Pi Network Token Shows Strong Gains

The Pi Network token has experienced a notable increase in value, rising by 6.3% over the past 24 hours. This performance stands in stark contrast to the 1.09% decline seen in Bitcoin during the same period.

The broader cryptocurrency market also saw a 1% decrease in capitalization, making PI’s gains particularly noteworthy.

Long-Term Trend Remains Bearish

Despite the recent positive momentum, the long-term trend on the 1-day chart remains bearish and has not yet been reversed. Buyers need to establish new swing lows to confirm a shift towards a bullish trend.

A sustained daily close above $0.299 is considered crucial for confirming a bullish structural change.

Technical Indicators Signal Buying Pressure

Technical indicators on the 1-day chart are beginning to suggest a shift in market sentiment. The Chaikin Money Flow (CMF) indicator has risen above +0.05, indicating substantial capital inflows into the Pi Network token.

The Moving Average Convergence Divergence (MACD) indicator is also advancing towards the zero line and is poised for a bullish crossover, reinforcing the positive momentum.

Optimistic Outlook on Lower Timeframes

Analysis of the 4-hour (H4) chart reveals a significant structural shift that occurred on April 16th, transitioning from a bearish to a bullish structure.

Following this breakout, traders mapped Fibonacci retracement levels. The price retraced to the 78.6% level at $0.1685, where buyers successfully defended it and initiated a renewed upward push.

Short-Term Targets and Consolidation

As of the latest data, the price is challenging the local high at $0.189. If the rally continues, short-term targets of $0.195 and $0.205 are within reach.

The downtrend that has characterized the Pi Network token since 2025 appears to have temporarily stalled over the past two months, suggesting a period of consolidation.

Investors and traders should adopt a cautious approach, focusing on selling into strength. A decisive breach of the swing high on the 1-day chart, near $0.30, is needed to establish a long-term bullish trend.