Pi Network's price has dropped by over 28% to $0.84 but previously reached $1.56 before retracing, despite this, technical indicators suggest a bullish trend.
The token broke above its 50-day moving average and surpassed its Bollinger Bands, indicating increased volatility and upward momentum.
Pi Network's 7-day price performance on platforms like CoinGecko has seen a significant 151% rise, however, 275 million tokens are set to unlock over the next 30 days.
During the Consensus Forum, the CEO of Pi Network emphasized the platform's focus on providing startups access to a substantial user base and financial backing, leading to hopes for future major exchange listings.