The Pi Network (PI) token has experienced a three-day rally, trading above $0.2200 at press time and sustaining a 3.52% gain from the previous day. This recovery follows the announcement of new updates to the Pi App Studio on Thursday, which provides developers with enhanced customization and management tools, supporting the network's goal of expanding into a larger Web 3.0 ecosystem beyond mobile mining.
However, the rally is facing internal pressure:
- Profit-Taking Risk: Data from PiScan shows a significant increase in inflows to Centralized Exchange (CEX) wallets, with a net deposit of 1.59 million PI in the last 24 hours (primarily on OKX). This suggests that holders who have completed KYC verification are taking profits, which adds potential overhead selling pressure.
Technical Outlook:
- PI is currently trading within a consolidation range defined by the October 11 low of $0.1919 and the 50-day Exponential Moving Average (EMA) at $0.2435.
- The bulls are aiming to break this 50-day EMA, which has consistently acted as dynamic resistance since late May.
- A successful close above $0.2435 would confirm a bullish trend reversal.
- If the breakout is successful, subsequent overhead resistance levels to watch are $0.2613 and $0.3220.
In summary, Pi Network's price is responding positively to development news, but the increase in user deposits to exchanges signals caution due to potential selling pressure from profit-takers.
November 2025, Cryptoniteuae