Pi Network Price Prediction: PI Surges 40% As Mainnet Migration Halts And Supply Pressure Drops
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Pi Network price surged 40% from $0.1326, currently trading near $0.1928 due to halted mainnet migration reducing supply pressure on exchanges. The token has reclaimed all major EMAs for the first time since January, with bullish indicators suggesting a price target of $0.21-$0.22 as RSI nears overbought conditions.
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- Pi Network rallies 40% from $0.1326 lows as mainnet migration halts since Friday, cutting supply to exchanges.
- Price reclaims all major EMAs for first time since January with Supertrend flipping bullish at $0.1719.
- Inverse head and shoulders pattern projects $0.21-$0.22 target as RSI approaches overbought at 68.65.
Pi Network price today trades near $0.1928, up 0.52% in the past 4 hours as the token extends its sharp recovery from the $0.1326 February low. The move comes as PiScan data shows mainnet migration has been inactive since Friday, eliminating one of the primary sources of selling pressure on centralized exchanges.
PI Reclaims All Major EMAs For First Time Since January
On the 4-hour chart, Pi Network has reclaimed all major moving averages for the first time since late January. The 20-day EMA sits at $0.1771, …
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