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- Pi Coin gained 15% as network and KYC progress boosted investor confidence.
- Derivative data shows rising Open Interest and long dominance.
- A breakout above resistance could propel PI toward the $0.6 target.
Pi Coin (PI) continues its strong upward trend, gaining 15% in the past 24 hours as bullish sentiment builds across markets. The rally follows major progress in Pi Network’s ecosystem, particularly around user verification and compliance upgrades — signaling a more mature and globally aligned project.
Recently, the Pi team confirmed that over 3.36 million new Pioneers have completed KYC verification, supported by an AI-powered system that processed nearly 4.8 million applications. This milestone boosts the total number of migrated users to 2.69 million, reflecting the project’s growing operational readiness ahead of its planned ISO 20022 integration — a key step toward aligning with international financial standards.
Investors Show Renewed Confidence
Investor sentiment around Pi has turned overwhelmingly bullish. According to CoinMarketCap, 92% of the 4.4 million investors tracking the asset voted bullish, suggesting strong accumulation activity. This optimism is mirrored in the derivatives market, where Open Interest has surged to $33 million, and the Funding Rate turned positive at 0.0055%.
These indicators show that long positions dominate, reinforcing the view that traders expect further upside. As one Pi core contributor clarified, however, the network’s migration process remains ongoing, with the current Testnet still on version 19 — not yet upgraded to v23 — dispelling rumors of completion.
$Pi Testnet2 is currently still at v19 and has not yet been successfully upgraded to v23, so don't believe any rumors. ⚠️ #PiNetwork pic.twitter.com/mYDCN96fNo
— PiNetwork DEX⚡️阿龙 (@fen_leng) October 29, 2025
Technical Outlook: Eyes on the $0.6 Target
At the time of writing, PI is approaching a critical resistance zone. Its Relative Strength Index (RSI) sits at 65, suggesting robust buying momentum. A decisive break above this level could push the token toward the $0.5–$0.6 range, potentially revisiting highs seen earlier this year.
Momentum Meets Milestones
With expanding user verification, rising derivatives activity, and sustained investor confidence, Pi Coin’s bullish narrative remains intact. If momentum continues, PI could be on track to establish stronger footing in the broader crypto market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Pi Network Surges 17%: The Hidden Crypto Gem Driving October’s Market Comeback
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
