Pi Network Price Prediction: Whale Goes on a Buying Spree of 1.97 Million Coins, Is a PI Reversal Signal Appearing?

The recent market trends of Pi Network (PI) have garnered much attention. Although the overall trend still leans bearish, in the past 24 hours, four out of the five largest transactions show that large investors are heavily buying and withdrawing PI tokens from the OKX exchange, accumulating as much as 1.97 million coins. Meanwhile, Pi Network announced the integration of On-ramp services with official partners such as Onramp Money, Transfi, and Banxa, providing users with a more convenient purchasing channel. Do these series of actions indicate that the price of PI is about to reverse? This article will combine on-chain data and technical indicators to deeply analyze the latest market situation and potential trends of PI.

Large investors continue to increase their holdings, market confidence is recovering

PiScan data shows that in the past 24 hours, four of the five largest transactions on the Pi Network came from the OKX exchange, indicating that large amounts of funds are actively being withdrawn from the exchange for PI tokens. This phenomenon is often seen as a signal that investors are optimistic about the future market and are choosing to hold long-term. A total of 1.97 million PI tokens have been added, injecting a touch of optimism into the market.

Official collaboration upgrade, Onramp service promotes ecological development

Pi Network announced on Thursday that Onramp Money, Transfi, and Banxa have become official partners and integrated Onramper's On-ramp functionality, providing users with a compliant and convenient fiat deposit channel. This move not only fulfills the commitments made in the Pi2Day announcement but also lays the groundwork for the liquidity and user base expansion of the PI Token. Although the price fluctuations were limited in the short term after the news release, it is expected to contribute to ecological development in the long run.

The technical indicators are signaling a reversal, and PI may experience an oversold rebound

As of Thursday, the PI price has risen by 1%, stabilizing above $0.3200, continuing the sideways consolidation between S1 ($0.3642) and S2 ($0.3191). The daily RSI is only at 26, indicating that the market is in a severely oversold zone, increasing the chances of a short-term reversal. The MACD red histogram is shortening, and the distance from the signal line is converging, indicating that bearish momentum is weakening. If the closing price stabilizes above S1, PI is expected to challenge the pivot point at $0.4461; if it breaks below S2, further decline to $0.2372 should be watched.

Market Outlook: Selling Pressure and Rebound Momentum in a Tug of War, the Key to PI Trends Lies in Capital Movement

Although the indirect selling pressure has not completely dissipated, large investors continue to buy, official collaborations are upgraded, and there are oversold signals from the technical indicators, all of which bring reversal opportunities for PI. In the short term, the movement of PI will depend on capital flows and changes in market sentiment. Investors need to closely follow key support and resistance levels, adjust strategies flexibly, and seize potential rebound opportunities.

Conclusion

Pi Network recently saw large whales increase their holdings and an official cooperation upgrade, injecting reversal expectations into the market. Although downward pressure still exists, the technical indicators are oversold and capital movements are releasing positive signals. Whether PI can break free from the downward trend and welcome a strong rebound is worth investors' continued follow.