Investors Flock to Pi Network as Momentum Builds Toward a Breakout

A fresh wave of optimism has swept through the Pi Network community as the token records an impressive weekly gain of 27%, climbing to $0.73.

Investors have been pouring into Pi Network (PI) in droves as the token continues its hot streak.

Now up 27% for the week to trade at $0.73, the cryptocurrency is showing no signs of slowing down after a quiet few months.

But can Pi break through a key resistance level that has capped its growth for nearly two months?

Relative Strength Index climbs out of neutral range

The Relative Strength Index (RSI) has risen from neutral territory to reach a reading of 50.

This indicates that buyers are, at present, largely in control of the token’s price movements. However, it’s still a long way from becoming overbought, which is a position that usually allows rallies to travel farther before exhaustion kicks in.

Capital flow spikes

The Chaikin Money Flow (CMF) is also showing a strong build-up of liquidity. This key indicator, used to identify the strength of capital flows, is displaying a strong uptrend from negative readings to reach a high of 0.3.

This shift shows that more capital is flowing into Pi than out of it, and it's becoming increasingly concentrated.

Such a move in liquidity suggests a stronger belief in the token’s near-term trajectory, as more traders may be looking to capitalize on the momentum and enter into new positions.

What next for Pi?

Pi is now approaching the $0.78 barrier—a level that has acted as a ceiling since early spring. A successful break above could mark a critical reversal point, potentially targeting $0.87 as the next leg up.

If the market continues to support this climb, then Pi may be able to establish a new short-term trend.

The coming days will be pivotal. With strong buying pressure and technical confirmation backing its rise, Pi has a real shot at flipping this resistance into support—and rewriting its recent price history in the process.

News data source: kdj.com

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