Pi Network’s PI Just Crossed Two Major Milestones in One Rally

Although most of the cryptocurrency market has charted minor gains over the past day, with BTC nearing $65,000, Pi Network’s native token has stolen the show with a massive surge.

It exploded above a key resistance, which is close to being solidified as support now, and tapped a multi-week peak.

PI on the Offensive

The popular altcoin has been among the most volatile crypto assets lately. It was less than a month ago when it plummeted to a new all-time low of just over $0.07 after it broke below key support levels at $0.10, $0.09, and ultimately $0.08. This came as the overall market sentiment was quickly deteriorating, and investors were leaving en masse.

It appeared at the time that none of the team’s updates, redesigns, or initiatives could halt the freefall, but PI finally found support at $0.07. The bulls quickly returned and pushed the asset to $0.10 within less than a week.

However, that was another short-term price pump, as in many similar occasions in the past. PI got rejected almost immediately and slumped below $0.075 once again by the end of the month.

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