Pi Network has shown a short-term uptrend, breaking out of a descending wedge and surpassing $0.8028.
A drop below $0.7520 could invalidate the bullish setup and lead to further downside.
Pi Coin experienced a 17.47% gain in the last 24 hours, reaching an intraday high of $0.8495.
Despite the positive price movement, Pi Network faces challenges with users accessing their tokens and concerns about transparency within the Core Team.