{"content":"Pi Rebounds Strong 💎 – Channel Breakout on the Horizon? 📈⚡ Pi Network's PI token rises Friday following a week of consolidation. PI is nearing a channel breakthrough that might boost prices. User deposits have increased CEX wallet balances, lowering retail demand and purchasing pressure. Pi Network (PI) rises over 3% at press time on Friday, ending a week of stabilization and teasing a channel breakout that might lead to greater gains. The rise in Centralized Exchanges (CEXs) wallet balances, which suggests a fall in retail demand, limits breakout potential. CEX reserve rise suggests retail decline A rise in CEX reserve indicates a drop in investor confidence due to higher user deposits. Over the last 24 hours, CEX wallet balances have climbed by 2.01 million PI tokens, suggesting a slowdown in retail demand, according to PiScan. Pi Network rose almost 3% at press time on Friday, challenging the daily chart's upper border of a falling channel pattern. The intraday rebound after a week-long cool-off suggests a channel breakthrough. A convincing closing above this trendline at $0.3610 confirms channel breaking. PI's next challenge may be the 50-day Exponential Moving Average at $0.3836. MACD and its signal line have a solid uptrend on the daily chart, showing positive momentum, increasing the likelihood of a trend reversal. The Relative Strength Index (RSI) has reached neutral levels at 50, and the recent increase suggests buying pressure is returning. If PI fails to close firmly and reverses from the overhead trendline, it might retest the August 1 all-time low of $0.3220. #pi #PiCoreTeam #PiNetwork #Write2Earn #MarketRebound $ETH $XRP $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/12/ff3908acd0e149708ecdcedfeeb16694.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}