- Pi Network price jumped to highs of $0.28 as gaming partnership news boosted bulls.
- A retest of $0.25 is key and bulls could recover to target $0.50.
- PI remains near its highest level in over a month.
Pi Network (PI) is among the altcoins to hold onto gains in the past 24 hours as of writing.
After ranking among top-performing tokens in the top 100 by market cap, PI shed gains to just over 2% over the last 24 hours.
However, PI still trades green alongside Sky and Monero, and at $0.25, hovers at a key level for both bulls and bears.
Notably, Bitcoin’s surge above $90,000 helped flip sentiment. More than that, Pi Network’s recent gaming partnership looks to be a crucial catalyst.
“The partnership between Pi and CiDi Games reinforces Pi’s ongoing initiative toward building out a viable, self-sustaining gaming environment in the Pi ecosystem, and will take these efforts to the next level, scaling game integration, social interactions and innovation across the network,” the team wrote in a blog post.
PI price outlook: Can bulls hold $0.25?
As cryptocurrencies experienced a slight uptick over the week, one of top top-gaining tokens was PI.
The announcement around PI’s expansion into the burgeoning gaming sector, which came earlier in the week, has buoyed prices.
Mainly, adding to the real-world utility of PI is attracting attention.
On November 26, the token traded around $0.24.
Yet amid the news, prices rose sharply, and buyers hit multi-week highs above $0.28.
With bulls managing to retest highs of $0.28, the highest level in over a month, the $0.30 supply zone came into view.
Above this lies the all-important April-May 2025 floor around $0.50-$0.58.
The latest uptick for PI price is therefore key to momentum, particularly as sellers have pushed prices back to the $0.25 support area.
PI price technical outlook
On the technical front, bulls have retreated from the resistance line of an ascending triangle on the daily chart.
The immediate hurdle lies in the $0.27-$0.28 range, and a flip from this mark has bulls currently battling to keep the $0.25 level.
Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence indicator paint a mixed outlook.
The RSI on the daily chart is downsloping after bouncing off the overbought level at 70, with overbought conditions having helped buyers push lower.
RSI is currently around 60, but a bullish divergence favours bulls.
If RSI holds 60, an upsloping trajectory could see PI price recover to $0.28 and allow for a potential breakout beyond $0.50.
This outlook will strengthen if MACD maintains the positive structure that has a histogram in green.
On the downside, a breakdown to $0.20 risks sending bulls to October 2025 lows of $0.15.
