The PI token from Pi Network is witnessing heightened demand, highlighted by a withdrawal of 5.14 million tokens from centralized exchange wallets. This trend suggests investors are choosing to hold tokens off exchanges, often interpreted as a bullish indicator. The token's current price is $0.3653, slightly down from a recent high of $0.3747. The ongoing Hackathon 2025 is contributing to community optimism, with technical analysis pointing to potential bullish developments. Patterns such as a double bottom setup and RSI divergence indicate a possible breakout. Investors are watching the 50-day EMA at $0.4319 as a key resistance level, which, if surpassed, could lead to further price gains.