PI Price Spikes 12% as Pi Network Confirms Full MiCA Compliance
- PI breaks a months-long structure as buyers drive the token above a long-standing resistance.
- Trading volume surges as renewed market interest builds ahead of full MiCA compliance.
- Pi Network outlines its MiCA roadmap and reports an extremely low annual energy footprint.
PI caught the market’s attention on Wednesday after the token recorded one of its strongest daily performances in weeks. The move followed a MiCA-compliant whitepaper filing in Europe. The announcement broke the quiet stretch surrounding the project and sparked a wave of renewed trading interest.
Breakout After Months of Compression
For most of the past quarter, PI moved inside a stubbornly narrow structure. Every attempt to climb was stopped by the same descending trendline, forming a symmetrical triangle that gradually tightened the range. That changed in the last 24 hours.
After holding steady above the $0.22–$0.23 zone, buyers pushed the price past the upper boundary, finally ending a period of slow grinding movement. By press time, PI hovered around $0.24, up 12% on the day and 24% across the month. The shift didn’t happen quietly. Trading volume jumped to $69 million, nearly triple the day before and far higher than anything seen recently.
The jump suggested that traders were not simply reacting to a headline but positioning themselves early for whatever comes next. Market indicators mirrored the strength. The RSI sat near 61, far from overheated levels but firmly in bullish territory.
PI also traded above its 50-day moving average at $0.22, a level that now acts as a cushion if momentum slows. Even so, the long-term picture remains anchored by the 200-day average near $0.42, reminding traders that the broader trend is still recovering from earlier declines.
Why is PI Price Rising?
Regulatory Progress Lands at a Critical Moment
Much of the excitement came from Pi Network’s newly released MiCA Whitepaper, which outlines how the project intends to operate under the EU’s forthcoming digital-asset rulebook. For any token seeking legitimate access to Europe’s regulated trading venues, MiCA compliance is non-negotiable.
PI’s documentation signals that the project is preparing for a far wider market presence once the framework takes effect. The timing also follows a notable step into traditional markets. The Valour Pi ETP, an exchange-traded product backed by the token, is now listed on Sweden’s Spotlight Stock Market.
One detail in the whitepaper drew extra attention. According to the project, Pi Network’s estimated yearly energy use is roughly 0.0024 TWh. For reference, Bitcoin sits near 185 TWh. The contrast is so large that it puts Pi among the most energy-efficient networks currently discussed in policy circles. With global regulators increasingly weighing environmental costs, the timing of these figures worked in the project’s favor.
Market Behavior Signals Confidence
The reaction in the market wasn’t subtle. Traders aggressively bought every dip around $0.225, keeping the price from slipping back into its old trading cage. This steady buying pressure helped build the structure that eventually pushed PI through its long-standing ceiling. The pattern looked less like a moment of sudden speculation and more like a slow buildup of confidence as details emerged.
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Key Levels to Watch After the Breakout
Now that the breakout is confirmed, eyes turn toward the $0.28–$0.29 region. This area overlaps with the 61.8% Fibonacci marker, a level that traders often monitor for potential shifts in direction. Clearing it would give PI a clean runway toward a broader recovery.
However, if momentum cools, the token could fall back inside the old triangle and return to consolidation. A deeper downturn would place pressure on the $0.20–$0.19 zone, a region that has repeatedly stopped sellers throughout the year.
