Pi Coin Rebounds Strongly, Eyes $0.400 as Trading Volume Surges Dramatically

Pi Coin has rebounded strongly, with a 3.66% surge to $0.3594 after dipping to $0.3428. Trading volume has surged dramatically, reaching $66.6 million, an increase of over 125%. The token is currently experiencing resistance at $0.365, and traders are bracing for a breakout above this level, targeting the $0.400 resistance. Positive technical advances and upgrades to the Pi Network are fueling speculation of a potential rally to $0.400.

Pi Coin (PI) has rebounded strongly, surging by 3.66% to $0.3594, after briefly dipping to $0.3428. Trading volume has also surged dramatically, reaching $66.6 million, an increase of over 125%. The token is currently experiencing resistance at $0.365, with traders bracing for a potential breakout above this level, targeting the $0.400 resistance. Positive technical advances and upgrades to the Pi Network are fueling speculation of a potential rally to $0.400.

The recent price surge can be attributed to several developments. First, Pi secured its first regulated U.S. trading venue via Swapfone (BTCC), offering PI/USDS pairs. This listing was accompanied by a 200-PI airdrop on August 25, which likely triggered speculative buying. Additionally, Valour listed a SEK-denominated Pi ETP on regulated stock exchanges, providing access to traditional finance investors and secure custody [1].

On the technical side, the price of Pi coin rebounded from $0.33, a key Fibonacci 78.6% support, to its current $0.358 level. The MACD histogram turned positive to 0.00089782, suggesting that the bearish momentum is fading. The RSI at 44.82 remains neutral, indicating room for further upside if PI can close above $0.359. Successively, a sustained breakout above $0.381 could pave the way toward $0.4022 [1].

Pi Network is also pressing forward with a series of significant updates. The project has revealed plans for its long-anticipated v23 protocol upgrade and rolled out a Linux-compatible Node, broadening its technical foundation. These steps come on the heels of the launch of the Valour Pi ETP, which is now live on Sweden’s Spotlight Stock Market [2].

The transition from version 19 to version 23 introduces an important shift: integrating KYC verification directly onto the blockchain. This upgrade also coincides with Stellar’s move to protocol version 23, reinforcing compatibility across ecosystems. Additionally, a Linux version of the Node software has been released, giving developers and service providers greater flexibility [2].

If the protocol upgrade rolls out smoothly and the ETP gains traction among European investors, analysts believe Pi could challenge the $0.40 mark in the short term. However, if delays or technical setbacks occur, the token risks retesting its recent low near $0.30, making the next few months a decisive period for its trajectory.

References:

[1] https://coinpedia.org/price-analysis/pi-coin-price-climbs-3-will-0-381-breakout-open-doors-to-0-40/
[2] https://coindoo.com/pi-networks-biggest-upgrade-yet-could-this-spark-the-next-price-rally/