Massive Pi Network Surge Incoming? These 3 Signals Say It’s About to Happen!

Jakarta, Pintu News – The price of Pi Network has plummeted this month, continuing a downward trend that began on May 12 when it peaked at $1,670. Its value has fallen by 70% to a psychological point of $0.500.

Although market sentiment is still bearish , the falling wedge pattern, lower volatility, and the upcoming Pi Day celebration could trigger a strong rebound .

Pi Network Price Falling Wedge Pattern Signals a Rebound

The eight-hour chart (23/6) shows that the Pi Network price has formed a falling wedge pattern, which often signals a potential bullish breakout. This pattern consists of two descending trendlines that are approaching each other.

Read also: Pi Network Surges 7% Today — Is Pi Coin on Track to Hit $50 Sooner Than Expected?

In this case, the upper side of the wedge connects the higher highs since March 16, while the lower trendline connects the lower lows since May 17.

The two lines are now almost converging, a condition that is usually the start of a bullish breakout.

The price target of a falling wedge pattern is calculated by subtracting the wedge height from the breakout point. In this case, the wedge height is $0.9285 minus $0.6594, which is $0.269.

After that, the figure is added to the potential breakout point, which is $0.5328. The sum of the two results in a price target of $0.80, which is about 56% higher than the current level.

However, if the price drops past the lower side of the wedge pattern, then the bullish prediction for the price of Pi Coin will become void.

Declining Volatility May Trigger Short Squeeze

Another bullish trigger for Pi Network prices is the decreasing level of volatility. In the twelve-hour time frame, the distance between the three lines on the Bollinger Bands has narrowed, a sign that the market is no longer volatile.

Bollinger Bands is an indicator that consists of a moving average and two positive and negative standard deviations. When the distance between these lines narrows, there is often a big breakout in either direction.

The Average True Range(ATR) indicator also continues to show a decrease, which indicates that volatility is getting lower. With the Relative Strength Index(RSI) position at oversold levels, it is likely that the Pi Coin price will experience a bullish breakout.

Pi Coin Price Could Rise Ahead of Pi Day 2

The most likely trigger driving Pi Network’s price increase is the upcoming Pi Day 2 anniversary on June 28. This is an annual event also known as Tau Day. Tau Day celebrates the constant tau, which is equivalent to 2π.

Read also: Bitcoin, Ethereum, and Sui: Which Crypto Will Explode This Year?

While not as popular as Pi Day on March 14, this celebration still has the potential to cause volatility. Historically, the Pi Core Team has often used this anniversary to make big announcements. This year, Pi Day 2 also coincides with the end of the .pi domain auction.

Most likely, the Pi Core Team will announce something significant before or after the event, which could push the token price up.

Overall, the Pi Network price has seen a sharp decline in recent weeks, in line with the general crypto market trend. Bitcoin (BTC) briefly dipped below $100,000, but has since recovered.

While the downtrend may still continue for Pi Coin, the formation of a falling wedge pattern, low volatility, as well as momentum from the upcoming Pi Day event could be a trigger for a bullish breakout.

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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.

Reference:

• Coingape. 3 Reasons Pi Network Price Could Soar This Week. Accessed on June 25, 2025