Pi Network (PI) Price Prediction: Due to optimistic sentiment surrounding the integration of generative AI, PI could soar to $1.00.

Gate News, the price of Pi Network (PI) continues to pump, reaching $0.6299 during the Asian morning session on Thursday (June 26). Driven by market sentiment surrounding the potential integration of generative artificial intelligence (AI), this breakthrough extends its Rebound momentum since the dumping over the weekend.

On the 100th day of the Open Network blockchain going live, the Pi Network team hinted at the possibility of integrating GenAI. According to FXStreet, a panel discussion hosted by project co-founder Nicolas Kokkalis sparked heated discussions in the community, with positive sentiment continuously rising.

Santiment data shows that the mention rate of PI on social platforms such as X, Telegram, and Reddit has risen. According to the social volume chart below, the discussion volume of PI this week has stabilized.

(Source: Santiment)

As shown in the figure below, positive sentiment is rising in sync with social media volume. The steady increase in sentiment could potentially drive prices to rise.

(Source: Santiment)

The Pi Network team is expected to announce details of the panel discussion with co-founder Kokkalis, which may confirm the feasibility of GenAI integration. In the broader cryptocurrency market, interest in the intersection of AI and blockchain technology continues to heat up, which may explain the hype generated by the announcement on June 28.

Technical Outlook: PI maintains an upward trend, target price of $1.00

FXStreet analyst John Isige stated that the PI price shows bullish technical signals, primarily the Moving Average Convergence Divergence (MACD) indicator, which has rebounded near the midline. The confirmed buy signal from Monday continues to influence risk appetite, encouraging traders to seek investment in this token.

In the 8-hour chart below, the resistance level of the 100-period Exponential Moving Average (EMA) is at $0.66, and the resistance level of the 50-period EMA is at $0.59, which may affect the trend of the PI price in the upcoming trading days. A price breakout above the resistance level may drive the PI price up to $1.00.

On the contrary, if the 50-period EMA support level of $0.59 cannot be held, PI may retrace the gains accumulated over the past few days. The weekend low around $0.46 remains a zone of interest for traders, at least until PI breaks through the $1.00 level and the downward trend line resistance.

(Source: FXStreet, Trading View)