Pi Network (PI) price prediction: the upper band of the horizontal channel is broken, triggering a 16% daily rise, with volume surging 150% to look at $0.52.

Pi Network (PI) Token strongly broke through the key level upper band resistance last Saturday, triggering a 16% single-day big pump. With the market sentiment improving, PI continued to rise by 2% today, with the 24-hour volume surging by 150% to $270 million, confirming the breakout signal with volume validation. The price successfully stands above the 20-day exponential moving average (0.4038 USD), forming a dynamic support, establishing a short-term rise trend from a technical perspective. If buying pressure continues, long positions target the 0.4451 USD resistance level, which, if broken, could challenge the 0.5281 high.

Key level channel broken, technical analysis triggers a 16% big pump in a single day

(Source: TradingView) The daily chart of PI/USD shows that the token price strongly broke through the upper band of the horizontal channel on Saturday (August 10). This channel had limited PI's upward space from August 2 to August 8, and this effective breakthrough marks the end of nearly a week of sideways consolidation. On the day of the breakout, PI surged 16%, and the technical indicators sent a strong bullish signal—the overcoming of key resistance levels generally indicates a shift in market sentiment towards optimism and may initiate a sustained upward trend. For PI, this breakout may signify the starting point of a stronger rising trend, with trader confidence and market momentum both strengthening.

Volume and price rising verify the breakout, 20-day EMA builds dynamic support

(Source: Santiment)

• Continued rise in volume: The breakout trend continues to today, with the PI price rising another 2%. Particularly crucial is the nearly 150% surge in 24-hour volume, reaching $270 million at the time of writing, showing a significant rise in both volume and price.
• Volume Verification of Breakthrough Validity: Price rise accompanied by massive trading volume is an important validation signal of trend strength. This indicates that a large active buying interest is flowing in to support the price, significantly reducing the risk of a "false breakout" and providing solid support for short-term continued rise.
• 20-Day EMA Establishes Long Positions Defense Line: The rise in the past two days has pushed the PI price successfully above the 20-day Exponential Moving Average (EMA). As of the time of writing, this moving average is at $0.4038 and has turned into a dynamic support level. The 20-Day EMA is calculated through a weighted average of the recent 20-day prices (focusing on recent trends), and when the price continues to stay above it, it indicates that short-term bullish momentum is strengthening, and the upward trend is expected to continue.

Clear upward target: Break through the 0.4451 resistance level aiming for 0.5281

(PI 20-day MA | Source: TradingView) Based on the current technical structure, the potential path of PI is clear:

1. Bullish Scenario: If the buying momentum is maintained, the PI is expected to continue its rise and challenge the key resistance level of $0.4451. If it successfully breaks through this level, the next target will be $0.5281 (which presents significant upward potential compared to the current price).
2. Downward Scenario: If traders choose to take profits, the price may pull back to test the recent support level around $0.3773. This position will become an important observation point to determine whether the upward trend continues.

Conclusion: The PI Network has successfully broken away from the horizontal channel constraints with a strong price-volume combination, standing firmly above the 20-day EMA, showing a significant short-term technical structure change to bullish. The trading volume surged by 150%, validating the increase in market participation and accumulating momentum to challenge the 0.4451 resistance level. Traders should currently pay attention to the dynamic support at 0.4038 EMA; if it holds, the bullish expectation remains with a target of 0.5281. However, if the critical support of 0.3773 is lost, one should be cautious of the risk of a deeper correction. In the battle between bulls and bears, changes in volume will become the core guide for future directional choices.