Pi Network has seen a sharp price increase of 27% this week, driven by growing investor optimism and rising inflows. The altcoin is currently trading at $0.73, supported by the broader market’s improving conditions. 

This surge follows a period of consolidation, but Pi Network now faces a key resistance level that has held for the past seven weeks.

Pi Network Investors Bank On Bullishness

The Relative Strength Index (RSI) for Pi Network is currently in the bullish zone above 50.0, suggesting positive momentum. While it’s not yet in the overbought zone, where reversals typically occur, this indicates that the price could continue benefiting from the broader market’s positive cues. 

The RSI’s position supports the idea that the bullish trend could extend further, giving Pi Network the potential to break its current resistance.

As the altcoin remains in a favorable technical position, it may continue to rise, provided it maintains its momentum from both technical and market-driven factors.

Pi Network’s macro momentum is also supported by its Chaikin Money Flow (CMF)