Increase of 5% in Pi Network Coin Value: Understanding the Reasons for Today's Price Ascend
In the world of cryptocurrencies, Pi Coin is making a comeback. The digital asset, which recently recovered from an August low of $0.32, is currently trading at around $0.37.
The Moving Average Convergence Divergence (MACD) indicator, a popular technical analysis tool, has avoided a bearish crossover, suggesting a revival in bullish momentum. This could be a positive sign for Pi Coin's price trajectory.
The token is moving within a downward channel but shows signs of recovery. This recovery is partly due to the increased liquidity and accessibility that has come with new exchange listings. Centralised exchanges such as OKX, Gate.com, Bitget, and MEXC have listed Pi Coin, while Onramp Money offers widespread access in over 60 countries through local fiat gateways.
Rumours of a potential listing on Coinbase have also fuelled interest in Pi Coin. If these rumours prove true, it could further boost the coin's popularity and price.
New exchange listings, such as Valour's Pi ETP product and Swapfone listing, can increase accessibility, liquidity, and institutional interest, driving retail and institutional demand for Pi Coin.
Pi Coin's rally is also attributed to the upcoming mainnet launch, scheduled for September 2025. The mainnet launch, along with the Open Network phase, is expected to enhance security, performance, and introduce more open-source elements to the Pi Network.
Moreover, the Relative Strength Index (RSI) is climbing toward 48.55, indicating growing buying demand. If Pi Coin breaks the resistance level at $0.4120, analysts believe it could extend its rebound further.
As Pi Coin continues to show signs of recovery, investors and cryptocurrency enthusiasts will be keeping a close eye on its progress. Whether Pi Coin will maintain its momentum remains to be seen, but one thing is certain: the digital asset is back in the spotlight.
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