You Won’t Believe What’s Happening to Pi Network Now—Is a Moon Landing Next? 🚀

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Darling, Pi Network appears to have clung to its $0.61 support level with all the desperation of an actor at a matinee hoping the critics left their pens at home. One might say it’s survived another day in the bear pit, and even the much-bantered relative strength index is hinting coyly at a possible change in the wind—or at the very least, a change in costume.

Trading volume pranced up 6.9% to a sparkling $139.4 million—one can almost hear the cash registers sizzle. PI itself has performed a most agreeable 5.2% leap over 24 hours, and is up 14% over 30 days. The RSI, perched at 42.7, is showing just enough exhaustion to suggest it might soon need smelling salts.

The moving averages—those stuffy old soothsayers—still waggle their fingers and cry “bearish!”, but some of the brighter young things in the momentum indicators, namely the mischievous MACD, are fluttering their eyelashes at buyers. Opportunity, my dear, knocks (or, in this case, checks its portfolio).

On the daily, PI is lurking below its major moving averages, with the 50-day SMA sniffing haughtily at $0.7978 and the 10-day EMA tiptoeing at $0.6236. Yet—an intrigue!—prices have mastered the art of loitering between $0.60–$0.65, and the Bollinger Bands are now tighter than a dowager’s corset, hinting at a possible grand exit (or entry, if you prefer the tradesman’s entrance). Should the bulls storm $0.65, $0.70 is the next line of defence, ready with the fine silver and a stern expression.

But lest you think this is all cocktails and caviar—there are a few flies in the ointment. Most notably, the mainnet migration is still mid-chaos, though over 12 million users have bravely made the crossing. The latest “roadmap”—a term used here with the generosity of a party host offering last year’s champagne—includes referrals, migrations, and more migrations. Deadlines? Oh, please, that would spoil the suspense!

As for supply, the plot thickens—of the 100 billion tokens lined up for the masqueraade, only 6.7 billion have been released from their cryptic cages. A further 1.5 billion are expected to burst forth over the coming year, roughly 130 million a month. Of course, more tokens with less fanfare is like throwing a party and forgetting to invite any guests.

Still, every tale needs a twist: founder Nicolas Kokkalis is set to declaim at Consensus 2025 this month, presumably with enough announcements to set investor hearts a-flutter. Perhaps something about new decentralized applications, or that most cryptic of rituals, know-your-business approvals.

The mood, for now, remains about as cheerful as a tax audit. CoinCodex, that ever-hopeful romantic, imagines PI could leap 227% to $2.02 by month’s end. And if, by some miracle, a major exchange lists this prodigy, we might just need our opera glasses to see where it’s headed.

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2025-05-01 09:25