{"id":14773,"date":"2025-10-30T12:10:13","date_gmt":"2025-10-30T12:10:13","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pi-network-price-rejects-sharply-at-0-29-can-the-uptrend-hold\/"},"modified":"2025-10-30T12:10:18","modified_gmt":"2025-10-30T12:10:18","slug":"pi-network-price-rejects-sharply-at-0-29-can-the-uptrend-hold","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pi-network-price-rejects-sharply-at-0-29-can-the-uptrend-hold\/","title":{"rendered":"Pi Network price rejects sharply at $0.29: can the uptrend hold?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pi Network price has flipped into a short-term uptrend, but it has faced a strong rejection at the $0.29 level. However, short-term bias remains bullish as long as price holds above the ascending trendline that defines the current uptrend.<\/p>\n<div id=\"cn-block-summary-block_f412e195ad438cc9b8f0826e358dee9b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pi Network price has reclaimed EMA 9 and EMA 21, forming higher highs and higher lows, with a bullish EMA crossover signaling strengthening short-term trend.<\/li>\n<li>Pi Network\u2019s investment in OpenMind and its 350,000-node AI proof-of-concept highlight growing utility for decentralized compute power.<\/li>\n<li>The recent report of Pi Network joining the ISO 20022 standard position it for greater interoperability with global payment and banking networks.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Pi Network price technical analysis<\/h2>\n<p>Pi Network (PI) price is showing signs of a developing short-term uptrend, with the price forming a higher low around $0.19 followed by a higher high near $0.29. <\/p>\n<p>The recent reclaim of both the EMA 9 and EMA 21, along with a fresh bullish crossover between the two moving averages, marks the first meaningful bullish signal since the May rally. Both EMAs are now sloping upward, indicating strengthening short-term momentum.<\/p>\n<p>That said, strong rejections around $0.28 and $0.29, evident from long upper wicks at the latest high, suggest sellers are active at those levels. <\/p>\n<p>With both RSI and Stochastic RSI oscillators in overbought territory, a short-term pullback or consolidation appears likely. However, as long as Pi Network price continues to hold above the current ascending trendline, the bias remains bullish in the short term. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PI 1D chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=OKX%3APIUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s driving Pi Network price?<\/h2>\n<p>In addition to the cautiously bullish technicals, Pi Network has recently made a significant strategic move by announcing its first investment in OpenMind, a company developing a decentralized operating system for robots and AI systems. Prior to the investment, the two teams conducted a proof-of-concept experiment leveraging more than 350,000 Pi Network nodes, successfully demonstrating that the network can process real AI workloads.<\/p>\n<p>Additionally, Pi Network has recently joined or aligned with the ISO 20022 messaging standard (the global banking\/financial-messaging standard) alongside networks like XRP and Stellar \u2014 a move that would enhance its interoperability with traditional banking and payment systems.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pi Network price has flipped into a short-term uptrend, but it has faced a strong rejection at the $0.29 level. However, short-term bias remains bullish as long as price holds&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14773"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14773\/revisions"}],"predecessor-version":[{"id":14774,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14773\/revisions\/14774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12751"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}