Pi Network (PI) has surged over 70% in the past 24 hours, leading to a market capitalization of $16 billion and a volume of over $2.3 billion. However, technical indicators suggest a volatile path ahead for PI, with potential pullbacks to support levels of $1.7 or even $0.79. The Directional Movement Index (DMI) and Average Directional Index (ADX) have shown significant momentum and strength in the current trend. The Positive Directional Indicator (+DI) is higher than the Negative Directional Indicator (-DI), confirming a strong bullish trend. On the other hand, the Bollinger Bands Trend indicator (BBTrend) has declined, indicating that the current uptrend may be becoming overextended and vulnerable to correction. Pi could continue its ascent and test resistance levels at $3.5 or $4, but a pullback to support at $1.7 or even lower is possible if the negative BBTrend signal materializes.



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