Pi Network Surges 21% as EU Regulatory Breakthrough Opens Exchange Doors
Market Structure Shifts Higher
- PI token climbs 21% over the past week following MiCA compliance confirmation
- Momentum indicators reset from oversold conditions, signaling potential continuation
- Support architecture strengthens at $0.23 while resistance looms at December’s $0.29 peak
Pi Network’s native token darted 21% higher over the past week to $0.25, recovering sharply from the devastating 66% drop that crushed prices from June’s $0.75 peak. The surge arrived as EU regulatory approval under MiCA framework hit the wires, triggering a wave of buying interest that pushed PI through multiple resistance levels. The main question for traders is: can this regulatory-driven momentum sustain above newly-formed support at $0.23, or will sellers emerge at the monthly high of $0.29?
| Metric | Value |
|---|---|
| Asset | PI (PI) |
| Current Price | $0.25 |
| Weekly Performance | 10.91% |
| Monthly Performance | 21.01% |
| RSI (Relative Strength Index) | 61.3 |
| ADX (Average Directional Index) | 18.4 |
| MACD (MACD Level) | 0.00 |
| CCI (Commodity Channel Index, 20-period) | 180.03 |
RSI Climbs From Oversold Territory – First Recovery Signal Since June
RSI sits at 61.32 on the daily timeframe, marking its first sustainable push above the neutral 50 level since the June collapse. This recovery from deeply oversold conditions below 30 represents a significant shift in momentum structure. Similar RSI configurations in other regulatory-approval rallies have preceded extended moves, particularly when oscillators confirm strength by holding above 50 on pullbacks.
What’s revealing is how RSI barely budged despite the 66% six-month decline, suggesting accumulation occurred quietly while regulatory clarity developed behind the scenes. So for swing traders, this balanced RSI at 61 means there’s room for continuation toward overbought territory near 70, especially with MiCA compliance now removing a major uncertainty overhang.
ADX at 18.4 Keeps Range Traders in Control Despite Breakout
Looking at trend strength, the ADX reads 18.43, indicating the current move lacks the directional conviction typically seen in sustainable trends. Basically, being in this sub-20 zone means we’re still technically in range-bound conditions despite this week’s impressive percentage gain. The +DI crossing above -DI does confirm buyers have taken control, but without ADX climbing above 25, this remains more of a relief bounce than a genuine trend reversal.
To clarify, the ADX is indicating that traders should expect continued chop with periodic news-driven spikes rather than smooth trending price action. Therefore, day traders should suit their strategies to quick momentum plays around regulatory headlines rather than position for extended directional moves until ADX confirms trend development above the 25 threshold.
20-Day EMA at $0.23 Transforms From Resistance to Critical Support
Price action reveals a crucial development in the moving average structure. PI currently trades above both the 10-day ($0.231) and 20-day ($0.230) EMAs for the first time since the June breakdown. More importantly, the 20-day EMA that capped rallies throughout the decline has now flipped to support after three successful tests this week. This level at $0.23 rejected advances multiple times during the downtrend before finally breaking on the MiCA news.
The 50-day EMA looms far above at $0.243, presenting the next major hurdle for bulls to overcome. That former support area from early in the year now transforms into a red line that sellers will likely defend. The compression between current price at $0.25 and this resistance suggests a decision point approaches quickly – either bulls power through on continued regulatory momentum or price retraces to test the newly-formed support structure.
Resistance Stacks Between Monthly High at $0.29 and Psychological $0.30
Above current price, sellers have stacked significant resistance between December’s monthly high at $0.2939 and the psychologically important $0.30 level. The monthly R1 pivot at $0.311 adds another layer to this resistance cluster, creating a formidable barrier that coincides with where many trapped buyers from the summer decline might look to exit positions. This zone rejected price attempts earlier this month before the regulatory catalyst emerged.
Bulls defend multiple support layers with the immediate floor at $0.232 where the 20-day EMA converges with the monthly pivot point. Below that, the recent weekly low at $0.194 provides a deeper safety net, though losing this level would likely flush positions accumulated during the MiCA-driven rally. The $0.173 zone marks the final defense where June’s capitulation bottom meets the monthly S1 pivot.
This configuration resembles a textbook accumulation pattern where smart money positioned ahead of regulatory clarity. The structure signals buyer control as long as price maintains above $0.23 on any retracement, with each successful defense of this level building confidence for an eventual assault on the $0.29-0.30 resistance zone.
Bulls Need Decisive Close Above $0.29 to Confirm Trend Change
Should price reclaim and hold above December’s $0.2939 high, bulls would target the psychological $0.30 barrier while continued MiCA-related exchange listing announcements provide the necessary catalysts. A weekly close above this resistance cluster would mark the first higher high since June’s collapse and potentially attract momentum traders back to PI.
The setup fails if price hard rejects at current levels and breaks below the $0.23 support on volume – this would trap recent regulatory-news buyers and likely trigger a retest of $0.194. Such a move would confirm the rally as merely a dead cat bounce rather than genuine accumulation, sending PI back into its established downtrend channel.
Given the technical configuration and regulatory tailwinds, the most probable near-term path sees PI consolidating between $0.23-0.26 as the market digests the MiCA approval before attempting another leg toward monthly highs. The combination of oversold bounce, regulatory breakthrough, and established support suggests buyers maintain a slight edge here, though conviction remains notably absent per the weak ADX reading.
