Just two days after falling below $0.23, Pi Network is once again leading the crypto market in daily performance. The token jumped more than 15% on Monday, reclaiming the $0.265 level and extending its weekly gain to over 31%.
The price had briefly spiked to $0.29 on October 27 before pulling back, and the latest recovery appears to be part of a slower upward climb rather than another sharp move. While volatility remains high, Pi has now registered multiple days of outperformance compared to the broader crypto market.
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Weekly Momentum Builds – But Longer Trend Still Unclear
With Bitcoin holding above $113,000 and market sentiment improving, altcoins have benefited from renewed risk appetite. Pi Network’s movement, however, has been more erratic than most – with large intraday swings and no clear trend over the past month.
Despite the recent gains, Pi is still far below its all-time high of $2.99 and remains closer to its recent low near $0.15. Over the past several months, the broader trajectory has been downward, and technical indicators remain mixed. Some traders point to a breakout from a falling wedge pattern, which could suggest short-term upside, but others highlight the lack of strong follow-through and continued bearish divergences on key indicators.
For now, $0.29 remains the nearest major resistance. A close above that level would confirm a technical breakout. If the rally stalls, the $0.23–$0.25 area could act as short-term support.
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New System Process Unlocks KYC for Millions
In a recent update, the Pi Core Team announced that over 3.36 million additional users have now fully passed KYC (Know Your Customer) verification. This follows the implementation of a system process that re-analyzes “Tentative” KYC cases using additional liveness checks and AI-based reviews.
Out of those verified, around 2.69 million have already migrated to Mainnet. Another 3 million users may still become eligible if they complete additional identity verification steps within the app.
According to the team, this system helps reinforce Pi’s one-person-per-account rule and aims to further secure the network ahead of future feature expansions. While the announcement did not significantly impact market sentiment on its own, it could play a role in improving long-term network participation and app engagement.
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Volatility Returns as Market Watches for Direction
The return of volatility has brought attention back to Pi Network after weeks of relatively quiet trading. Still, questions remain about the sustainability of the current rally.
While momentum indicators like RSI and MACD point to rising buying pressure, volume data shows that interest remains concentrated among short-term traders. Broader concerns, including the lack of major exchange listings and ongoing token unlocks, continue to limit long-term confidence.
Pi’s ability to hold above the $0.25 level in the coming days may help determine whether this rally marks a trend change or another temporary bounce.
