Today pi coin price has stirred up excitement with a sharp jump. After trading sideways, Pi price suddenly broke out on strong trading volume and is trending higher. The catalyst? Pi Network just joined the ISO 20022 group, a move that caught the market’s attention.
This fresh alignment with global banking standards, coupled with a big reduction in tokens on exchanges. Moreover, a technical breakout, has transformed pi coin’s near-term outlook. As curiosity around ISO 20022 and pi coin price today grows, I’ll walk you through what’s driving this run and whether momentum can last.
Pi Coin Price Analysis
The Pi price has been on a roll, gaining +15.4% over the past 24 hours and +29.69% for the week. Today Pi Network price is $0.2638, rebounding after dipping to a 24 hour low of $0.2276 and peaking at $0.2706. The daily market cap stands at $2.18 billion, while trading volumes have cooled to $94.31 million, down 15.58% as some traders take profits.
On the technical side, the Pi network price had been stuck in a week-long range. Squeezed between key support at $0.23 and resistance at $0.28. As the ISO 20022 news landed, buyers overwhelmed the sell wall at $0.28, pushing the price to new short-term highs.
Supporting this bullishness is a sharp drop in exchange supply. Data shows that roughly 10 million PI tokens left exchange wallets, which typically signals stronger hands are accumulating and less coin is available for quick sale. This supply crunch can amplify price swings.
Can the rally continue? Momentum looks healthy for now, but Pi coin faces the next resistance at $0.3626. If broader crypto markets cooperate and the project delivers further institutional progress, today Pi coin price could grind higher. Watch $0.23 as critical support if the rally fades, but so far, sentiment feels upbeat.
FAQs
Pi Network’s price jump was driven by Pi Network joining the ISO 20022 banking standards group. Combined with a technical breakout above $0.28 resistance and a shrinking exchange supply.
ISO 20022 aligns Pi Network with global banking systems, putting it in the same league as XRP and Stellar.
Momentum is currently strong thanks to bullish news and shrinking sell-side supply. However, the market remains volatile, so it’s wise to watch for a confirmed trend.
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