- PI jumps 8.4% to $0.8489 with $536M 24h volume; $6.12B market cap ranks #31 as weekly gains stabilize.
- PI tests $0.78–$0.86 range; breakout above $0.88–$0.90 may target $1.00, backed by 170% volume spike.
Pi Network (PI) is currently trading at $0.8489, posting an 8.4% increase over the past 24 hours, with a 24h trading volume of $536.2 million.
However, the token remains virtually flat over the past 7 days, signaling a temporary stabilization phase after last week’s spike toward $0.978.
The asset now commands a market capitalization of $6.12 billion, with a circulating supply of 7.21 billion PI, and ranks #31 globally by market cap.
Technically, PI is fluctuating between $0.78–$0.86, and a breakout above $0.88–$0.90 could open up the path to challenge the psychological barrier at $1.00, especially if broader market conditions remain bullish.
Support rests near $0.78, with volume levels remaining elevated — up 170% in 24 hours — indicating renewed retail and institutional participation.
From a fundamental perspective, PI Network is gaining momentum amid increased speculative trading and renewed discussion around the eventual launch of its open mainnet. The ecosystem emphasizes mobile-first mining, social engagement, and KYC-based access, and has attracted over 27,000 real-world merchants during PiFest 2024.
Additionally, recent news revealed that 86 million PI tokens were withdrawn from OKX, suggesting a major supply shift that may support higher price floors going forward.
If PI breaks above $0.88 and holds with volume, it is projected to reach $0.97–$1.04 within 5–8 days, fueled by increasing adoption, on-chain migration, and strong exchange activity.
