Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?

The Pi coin price has surged by over 24% in the past 24 hours. This strong rebound follows weeks of slow, sideways movement that kept many investors cautious. Pi price now appears to be regaining strength as exchange data reveals more than 10 million tokens exited exchanges in October. This drop of nearly 2.4% in exchange supply shows rising accumulation interest among investors. However, Pi must now prove that this breakout can sustain beyond short-term speculation as volatility returns.

Pi Price Reclaims Key Resistance After Channel Break

The Pi coin price has broken decisively above its prolonged descending channel, marking a key shift in market structure after months of bearish control. The breakout was supported by a sharp rebound from the historical demand zone between $0.20 and $0.22, an area that had previously halted multiple sell-offs. 

This bounce not only confirmed strong buying activity but also reflected renewed confidence among long-term holders anticipating further appreciation.

Specifically, the Pi price has reclaimed the $0.2870 resistance level, now acting as a near-term pivot for continued upside. This level carries importance because it previously rejected every attempted recovery since June, and its breach indicates strong follow-through. 

The DMI indicator reinforces this bullish picture as the +DI line at 37.45 stays well above the -DI line, signaling firm control by buyers. Moreover, the ADX reading of 58.60 emphasizes the intensity behind the current move. The indicator suggests that this rally is not a mere retracement but a well-supported advance. 

The combination of higher highs and increasing volume confirms that market participants are aggressively accumulating at current levels. If Pi coin price holds above $0.23, the path toward the $0.40 zone becomes technically achievable, aligning with an optimistic long-term Pi price prediction that favors gradual trend expansion.

Exchange Outflows Deepen as 10M Pi Tokens Move Off Platforms

Over 10 million Pi tokens exited exchanges in October, trimming available supply by nearly 2.4%, according to Yahoo Finance.

This reduction shows rising investor confidence, with holders preferring long-term storage over active trading. It also reflects steady accumulation, which often fuels extended uptrends in the crypto market.

However, 121 million tokens are scheduled to unlock within the next 30 days. That event could briefly increase sell-side pressure if demand weakens. Despite this, exchange reserves remain low, suggesting that buyers still dominate across spot markets.

Pi price has benefited from this reduced supply environment, creating more stable support zones. Accumulation behavior remains strong even after the recent price surge. If demand sustains through the token unlock, Pi coin price could stay above $0.25 and test higher resistance around $0.30.

Can Pi Sustain Its Breakout Rally?

The Pi coin price has shown renewed strength after months of slow decline. Exchange outflows confirm investor conviction, while technical readings favor continued upside. The next challenge lies in the upcoming token unlock, which could shift short-term sentiment. If buying pressure remains firm, Pi price could extend its breakout beyond $0.30 and target $0.40 soon.