Pi Network Rallies for 6 Consecutive Days… Will it Break Through $0.20 Resistance and Soar?

▲ Pi Network (PI)/AI Generated Image ©

Pi Network (PI) is on the verge of breaking through the $0.20 mark, having rallied for six consecutive days, driven by massive infrastructure growth based on over a million verified users.

According to investment media FXStreet on April 29 (local time), Pi is trading above $0.1900 as of Wednesday, successfully extending yesterday's 6% gain. The Pi Core Team announced via social media that over one million verified users have completed more than 526 million Know Your Customer (KYC) validation tasks, demonstrating the network's robustness to the market.

The network has solidified its position as one of the world's largest user-based ecosystems, boasting over 18 million verified participants. The core team emphasized that user migration from the testnet to the mainnet is a crucial step, which will enable the future transfer of Pi tokens to exchanges. This performance announcement was strategically made ahead of the co-founders' scheduled speech at Consensus 2026, aimed at restoring confidence among individual investors.

From a technical perspective, the Pi token maintains a clear bullish bias in the short term. The current price has broken above the 50-day Exponential Moving Average (EMA) near $0.1785 and the descending trendline at $0.1831. The Moving Average Convergence Divergence (MACD), a short-term momentum indicator, is rising above the zero line with its signal line, expanding a positive histogram. The Relative Strength Index (RSI) also stands at 69, nearing the overbought territory, suggesting strong but increasingly limited upward momentum.

For a further major upward move, it must decisively break above the March 21 high of $0.2041. If successful, it could open the way for an ascent to the long-term resistance of the 200-day EMA at $0.2244. Conversely, if selling pressure pushes it into a downtrend, the primary support level is formed near the trendline breakout zone at $0.1831, with the 50-day EMA at $0.1785 expected to provide additional buffering.

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