Deep-pocketed buyers push Pi Network past $0.27 – Can retail catch up?

Key Takeaways 

What triggered Pi Network’s 21% surge and breakout above $0.27?

A combination of whale accumulation, surging trading volume, and bullish futures positioning fueled Pi’s strong breakout.

Can PI maintain its momentum and extend the rally toward $0.36?

Sustaining a price above $0.27 is crucial; continued buy-side dominance could drive a push toward the $0.36 resistance zone.

Since early October, Pi Network [PI] has witnessed a dramatic reversal, soaring over 21% in the past 24 hours to trade at $0.25. 

Its market capitalization climbed to $2.08 billion, while trading volume spiked 535% to $61.7 million, signaling a revival in trader activity.

After weeks of consolidation between $0.20 and $0.23, Pi finally broke out of its range, supported by whale accumulation and bullish derivatives flows.

Pi finally breaks the chains as buyers return

Pi’s breakout from a descending channel confirmed a shift in short-term market structure. The altcoin crossed its key resistance at $0.2757, reinforcing bullish sentiment after multiple failed retests of the $0.23 level.

That move aligned with buyers defending higher levels for the first time since September. The next major target sits near $0.3626, matching a prior supply zone.

However, a rejection around this level could pull Pi back toward the $0.23 support range.

Source: TradingView

Derivatives data reveal bullish conviction

Data from Futures Taker CVD showed a strong “taker buy dominant” trend, confirming aggressive long positioning in the Derivatives market. This pattern suggested that traders expected continued upside, supported by a parallel surge in leveraged participation.

The rally also combined expanding Spot Volume with long dominance, implying that conviction—rather than short liquidations—was behind the move.

Even so, a sharp rise in Funding Rates could hint at overheating and slow near-term gains.

Source: CryptoQuant

Whale orders hint at deep-pocketed accumulation 

Spot Average Order Size data revealed large whale accumulation, confirming that deep-pocketed buyers added positions through the breakout.

The influx of large orders coincided with the surge above $0.23, indicating that accumulation preceded the move.

Furthermore, the rapid growth in trading volume supported the thesis that these large entities were positioning for a potential mid-term recovery. 

Still, a pullback toward lower supports cannot be ruled out if whales begin profit-taking near major resistance levels.

Source: CryptoQuant

Can Pi sustain this breakout or fade back to consolidation?

Pi’s breakout above $0.27 reflected structural strength from whale activity and long-side dominance. Maintaining momentum above this level will decide whether Pi extends its run toward $0.36 or re-enters consolidation.

If buying pressure remains stable, Pi could build on its recovery from the prolonged downtrend and reestablish a short-term bullish cycle.