- Pi Network’s integration with Chainlink has boosted its utility and fueled bullish sentiment, with analysts eyeing a potential breakout to $3.
- A recent 40% price rally and technical patterns support the possibility of further gains if key resistance levels are cleared.
The Pi Network is grabbing headlines after a pivotal integration with Chainlink, raising speculation about a possible surge to $3. The integration, which sees Pi Coin added to Chainlink’s data streams, has stoked bullish sentiment among traders and crypto analysts alike.
Chainlink’s data streams are crucial for the Web3 ecosystem, supplying real-time price feeds to decentralized applications (dApps) and smart contracts. With Pi Coin now part of this system, the utility and visibility of the token have significantly increased — a development that could hasten its listing on major exchanges like Binance, Coinbase, or Kraken.
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Technical indicators hint at an imminent rally. Pi Coin has been forming a rounding bottom pattern on the four-hour chart — often a precursor to a breakout. Currently trading at around $0.75, Pi Coin has already gained over 40% in the last week. If it clears resistance at $1.12, the path to $3 becomes increasingly plausible.
Market analyst MrSpockApe sees this integration as a game-changer:
“With this move, Pi Network and its cryptocurrency PI are part of Chainlink’s data feeds, enabling dApps to access reliable on-chain pricing. This significantly expands Pi’s utility in the Web3 space.”
Despite the bullish backdrop, there are technical hurdles ahead. The RSI currently sits at 65 — a bullish zone — but the MACD is teetering on a bearish crossover. If confirmed, this could temporarily slow momentum.
Still, sentiment around Pi Network is overwhelmingly positive, and some forecasts suggest that $3 may just be the beginning. While a $10 target may be optimistic in the short term, breaking past $3 appears within reach — especially if the Chainlink partnership leads to broader exchange listings.
As the crypto market watches closely, Pi Network could be on the verge of its breakout moment. The next few weeks may prove pivotal.
