Pi Coin Sees Rare Buying as Network Migration Jumps 60% – Bottom Finally In?

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The Pi Coin price, showing some faint signs of life, has climbed a modest 3% today. This uptick is attributed to some exceptionally rare buying activity, or so the exchange data claims. The real kicker, however, lies in Pi Network’s mainnet migration, which has surged by a staggering 60%, as the loyal participants jump into the live network. A digital renaissance, if you will.

Still, despite the promising uptick in activity and the faint hope of a recovery, Pi Coin remains one step away from a disaster. It’s like watching a man hobble on crutches, hoping for a miraculous return to the Olympics. Whether this brief moment of optimism turns into something more substantial or a colossal crash to new lows is anyone’s guess. Place your bets, folks!

PI Sees Rare Buying as Network Migration Surges 60%

Recent Pi Network data reveals a significant surge in mainnet migrations. Mainnet migration is the great digital exodus where users transfer their mined coins from the app into the blockchain, finally allowing them to be usable and-brace yourself-tradable.

Total migrations have reached 16.2 million, a drastic jump from the 10.1 million recorded earlier this year, marking a 60% rise. Clearly, more users are completing their verification and diving into the live network, which helps fortify Pi Network’s fragile ecosystem. It’s like watching a deflated balloon slowly regain some air-still, it’s something.

Since the launch of the Open Network, Pi has steadily expanded across various facets-from KYC verifications to mainnet migrations, developer activity, and network participation. These milestones reflect progress, driven by the collective…

– Pi Network (@PiCoreTeam) February 24, 2026

In tandem with the network migration, Pi Coin has experienced a curious shift in exchange flows. For the first time in ages, exchange netflow has turned negative-by 305,547 Pi over just 24 hours. That’s right, more coins are leaving exchanges than entering them. A classic sign of accumulation, or perhaps, a misguided optimism?

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This shift is particularly noteworthy, given Pi Coin’s long-standing tendency to face constant selling pressure. This rare buying activity, coupled with the improving network fundamentals, could signal that a brief moment of stability is on the horizon. But let’s not get carried away-after all, Pi Coin is still down 10% this week.

Inverted Cup Pattern and Bearish Divergence Warn of Breakdown Risk

Despite a faint glimmer of hope, Pi Coin’s price chart still paints a gloomy picture. At the moment, the chart shows an inverted cup and handle pattern-what we in the technical analysis business call a “bearish setup.” The price rises, peaks, and then proceeds to dip, slowly and methodically, towards the inevitable collapse.

Pi Coin recently rebounded by 7%, forming what could be the “handle” portion of this pattern. However, don’t be too quick to rejoice. This recovery might just be the calm before the storm.

The Relative Strength Index (RSI), which measures momentum from 0 to 100, is currently flashing a hidden bearish divergence.

Between January 22 and February 24:

  • Pi Coin price has formed a lower high
  • RSI has formed a higher high

This discrepancy signals a weakening trend, one that often leads to an eventual plunge. But hey, who doesn’t love a good rollercoaster ride?

If the bearish divergence confirms, Pi Coin could be in for a steep fall. To seal the deal, the next price candle must fall below $0.166, at which point the breakdown target sits at a staggering 32%. The future looks as uncertain as ever, but that’s crypto for you-never a dull moment.

Smart Money Activity and Key Price Levels Decide Pi Coin’s Next Move

For all the talk about technicals, the real heavy hitters in Pi Coin’s future are the “smart money” investors. These seasoned veterans of the crypto world know exactly when to hold ‘em and when to fold ‘em. The Smart Money Index tracks the buying behavior of experienced investors-essentially a barometer for whether the big players are in or out.

Smart money took a sharp upward turn on February 13, which helped Pi Coin skyrocket 54% in just two days. A brief moment of glory for Pi Coin-until the correction, that is.

While smart money dipped during the recent correction, it’s still holding strong above its signal line, and it may rise again. This suggests that experienced investors are not yet ready to give up on Pi Coin, waiting for the next big rebound.

For Pi Coin to turn this ship around, it must break through key resistance levels. The first major hurdle is $0.187-get above that, and we might just see a renewal of strength. But the next critical test comes at $0.207. A successful breakout here would be enough to invalidate the bearish pattern and confirm a full recovery.

However, should Pi Coin close below $0.154, it could spell disaster. The breakdown might push Pi Coin toward a fresh low of $0.108-or possibly much worse, if the sell-off accelerates.

So here we are, stuck at a crossroads. On one hand, growing Pi Network adoption and rare buying activity point to a possible recovery. But on the other, technical weakness looms large, threatening to drag Pi Coin to the depths. The next few days will reveal all. Will it soar? Will it crash? Only time will tell.

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2026-02-24 15:43