Pi Network is demonstrating impressive resilience amidst a significant market downturn, exhibiting a modest price increase of 3.66% in the last 24 hours. The cryptocurrency market has recently experienced a devastating crash, with a 10% slide in its overall market cap. This sharp decline has raised controversies and doubts, especially as community members speculate on the involvement of prominent figures like Trump in a potential rug pull scheme. As Bitcoin falls back to $84,000, the spotlight has shifted to Pi Network, which has continued to perform with notable stability despite the ongoing bearish trend.

In an unexpected turn of events, Pi Network’s market activity is catching the attention of investors. The altcoin has not only avoided the downward spiral but also demonstrated a significant price surge. Last week, Pi Network reached an all-time high of $2.98, and although it has since faced slight dips, the altcoin is trading around $1.7, showing that it has managed to sustain its value. At the time of writing, Pi Network was valued at $1.7301, according to CoinMarketCap data. Despite the volatile conditions, Pi Network has maintained a modest growth trend.

Over the past week, Pi Network has surged by 10.85%, a significant achievement considering the overall market conditions. This uptick has contributed to an increase in its market capitalization, which now stands at an impressive $11.96 billion. As a result, Pi Network has climbed to 11th place in the overall CoinMarketCap rankings, boosting investor confidence. Many are now closely monitoring the cryptocurrency, wondering if this positive momentum can be sustained in the long run.

Technical indicators suggest that Pi Network could be on the verge of a major bullish run. The Simple Moving Average (SMA) is currently below the altcoin’s trading price, signaling potential upward movement. Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line, further suggesting a positive trend for Pi Network. Should these indicators hold, Pi Network could continue its ascent and potentially initiate a full-fledged bullish rally.

As for other cryptocurrencies, many have struggled to maintain positive momentum in the wake of the market crash. Solana and Onxycoin, for instance, have faced significant challenges, even after brief recoveries. Pi Network's resilience in the face of such adversity is a noteworthy outlier, making it an asset worth watching in these unpredictable times.