Pi Network Price Soars 15%: Can the Rally Endure?

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Pi Network, that audacious token for whom the world keeps a cautious eye, enjoyed a sprightly ascent of about 15% in the past week, doing rather better than a crypto market that preferred to yawn and count its coins. A procession of upgrades and event-driven catalysts lent it a demand that even the most jaded speculator might have found hard to resist.

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The chart also shows that PI price has flipped back above the Supertrend indicator, which has now turned green. This shift typically signals a short-term trend reversal in favor of buyers and indicates that bullish momentum is gathering a faint but persistent wind.

Momentum indicators are also lining up with the price action. The MACD has moved into positive territory, with the signal lines crossing upward and histogram bars turning green, pointing to strengthening upside momentum after weeks of restrained activity.

From a pattern perspective, traders are watching for a potential double-bottom with a neckline around the $0.190 level. A sustained close above this resistance could confirm the breakout and open the door to a move toward $0.2045, with a further extension toward $0.22 if momentum carries into the Protocol 23 launch window.

However, caution remains prudent. Pi Network has previously shown a tendency to play the old game of “buy the news, sell the event” around major announcements. If the price fails to hold above $0.19, it could drift back toward the $0.17 support zone, with a deeper retreat possibly retesting the $0.165 level.

For now, the short-term bias remains tilted to the upside so long as the token holds above its recent support and the flow of favorable news persists into early May.

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2026-04-28 17:42