Pi Network (PI) has recently gained attention due to an 11% price surge caused by the withdrawal of more than 86 million tokens from OKX. This triggered speculation of a coordinated supply squeeze, boosting positive sentiment. Technical indicators, such as DMI and EMA, suggest increasing strength and a potential golden cross formation may lead to a continued breakout. However, volumes-based metrics like CMF show uncertainty, indicating upcoming days are crucial for confirming PI's direction.

The withdrawal of tokens from the OKX exchange has significantly reduced PI reserves and sparked speculation of a coordinated supply squeeze. This move has been interpreted by some investors as an attempt by large holders to limit the circulating supply and potentially raise prices. While this has boosted bullish momentum and placed PI at the top of CoinGecko's trending list, concerns remain regarding its long-term prospects, including mainnet rollout, exchange listings, and broader use-case development.

From a technical perspective, PI's DMI reflects growing strength, with the ADX and +/-DI lines indicating bullish control. However, the CMF shows fading buying pressure despite the recent surge. The potential golden cross setup could lead to further gains if resistance at $0.96 is breached, with possible targets at $1.30 and $1.67. Conversely, a pullback below key support levels could turn sentiment bearish. Traders await confirmation of the golden cross and successful clearance of resistance levels to determine the future direction of PI.