PI COIN AT A CROSSROADS: 60% SURGE IN NETWORK MIGRATION CLASHES WITH BEARISH BREAKDOWN RISK

Pi Coin (PI) is currently trapped between improving fundamental utility and a dangerous technical structure as of February 24, 2026. While the Pi Network has seen a massive 60% surge in mainnet migrations, surpassing 16.2 million users, the price remains vulnerable to a 32% breakdown toward a new all-time low. A rare shift in exchange netflows with 305,547 PI leaving exchanges in 24 hours suggests that “smart money” is beginning to accumulate, yet a hidden bearish divergence on the RSI warns that the recent 7% bounce may be a temporary “handle” before a deeper collapse below $0.154. Fundamental Growth: 16.2 Million Migrations and Negative Netflows The underlying utility of the Pi Network is expanding rapidly, providing a stark contrast to the asset’s recent price struggles. Migration Surge: Total mainnet migrations have jumped 60% compared to 2025 levels, indicating that millions of users are successfully completing KYC and moving their mined coins into the live ecosystem. This transition is essential for the network’s long-term sustainability and developer activity.Rare Accumulation Signal: For the first time in weeks, exchange netflows have turned negative. The withdrawal of over 305,000 PI from centralized platforms suggests that some investors are moving coins into private custody, a behavior typically associated with long-term holding rather than immediate selling. Technical Warning: Inverted Cup-and-Handle and RSI Divergence Despite the positive network news, the price chart is flashing several “sell” signals that traders cannot ignore. The Bearish Pattern: Pi Coin is currently forming an inverted cup-and-handle pattern. The recent 7% recovery represents the “handle,” which often serves as a brief pause before the price breaks lower.Hidden Bearish Divergence: A mismatch has appeared where the RSI is making higher highs while the price is making a lower high. This indicates that the current momentum is not backed by strong price action, increasing the risk of a breakdown if PI fails to stay above the $0.166 benchmark. The Smart Money Factor: Reclaiming $0.187 or Dropping to $0.108 Pi Coin’s immediate direction will likely be determined by the conviction of experienced “smart money” investors. Smart Money Index: After fueling a 54% rally on February 13, the Smart Money Index is once again attempting to rise above its signal line. If these investors continue to buy the dip, it could provide the necessary support to invalidate the bearish technicals.Critical Levels: To confirm a recovery, Pi Coin must first reclaim $0.187 and eventually break the $0.207 resistance. Conversely, a daily close below $0.154 would confirm the breakdown target, potentially sending the price toward a new bottom at $0.108. Essential Financial Disclaimer This analysis is for informational and educational purposes only and does not constitute financial, investment, or legal advice. Reports of a 60% surge in Pi Network migrations and a potential 32% price breakdown are based on technical analysis and network data as of February 24, 2026. Technical patterns like the inverted cup-and-handle and RSI divergence are probabilistic and do not guarantee future performance. Pi Coin remains a highly speculative asset with extreme volatility; the 10% decline over the past week highlights the risk of significant capital loss, particularly if the $0.154 support fails. Always conduct your own exhaustive research (DYOR) and consult with a licensed financial professional before making significant investment decisions in the Pi Network or other digital assets.

Do you think the 16M network migrations will finally “save” the price, or is the $0.108 bottom inevitable?