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#PI Such a strong upward rally? Besides node upgrades, is there any other good news?
1. Mainnet node upgrade catalyst (most direct)
On February 15, nodes were forcibly upgraded (v19.6→v23), market expectations of technical optimization and a more stable network, leading to short-term buying interest.
2. Positive KYC expectations
KYC validator rewards launched in March, an additional 700,000+ KYC slots, and the unlocking of 2.5 million user migration qualifications, boosting community sentiment.
3. Market sentiment + oversold rebound
Improved US inflation data and rising expectations of Federal Reserve rate cuts stabilized the crypto market; PI experienced a rebound after being oversold, with bottom-fishing and short covering.
4. Technical recovery
Around 0.13 is a short-term support level; after the decline slowed, buying interest emerged, forming a small rebound with low volume.