Pi Token Surges on Chainlink Integration, Sparking New Bullish Sentiment

The Pi Token surged following its integration with Chainlink, sparking new bullish sentiment. The price climbed over ten per cent in days, and analysts now predict the token could gain over two hundred per cent, pushing past the two-dollar mark.

Pi Token (PI) price surged ten per cent on Thursday, as the recent Chainlink integration continues to spark interest in the token. Analysts now predict the token could gain over two hundred per cent to reach two dollars.

The optimism stems from Chainlink’s integration with Pi Network in April, which unlocks real-world use cases for the token, ranging from lending to gaming. This unlocks new possibilities for the project, boosting long-term adoption potential.

However, Pi still faces challenges, including completing KYC verification and migrating to Mainnet. But with the market reacting quickly to the new use cases, some believe this could be the beginning of the Pi price breakout phase.

Utility Boost from Chainlink Integration

Chainlink provides secure, real-time data feeds that allow Pi to interact with external data, something blockchains can’t do on their own. This enables the creation of decentralized applications, such as lending platforms, staking protocols, and in-game economies.

The added utility is already driving renewed interest in the token, and analysts say it’s a foundational move that could lift Pi out of speculation and into real-world use.

This isn’t just theoretical; businesses in regions like Korea and Florida have started accepting Pi payments, and the new Pi Ad Network adds a revenue stream for developers through ads paid in Pi Coin.

Despite the slow rollout of KYC and Mainnet migration, the fundamentals are shifting. With tens of millions of users already verified and a larger audience still to onboard, the potential for future growth remains strong.

As the project progresses, investors and crypto enthusiasts will be following the token’s price movements closely.

Pi Price Prediction: A Potential Breakout Phase?

The price of Pi has fallen sharply in recent days, slipping below the $0.60 support. However, the token recovered slightly, reducing some selling pressure.

The RSI is at 26.82, indicating that the token is oversold. Historically, oversold conditions have signaled potential short-term rebounds.

However, bearish momentum persists, as evidenced by the MACD death cross and the negative histogram.

Source: Pi/USD on TradingView.com

Previous golden crosses of the MACD indicator have typically coincided with the beginning of strong rally phases for Pi.

Nevertheless, the current setup suggests caution, with strong support levels at $0.55 and a deeper demand zone around $0.40.

If Pi manages to stabilize above $0.60 and reclaim the $0.65 resistance, it could set the stage for a recovery towards the $0.70 resistance or a higher demand zone. Otherwise, further declines towards lower support levels are more likely.

Despite the recent optimism surrounding Chainlink integration and increased crypto adoption potential, the technical analysis reveals that Pi is currently consolidating with a slight bias to the downside.

A breakout above the $0.70 resistance is needed to cancel the correction and suggest that buyers have returned for a continuation of the long-term uptrend. Otherwise, an extended correction phase could unfold.