Pi Network Token Price Surges on Bullish Breakout and Developer Updates
The Pi Network's token prices have been on the rise, increasing by 2.5% in the past 24 hours and 4.81% over the week. This performance is a notable contrast to Bitcoin's returns of 1.06% and 2.13% over the same time frames.
The team behind Pi Network has introduced new capabilities for developers, including local storage support and access to app-specific staking data. This development aims to enhance the network's application-level utility.
A bullish breakout past a month-long range formation has contributed to PI's growth. However, the altcoin still operates within a broader downtrend, with key swing levels at $0.139 and $0.070. A local resistance zone at $0.0955 has been breached, but holders must remain cautious due to the bearish daily swing structure.