Pi Network Continues to Attract Attention with Its Notable Price Momentum

Pi Network continues to attract attention with its notable price momentum, showing strong signs of bullish activity.

Pi Network's (PI) token price displayed notable momentum on April 23, showing strong signs of bullish activity as the digital asset closed the day with a 5.36% gain.

At the time of press, Sunday, April 23, the token is changing hands at $0.6693. A significant spike in trading volume pushed total daily transactions to nearly $120 million.

Its circulating supply is currently stands at 6.94 billion PI, driving a market cap of approximately $4.64 billion. As the token inches closer to key resistance levels, many traders are eyeing the possibility of a breakout.

Support Levels Show Strong Buyer Interest

The positive trading day began with PI finding solid support near its opening price of $0.6354. This level proved resilient, with the price quickly rebounding after minor consolidation.

Subsequently, the $0.645 to $0.650 range emerged as a short-term support zone. These zones could serve as safety nets if prices face downward pressure in the coming sessions.

Importantly, PI formed higher lows throughout the day, which indicates that consistent buying demand held firm during intraday pullbacks and is confirming positive sentiment.

The healthy correction near the day’s peak also suggests bulls may be preparing for another upward push, especially with rising volume supporting the moves.

Resistance Tested As Indicators Turn Bullish

On the upside, the $0.670-$0.675 range has become a near-term resistance zone. The price touched this area and then slightly retreated. However, the lack of a sharp drop suggested buyers remained active.

The key level to watch now is the April 23rd high near $0.689. A confirmed breakout above this point could trigger another leg higher towards subsequent resistance zones.

The MACD shows a bullish crossover with the MACD line above the signal line. The histogram continues to grow positively, indicating momentum is firmly in the bulls’ hands.

Additionally, RSI has been climbing steadily and now reads at 46.24. It has crossed above the moving average of 43.49, which signals a bullish divergence. While it remains below the 50-mark, the trend is clear: bulls are gradually gaining control.

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