Pi Network Price Surges 11% Amid Token Withdrawal

Pi Network (PI) has recently gained significant attention following an 11% surge in its price, triggered by the withdrawal of over 86 million tokens from a major exchange. This move has sparked speculation about a potential supply squeeze, as the platform's PI reserves were drastically reduced to just 21 million tokens. The sudden exodus of tokens has been interpreted by some investors as a strategic effort by large holders to limit the circulating supply, potentially driving the price higher. Community voices have described the event as a "power move," reflecting growing confidence in the asset's future trajectory.

Technical indicators support the recent rally, with the Directional Movement Index (DMI) showing signs of growing strength. The ADX, which measures the strength of a trend, has climbed from 12.46 to 16.6 in the past day, indicating that momentum is building. The +DI line, which tracks bullish pressure, has increased to 25.98, while the -DI, representing bearish pressure, has dropped significantly to 14.45. This divergence suggests that bulls are gaining control and sellers are stepping back, supporting the narrative that Pi Network may be entering a more decisive upward trend if this momentum continues.

However, not all signals are fully confirmed. The Chaikin Money Flow (CMF), a volume-based oscillator that measures buying and selling pressure, has dropped to -0.03, indicating lingering indecision in the market. While the overall selling pressure has eased significantly, the recent dip back below the zero line suggests that buyers haven’t fully taken control. A CMF hovering around the neutral zone could imply indecision in the market or a pause after the recent rally. For bulls to regain full momentum, the CMF would ideally need to push back into positive territory and hold, confirming sustained capital inflows and supporting the case for continued upside.

Pi Network’s Exponential Moving Average (EMA) lines are starting to align in a bullish setup, with a potential golden cross formation on the horizon. A golden cross occurs when a short-term EMA crosses above a long-term EMA, signaling the possibility of a sustained uptrend. If this pattern confirms, PI price could gain enough momentum to challenge the resistance at $0.96. A breakout above that level may open the door for further gains toward $1.30, and with strong follow-through, the price could even reach $1.67—levels not seen in recent trading activity.

However, the bullish scenario is not guaranteed. If the current uptrend loses steam and buying pressure weakens, Pi Network could retrace to test support at $0.66. A breakdown below that level would likely shift sentiment more bearish, exposing the token to further downside toward $0.57. While technical signals lean optimistic for now, traders will be closely watching whether the golden cross materializes and if resistance levels can be cleared convincingly.

Despite the recent surge, questions still linger regarding Pi Network's long-term fundamentals, particularly its mainnet rollout, exchange listings, and broader use-case development. These factors will be crucial in determining the token's future trajectory and whether it can sustain its recent gains. As the market awaits further developments, the next few days will be critical for confirming PI’s direction and validating the bullish momentum.