Pi Network Price Has Surged Over 4% Following the Launch of Its Migration Roadmap

Pi Network price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap.

Pi Network (PI) price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap. Although the token is showing some signs of recovery across several indicators, it is too soon to confirm an uptrend.

Technical indicators like the Ichimoku Cloud and RSI (Relative Strength Index) are showing that price might be recovering from the recent bear trend. However, the token is still facing strong resistance at the 0.65 level, which is preventing it from making a clear breakout.

Moreover, many in the Pi Community are frustrated that the new Migration Roadmap is not clear enough and also lacks specific dates. This adds another layer of complexity and uncertainty about where the price is headed next.

What Is Happening With Pi Network Today?The price of Pi Network (PI) has risen by more than 4% in the past 24 hours. This comes after the token launched its Mainnet Migration Roadmap. However, despite some signs of recovery, it’s too early to confirm a clear uptrend.

The cryptocurrency is still encountering strong resistance, and the new Migration Roadmap has left many users frustrated due to a lack of specific dates and details.

As noticed by some members of the Pi Community, there are some discrepancies in the coins that users have in their wallets and what the new report from Pi Network states. Some users are complaining that they cannot get in touch with support to report this issue.

Another point that is causing frustration is the claim that all tokens were minted at genesis. This statement has sparked discussion among users on forums, who are raising concerns over the lack of transparency.

Earlier this month, 108.9 million tokens were unlocked, and there are rumors that an exchange listing could be announced soon.

Where Is The RSI Placing The Price Trend Now?

The price of Pi is currently testing the key resistance at $0.66. A breakout above this level could push the token to $0.789 or even $0.858, which would likely ignite more bullish momentum.

If the bulls succeed in pushing the price above the $0.85 level, then the next resistance is at $1.23, followed by $1.79. A successful breakout above the $1.79 mark could possibly propel PI to new all-time high levels.

However, the new Migration Roadmap announced by Pi Network has left many users frustrated due to a lack of specific dates and details. This lack of clarity is adding another layer of uncertainty about where the price of PI could go next.

If the bears manage to sink the price below the $0.65 level, then the next support is at $0.54, followed by $0.40.

The next few trading sessions could be crucial for the direction of the token, which will depend largely on both technical signals and the mood of the Pi Community.

Is Consensus 2025 A Pivotal Moment For Pi?

With the Consensus 2025 event fast approaching, excitement is building within the Pi Network Community. As Analyst Dr Altcoin points out, this presents a huge chance to promote Pi Network in a way never seen before.

The event will see Pi founder Nicolas Kokkalis share the stage with noted personalities like Bo Hines and Eric Trump, placing a massive audience on the Convergence Stage.

Consensus 2025 Summit is a huge opportunity to promote Pi Network—and one of the best so far! I call upon the Pi Core Team to expedite at least the following before the summit:1. Approve all KYB applications currently on hold2. Officially deploy all DApps in the Pi ecosystem… pic.twitter.com/c0fGbdpVqB— Dr. Altcoin (@DrAltcoin) March 15, 2024

Dr. Altcoin highlights the pressing need for the Pi Core Team to speedily complete two critical tasks. Firstly, he urges the team to approve all Know Your Business (KYB) applications that are currently pending.

Secondly, he stresses the importance of officially launching all DApps within the Pi ecosystem. These two actions are crucial to maximise the opportunity of the global spotlight on Consensus 2025 and boost Pi’s credibility and growth.

The Pi Core Team has under a month to complete KYB and launch DApps. Some members of the community believe that if these two issues are resolved, then the price of Pi could continue to recover towards the key resistance at $1.0.

If the bulls manage to push the price above this level, then the next resistance is at $1.23, followed by $1.79. A successful breakout above the $1.79 mark could propel PI to new all-time high levels.

However, the new Migration Roadmap announced by Pi Network has left many users frustrated due to a lack of specific dates and details. This lack of clarity is adding another layer of