{"content":"🔥 PI Faces Key Resistance—Breakout Momentum Accelerates! ⚡📊  Pi Network breaks its consolidation range and rises. A huge wallet investor buys over 3 million PI tokens, the greatest transaction in 24 hours. After breaking out of a consolidation range, Pi Network (PI) rises over 4% at press time on Tuesday. Whales, huge wallet investors, bought roughly 3 million PI tokens, indicating confidence in the breakout move. As Bitget and MEXC exchanges sell their shares, Pi network struggles to break $0.50. According to PiScan statistics, the greatest transaction in the last 24 hours was the withdrawal of 2.91 million PI tokens worth $1.41 million from the OKX exchange to the “GASWBD…J2AODM” wallet. Whales' high-volume withdrawals show confidence. Bitget and MEXC sell PI. The top 24 hour transactions on PiScan indicate two 599,999 PI token transfers from MEXC exchange to Gate.io and OKX exchange. Also, Bitget deposited 404,999 PI tokens to Gate.io. MEXC and Bitget's outflows reflect a PI token sell-off or planned redistribution. Pi Network tests the 4-hour chart's 200-period Exponential Moving Average (EMA) at $0.4994 after consolidating. A modest retreat occurs when PI hits $0.5215, its 24-hour high, but fails to close above the 200-period EMA. The upswing might reach $0.5223, the June 18 low, if PI breaks the 200-period EMA. The 50-period EMA approaches the 100-period EMA, a bullish crossing. Sidelined investors may purchase when a short-term rally outpaces the medium-term trend. This MACD and signal line cross over the zero line. A return of green histogram bars from the same line signals bullish momentum. On the 4-hour chart, the Relative Strength Index (RSI) is 68, over the halfway level, indicating positive short-term trading momentum. PI might fall below the 50-period EMA at $0.4551 if it fails to hold above the 100-period EMA at 0.4656. #pi #PiCoreTeam #PiNetwork ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/22/c7975956e69c47d082cd59d5c2e9acb3.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}