Pi Network hits $0.2510 with a 4.9% gain, driven by a major EU regulatory filing and an upcoming upgrade on November 28, attracting global attention and increasing trading volume significantly.
Pi Network's native token $PI traded at $0.2510, marking a 4.9% increase in the past 24 hours with a market capitalization rising to $2.09 billion and a volume surge of 40.05% to $39.35 million, pushing the price toward a critical resistance zone of $0.2800–$0.3000.
According to a community post on CoinMarketCap post, $PI is currently navigating a clean daily chart structure projecting a move into resistance followed by a potential bearish reversal to the $0.1800–$0.2000 range if rejection occurs.
Traders are cautioned to watch for rejection candles and breakdown confirmation as $PI stands at a pivotal decision point defining its short-term direction.
The market sentiment is driven by technical structure without reliance on indicators, emphasizing zones and directional bias, highlighting reactive setups with tight risk adjustments necessary due to the maturing price structure .
Pi Network's Regulatory Breakthrough and Growing User Base
On X (formerly Twitter), user Dungpikachu tweeted that Pi Network has officially filed under the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, a significant milestone anticipated to pave the way for global legal listings and adoption.
The network boasts over 60 million users leveraging a mobile mining mechanism and Stellar Consensus Protocol that enhances efficiency and scalability.
This filing is expected to draw large inflows of investments from European countries post-November 28, 2026, reflecting confidence in Pi's sustainable value proposition.
Pi Network’s community, known as Pioneers, continues to show resilience despite a red market, supported by ongoing real utility developments and millions of active users worldwide, signaling robust ecosystem growth and adaptability.
A separate update from PiMigrate on X highlights a major upgrade coming on November 28, signaling a pivotal moment for many pioneers with enhancements expected to strengthen the $PI ecosystem further.
This update is anticipated to sustain user engagement and drive renewed interest prior to and beyond the upgrade date.
Technical Outlook and Market Implications
Recent analysis by CryptoPotato confirms that the $PI price experienced a 6% jump on buzz around this upcoming upgrade, which is seen as a key driver for the token’s price momentum.
The resistance zone near $0.28 to $0.30 remains crucial, with failure to break above it decisively likely to lead to a pullback toward $0.18–$0.20. The community and traders are closely monitoring this zone as a test of strength.
Market watchers emphasize that if $PI manages a breakout above the $0.30 resistance with strong volume, it could open the door for further bullish momentum and attract additional investors.
Conversely, rejection will likely confirm a short-term downward path consistent with the technical structure noted in the CoinMarketCap community post
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Guantai John
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Pi Network's Big Upgrade Sparks Massive Market Buzz
Pi Network price jumps 4.9%, eyes $0.30 resistance amid looming major upgrade and EU MiCA filing, signaling strong market potential.