Oct 27, 2025
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Pi Coin Surges 25% Amid Market Rally, Faces Manipulation Concerns
Pi Network's cryptocurrency, Pi, surged 25% in the last 24 hours amid a broader crypto market rally. The price reached $0.29 and is now around $0.25. Daily trading volumes soared by 1,080% to $114 million, indicating strong trader sentiment.
- The token remains down over 40% in the last three months.
- Market experts are cautious, suspecting possible market manipulation.
- Analyst Dr. Altcoin noted large transfers from major exchanges without corresponding buying activity.
Pi Network is testing Protocol Version 23 on its testnet, with a mainnet launch expected in Q4 2025, enhancing scalability and efficiency.
Technical Analysis
- Pi trades in a falling broadening wedge, suggesting potential bullish reversal.
- Key resistance is at $0.28; a breakout could target $0.36, a 41% rise.
- A failure to break resistance may lead to a drop below $0.20, risking further decline to $0.15.
Separately, Maxi Doge (MAXI) has raised over $3.78 million in its presale, reflecting strong investor interest.