Pi Coin (PI) Price Jumps as Mainnet Countdown Heats Up – Can Bulls Push Past Key Resistance?

Pi Coin price is on the move again, trading around $0.28 after a nearly 4% jump in the past 24 hours. Trading volume has remained strong, coming in at nearly $74 million despite recent volatility. 

This fresh lift comes as the Pi Network inches closer to its long-awaited mainnet launch, and momentum around new exchange activity continues to build.

What’s Driving the Pi Coin Price Pump

Pi’s latest run is powered by a mix of network upgrades and exchange listings. The Fast Track KYC update in Version 23 is speeding up onboarding for millions of users, making it easier for them to move closer to the open mainnet. 

Liquidity is improving too. Pi has integrated KYB verification with LBank, opening the door for institutional players and cross-border volume.

The Pi Core Team also underlined the project’s long-term vision during the recent Pi x Sign meetup in Seoul. They highlighted over 14 million successful KYC verifications and stressed that Pi is built for real-world adoption rather than short-term speculation. 

These moves are helping the network strengthen its infrastructure and utility ahead of mainnet migration.

On the exchange side, Swapfone’s listing of PI on September 22 gave traders a new venue to buy and sell. The listing came with a promotional 2,000 PI airdrop to drive engagement, and it followed closely on the heels of the KYC upgrade. 

While Swapfone’s legitimacy has been questioned by some industry trackers, the listing has still boosted short-term liquidity and attention.

What the Chart Is Showing

The 4-hour chart reveals that Pi Coin price has been in a clear downtrend since the summer, with lower highs and consistent breaks of support. Key “Break of Structure” (BOS) levels are marked along the way, and the price recently dipped to a new low before bouncing.

Pi now trades below the 50-period EMA, currently near $0.32, which is the first big resistance for bulls to reclaim. RSI has recovered from deeply oversold territory around 19 back to the low 30s, hinting that bearish momentum might be cooling.

For buyers, a clean move back above $0.32 would be an important signal that a larger reversal could be forming.

Read Also: Whales Keep Loading Up on XRP, Avalanche (AVAX) and This Other Token: Here’s Why

Image Source: TradingView.com

Pi Coin Price Short-Term Outlook

Pi Coin near-term fate hinges on whether the mainnet rollout and institutional liquidity can keep driving demand. If the price can break back above $0.32 and hold, a push toward $0.35–$0.40 could come into view.

If Pi Coin price fails to hold recent gains, the market may retest the recent $0.25–$0.26 support zone and extend the downtrend that has been in place since mid-year.

Overall, Pi’s fundamentals, from faster KYC to exchange listings and enterprise-ready compliance tools, are strengthening. But for now, all eyes are on whether buyers can build on today’s bounce and flip that critical $0.32 level into a new base for the next leg up.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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