Wedge Pattern Active, Pi Network (PI) Price Strengthens Significantly!

Updated

April 7, 2025

Gambar Wedge Pattern Active, Pi Network (PI) Price Strengthens Significantly!

Jakarta, Pintu News – Pi Network (PI) has recently recorded a significant price increase, driven by high trading volumes and the activation of a wedge pattern indicating a potential trend reversal.

Recently, the token surged by more than 45%, reaching a new peak of $0.75, its highest value since March 31. This surge coincided with an increase in trading volume that reached over $1 billion, the highest figure since early March.

Check out the complete analysis below!

Price Drops and Causal Factors

Since peaking at $3 on February 26, the price of Pi Network has experienced a sharp decline, dropping by more than 75%. This decline has caused enormous losses for investors and early adopters known as pioneers.

One of the leading causes of this decline is the significant increase in token supply, which is expected to grow by 1.6 billion in the next 12 months. This increased supply will likely put negative pressure on prices due to the dilution effect on existing investor holdings.

In addition, Pi Network has also experienced difficulties in growing its ecosystem. Many developers choose to work with other major networks, such as Berachain, Solana , and Avalanche , which are more stable and have wider support.

This shortcoming is compounded by the fact that Pi Network is not yet listed on tier-1 crypto exchanges such as Coinbase, Binance, and Kraken, which limits its accessibility for millions of potential users.

Wedge Pattern and Its Impact on Price

pi network wedge pattern — Source: Crypto.news

Pi Network’s recent price recovery can be attributed to technical factors, specifically activating the falling wedge pattern, which has been identified as a strong bullish signal.

This pattern is characterized by two converging and declining trend lines. A bullish breakout occurs when these two lines converge and trading volume increases consistently. This indicates that there may be a trend reversal from bearish to bullish.

In addition, Pi Network is also showing a bullish divergence pattern, where oscillators such as MACD and the Bollinger Bands Trend indicator are increasing while the price is rising. These patterns suggest that there is further potential for price increases, with the next psychological target at $1, which would mean an increase of about 35% from current levels.

Also read: Pi Network (PI) Price Rises to $0.7 on Weekend, Trading Volume Approaches $1 Billion!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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