On October 27, 2025, Pi Coin (PI) captured market attention with a significant price surge of nearly 20-26%, pushing its price to approximately $0.25. This sharp move has placed a critical technical resistance level at $0.28 in the spotlight, determining whether the rally has staying power or is merely a short-lived spike.
A Critical Technical Juncture
The recent double-digit percentage gain represents a strong rebound from recent lows. Key short-term momentum indicators have turned positive, with the 20-period Exponential Moving Average (EMA) crossing above the 50-period EMA on the 4-hour chart, a classic signal that near-term buyer interest is growing. Furthermore, the Moving Average Convergence Divergence (MACD) histogram has flipped into positive territory, confirming an uptick in bullish momentum.
However, the sustainability of this move is not yet guaranteed. The price is currently contending with a significant resistance level at $0.28. A decisive daily close above this level is the key confirmation traders are watching for, as it could open the path toward the next projected target around $0.36. Failure to break through, however, could lead to a rejection and a retracement toward lower support levels near $0.20.
Mixed Signals and Fundamental Headwinds
Beyond the immediate price action, underlying signals and project fundamentals present a more complex picture. While the surge is notable, the Relative Strength Index (RSI) on the daily chart suggests the asset is not yet overbought, leaving room for potential upward movement. A potentially encouraging sign is the reported outflow of millions of PI tokens from exchanges, which can indicate that holders are moving assets into long-term storage, thereby reducing immediate selling pressure.
Despite these positive technical signs, Pi Network faces significant fundamental challenges. The project is still characterized by very high volatility and a market that remains uncertain about its long-term value proposition. A major overhang is the token supply structure; with a total supply cap of 100 billion tokens, the ongoing large-scale unlocking of coins poses a persistent risk of oversupply, which can heavily weigh on the price if not met with equal demand. Additionally, the absence of listings on major cryptocurrency exchanges severely limits liquidity and accessibility for larger investors.
For traders and treasury managers, the situation presents a clear outlook. The short-term trend will be decided at the $0.28 level. A confirmed breakout suggests a test of higher prices, while a rejection could mean a return to lower supports. For a long-term perspective, however, monitoring the project’s progress in improving liquidity, securing exchange listings, and demonstrating real-world utility will be more important than daily price swings.
