Pi Coin Price Surges 10%: What Could Come Next?
The post Pi Coin Price Surges 10%: What Could Come Next? appeared on BitcoinEthereumNews.com.
Altcoins Pi Coin jumped 10.4% in the past 24 hours, driven by a rebound from key technical support, rising altcoin momentum, and fresh updates within the Pi ecosystem. But despite the optimism, looming token unlocks and rising exchange inflows could dampen the rally’s sustainability. Technical breakout fuels bullish momentum Pi Coin bounced from the $0.44 support zone, reclaiming the 7-day simple moving average at $0.47 and briefly testing the $0.52 mark. The 30-day SMA at $0.53 now acts as immediate resistance. Technical indicators have shifted in favor of bulls. The MACD histogram turned positive for the first time since June 25, signaling declining bearish pressure. Simultaneously, the 14-day RSI rebounded to 45.32, moving out of oversold territory and hinting at renewed momentum. Broader market shift lifts altcoins Pi’s rally is also part of a wider altcoin resurgence. The total crypto market cap rose 5.7% in the past day, while Bitcoin dominance slipped to 63.8%. According to CoinMarketCap, the Altcoin Season Index surged 25% this week, reflecting capital rotation into alternative assets. Optimism around upcoming U.S. crypto regulations, particularly the CLARITY Act, further boosted sentiment. Additionally, a short squeeze in the derivatives market—marked by over $1 trillion in open interest and negative funding rates—likely forced bears to unwind positions, amplifying upside pressure across altcoins. Ecosystem upgrades drive renewed interest The Pi Network rolled out version 0.5.3 of its Node software, improving blockchain explorer integration and network reliability. Meanwhile, App Studio reported traction despite still operating under beta conditions—over 10,500 applications are now being developed within the Pi ecosystem. Community anticipation is also building ahead of the July 27 GCV event in India, which is expected to highlight Pi’s real-world transaction potential and progress toward broader utility. What’s next for Pi Coin? Despite strong technical signals and ecosystem growth, concerns remain. Exchange…
Filed under: News - @ July 11, 2025 6:20 am