Pi Coin is finally showing some life again, the PI price climbed into the $0.227–$0.230 range after spending days moving sideways.
The chart looks a lot more active than it did earlier in the week, and traders are trying to figure out what sparked today’s move.
A closer look shows three clear drivers: a big whale buy, improving technical signals, and fresh developments inside the Pi Network ecosystem.
What you'll learn 👉
A Whale Buy Just Shifted the Short-Term Trend
One of the biggest reasons PI is up today comes from whale activity. On November 15, a large holder scooped up 5 million PI, raising their total to 376 million PI, more than $82 million worth at today’s prices.
When a single wallet buys that much in one move, it usually tightens short-term supply and gives the PI price an immediate push.
This lines up with recent data showing more accumulation from big wallets. That kind of behavior normally happens when someone expects increased volatility or upcoming ecosystem news.
But even with this buy, PI still has 8.3 billion tokens circulating, so a single whale can’t flip the entire trend alone. Traders are keeping an eye on whether this wallet keeps buying or decides to sell near the $0.25 resistance, where the PI price has struggled before.
Pi Coin Technical Indicators Are Showing Early Strength
The technical picture is improving too. The price of PI managed to break above its 7-day SMA at $0.223, and the chart formed a higher low at $0.217, which is usually an early sign of recovery.
Price action today indicates a steady climb followed by sharp intraday spikes – something that usually happens when a whale starts to build a position.
Momentum indicators still paint a mixed picture. The MACD histogram is slightly bearish at 0.00059, but the RSI sitting around 44, which shows there’s still plenty of room for an upside move.
The important thing is that the $0.20–$0.22 support zone held, and that’s where short-term traders stepped in.
Volume remains thin at around $27 million, so the rally isn’t backed by heavy participation yet. The real test is whether the PI price can close above the 200-day EMA at $0.228. If it does, the next target becomes the familiar $0.25 resistance level.
Read Also: Bitcoin Bear Market Call: Analyst Sees $37k–$57k Bottom by Late 2026
Pi Network’s Ecosystem Is Quietly Getting Better
The Pi Network upgraded its App Studio on November 16, enabling exporting and editing of code, and also increased the project limit from 10 to 100 applications. It is mostly a quality-of-life update, but it does show the ecosystem is making incremental steps forward.
The Core Team already said major launches won’t arrive until late November, so hype is still muted. Still, traders like seeing progress, especially at a time when the broader market is shaky.
Can the PI Price Keep Climbing?
Today’s move looks like a mix of whale interest, technical stabilization, and improving fundamentals.
The big question now is whether the PI price can stay above $0.225, especially if Bitcoin pulls back toward its $94,000 support.
For now, all eyes are on whale wallets and the November 22 banking integration update, which could set the tone for PI’s next major move.
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