- Pi Network is gaining bullish momentum after a 40% weekly rally, fueled by its recent integration with Chainlink’s Data Streams and growing speculation about listings on major exchanges.
- With rising utility and strong technical indicators, a breakout toward the $3 price target appears increasingly likely.
Bullish sentiment is surging around Pi Network (PI), as the token posts an impressive 40% rally over the past week. At the center of this momentum is its recent integration with Chainlink’s Data Streams, a move that is not only boosting investor confidence but also positioning Pi Coin for possible listings on major centralized exchanges.
Pi Network was recently added to Chainlink’s Data Streams, joining 21 other top crypto assets. This integration is a significant development, as it allows decentralized applications (dApps) to access reliable on-chain price data for the Pi token. This could potentially unlock new use cases for Pi Coin in the Web3 ecosystem and improve its visibility in the broader crypto space.
The integration allows Pi Network and its cryptocurrency PI to provide dApps with trusted data feeds, This is a game-changer for Pi’s utility and its push toward mass adoption.
noted crypto analyst MrSpockApe.
Beyond the utility aspect, the Chainlink integration has also fueled speculation that Pi Network could soon be listed on top-tier centralized exchanges such as Binance, Coinbase, and Kraken. Exchange listings are often key catalysts for price growth, and with Pi Coin trading at around $0.75 at press time, the path to a $3 breakout, more than 4x from current levels—seems increasingly possible.
Technically, Pi Network is showing bullish signs. The altcoin has formed a rounding bottom pattern on the four-hour chart, typically a precursor to a strong upside move. Analysts believe that a breakout above the immediate resistance level at $1.12 could open the floodgates for a rally toward the much-anticipated $3 target.
However, traders should be cautious. The Relative Strength Index (RSI) is currently at 65, hovering near the overbought zone, which indicates strong momentum but also suggests potential for a short-term correction. Additionally, the MACD line is approaching a bearish crossover, hinting at a possible reversal if momentum weakens.
Still, market sentiment remains largely optimistic. The Chainlink collaboration has energized the Pi community, and some analysts have even speculated that if the token gets listed on major exchanges, Pi could rally to $10 in the long run. For now, though, $3 remains the more realistic and near-term target.
With rising adoption, improved utility, and strong technical foundations, Pi Network appears well-positioned for its next major price move. If the current bullish momentum sustains and exchange listings materialize, a breakout past $3 may be just around the corner.