Pi Network (PI) captured the market’s attention today, surging over 10% to stand out as a top performer alongside Stacks (STX) and Maple Finance (SYRUP).
Pi Network (PI) captured the market’s attention today, surging over 10% to stand out as a top performer alongside Stacks (STX) and Maple Finance (SYRUP).
The move came with a notable 14.88% spike in trading volume, reaching $131 million, while the market cap soared to $4.44 billion, making PI the 27th-largest digital asset by market capitalization, as per .
This move comes alongside a generally bullish day for the crypto market, with Bitcoin holding near $106,000 and Ethereum trading around $2,400.
Chart analysis on the PI/USDT pair suggests a major descending triangle breakout may be in progress. Price action has pressed against the triangle’s resistance trendline, and today’s breakout attempt brings the pair close to a bullish inflection point.
The OBV (On-Balance Volume), while still negative, shows flattening out, indicating that selling pressure may have exhausted. Meanwhile, the Balance of Power (BoP) has flipped positive at 0.75, suggesting bullish control of the market.
If price decisively breaks above the descending trendline, $1.50 becomes a realistic upside target based on measured move projections.
However, analysts like Dr. Altcoin remain skeptical. He recently predicted a drop to $0.40 by August, citing weak fundamentals and overhyped events. But PI’s almost 10% jump today seems to counter that bearish narrative, at least for now.
Much of the excitement surrounds Pi2Day, , a symbolic event marking the network’s annual progress. Google Trends shows search interest for “Pi2Day” peaking at 100 on June 21, reflecting massive anticipation.
Speculations about possible exchange listings, especially on Binance, and even a potential GenAI integration, teased by the Pi Core team, have pushed PI prices higher. The recent rollout of a long-awaited KYC sync feature has also improved user sentiment and addressed long-standing criticisms of the project.
Joining PI in the winner’s circle today are Stacks (STX) and Maple Finance (SYRUP). STX rose 5.2% following the June 18 , which unlocked Bitcoin DeFi tools like staking, NFT minting, and lending access through the Stacks Layer 2.
SYRUP surged 17% to $0.5848, setting a new all-time high, driven by explosive growth in ecosystem metrics, including TVL which was up 433% YTD to $1.6 billion while ,monthly fees jumped from $568K in April to $2.7 million in May.
