{
  "type": "article",
  "title": "Bulls Push Pi Network Above Crucial Support as Crypto Market Rebound Targets $0.10 Breakthrough",
  "summary": "Driven by improving risk appetite across the broader cryptocurrency space, Pi Network extends its winning streak to a fifth consecutive day as buyers focus on challenging the $0.1000 technical hurdle.",
  "content": "Pi Network (PI) extended its upward trajectory on Friday, marking its fifth consecutive trading day in green territory as appetite for risk across the broader cryptocurrency market showed sustained improvement. The token logged a 2% price increase over the latest 24-hour period, attempting to solidify a breakout past immediate technical resistance lines. Currently stabilizing above the $0.0900 mark, PI is actively testing a short-term resistance trendline near $0.0908. Analysts point out that if overall market sentiment remains constructive, the token appears well-positioned to attempt a decisive move toward the psychological barrier at $0.1000.\n\nTechnical Chart Breakdown and Key Resistance Levels\nLooking at the daily chart, the ongoing recovery in Pi Network hints at a delayed follow-through stemming from a previously broken falling channel pattern. The token faces immediate resistance around the $0.1000 psychological threshold. This barrier is further strengthened by the 50% Fibonacci retracement level of the downward move from $0.1341 to $0.0703, which comes in precisely at $0.1022.\n\nMarket technicians emphasize that a confirmed breakout above $0.1022 could signal a broader bullish trend reversal for the PI token. Should buyers manage to push and hold the price above this price point, the next upside target aligns with the 78.6% Fibonacci retracement level located at $0.1204.\n\nDaily Technical Indicators Support Constructive Bias\nMomentum indicators on the daily timeframe continue to reflect a healthy technical posture for Pi Network. The Relative Strength Index (RSI) stands at 56, maintaining a positive upward slope above its midline of 50. This demonstrates steady buy-side pressure taking control of near-term price action.\n\nConcurrently, the Moving Average Convergence Divergence (MACD) indicator is pushing upward toward its zero line. With the MACD histogram remaining comfortably in positive territory, momentum confirms that buyers retain the upper hand in driving short-term movement.\n\nBroad Crypto Shift Driven by Fear and Greed Index and Liquidations\nThe strength seen in Pi Network coincides with a wider market rally. The CoinMarketCap Fear and Greed Index registered a reading of 69 on Friday (and 68 in earlier sessions), signaling firm bullish sentiment and greed among digital asset investors. Higher index readings historically correlate with increased capital rotation into alternative tokens and altcoins.\n\nFurthermore, derivatives market data shows that the broader crypto market witnessed $1.84 billion in total liquidations over the past 24 hours. Crucially, $1.02 billion of these liquidated positions were short bets. This heavy wave of short squeezes highlights persistent buy-side dominance, providing underlying fuel for sustained market-wide price appreciation.\n\nUS Treasury Liquidity Boosts Solana, Bitcoin, and Major Altcoins\nA key macroeconomic catalyst behind this market-wide expansion is the decision by the US Treasury to double its debt buyback operations, committing at least $4 billion toward long-term bond buybacks. This injection of liquidity into broader financial channels has significantly bolstered investor demand for high-beta risk assets.\n\nMajor cryptocurrencies have rallied strongly on the news. Solana (SOL) surged over 19% this week, closing in on its key 200-day EMA near $89 amid accelerating institutional inflows. Meanwhile, Ethereum (ETH) gained over 25% and Ripple (XRP) added nearly 30% across the same period.\n\nLive Bitcoin Performance and Multi-Horizon Technical Analysis\nLeading the market charge, Bitcoin (BTC) has sustained its aggressive recovery toward $75,000. Live market data places BTC at $75,600, reflecting a 9.14% gain from its previous close of $69,266. Trading volume expanded to 2.76 times its 20-day average, signaling strong institutional participation.\n\nBitcoin's RSI stands at 83, indicating overbought conditions alongside powerful positive momentum. Short-term technical analysis indicates that BTC has broken above an approximate horizontal channel, establishing firm support near the $66,300 level. This robust backdrop across top-tier digital assets continues to offer tailwinds for secondary tokens like Pi Network.\n\nWhat this means for you\nFor Crypto Investors:\n\n• Across India: The breakout attempts in Pi Network and major altcoins offer short-term trading opportunities, though monitoring key resistance at $0.1022 remains essential.\n• Globally: Increased US Treasury liquidity operations are fostering a risk-on environment, heightening liquidation risks for short-sellers while boosting digital asset sentiment.\n\nQuestions & Answers\n\n1. Can Pi Network price break above the $0.1000 resistance level?\nTechnical analysis indicates that if PI clears its immediate trendline resistance near $0.0908, it can challenge the $0.1000 psychological mark and the 50% Fibonacci retracement at $0.1022.\n\n2. What is the current reading of the CoinMarketCap Fear and Greed Index?\nThe Fear and Greed Index currently sits at 69, reflecting strong bullish investor sentiment and increased risk appetite in the crypto market.\n\n3. How much was liquidated in the crypto market over the last 24 hours?\nThe market saw $1.84 billion in total liquidations over 24 hours, with short positions accounting for $1.02 billion of that total.\n\n4. How did the US Treasury announcement impact digital assets?\nThe US Treasury's decision to double its debt buybacks to at least $4 billion increased financial liquidity, boosting Bitcoin, Solana, Ethereum, and altcoins significantly.",
  "url": "https://trendkia.com/en/crypto/kripto-bajara-ki-teji-ke-bicha-pi-network-men-sudhara-0-10-ke-pramukha-pratirodha-stara-para-tiki-niveshakon-ki-najaren-19575",
  "category": "Crypto",
  "publishedAt": "2026-08-21",
  "tags": [
    "Pi Network",
    "Crypto Price Forecast",
    "Bitcoin",
    "Solana",
    "Crypto Market",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}