{"content":"🚀 PI Price Climbs as CEX Withdrawals Point to Growing Bullish Demand After rising 4.92% Wednesday, Pi Network's PI token rises. CEX wallet balances have dropped significantly in the last 24 hours, indicating increasing withdrawals. At press time on Thursday, Pi Network (PI) is at $0.3653, down from $0.3747. Technical and exchange reserves show a bullish bias, with an RSI divergence, a double bottom pattern, and a significant outflow from CEX wallet balances indicating higher demand. PiScan data reveals the CEXs' wallet balances lost 5.14 million PI tokens in 24 hours, lowering the reserve to 409.55 million. The Pi Hackathon 2025, the ecosystem's first hackathon following Open Network, may have caused this large withdrawal, which reduced CEX's balances by 1.24% and increased investor demand. Pi Network's PI token rose roughly 1.50% at press time on Thursday, extending Wednesday's 4.92% gain. The $0.3442 support level reversal suggests a double bottom pattern, previously demonstrated on August 6, targeting the 50-day EMA around $0.4319. On the daily chart (below), the declining average line matches the falling channel pattern resistance trendline. A convincing closure above this level might boost a bullish trend above $0.5000. RSI is 42 on the daily chart, approaching the midway level as buying pressure returns. Compared to the $0.3442 fall, the RSI has rebounded considerably, showing bullish divergence. Still, the MACD and signal line have combined and drifted sideways, indicating a lack of clear trend momentum. However, a reversal below $0.3442 would invalidate the double bottom reversal pattern and increase the possibility of the all-time low $0.3220. #pi #PiCoreTeam #CryptoRally #StrategyBTCPurchase #Write2Earn $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/21/688d7b4a3e3640cbb69ed6fffac73c14.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}