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Just noticed Pi Network has been bouncing hard lately - up around 30% from where it bottomed out recently and hitting levels we haven't seen since late February. Pretty interesting considering the broader market has been choppy.
Looking at what could be driving this, there's the V23 upgrade coming up that's supposed to improve network speed and make it easier for devs to build. Plus there's talk about potential tier-1 exchange listings, which usually means more liquidity and volume. The Pi DEX launch and RWA tokenization efforts are also getting attention from the community.
On the technical side, the daily chart is showing what looks like a bullish flag pattern forming, which traders typically see as a bullish continuation setup. The Supertrend flipped green recently too. Support is holding around $0.1556 and resistance is sitting near $0.2050. If we can break above that resistance cleanly, there could be room to run toward $0.2500.
That said, current price is around $0.17 with a -4.76% pullback in the last 24 hours, so it's not a straight line up. Broader market conditions still matter. If crypto keeps weakening, all bets are off. But if momentum holds, the setup looks interesting for the next few weeks.