Is Pi Network’s Wedge Pattern Hinting at a Rebound as Key Updates Roll Out?

Jakarta, Pintu News – The declining Pi Network price may be preparing for a significant short squeeze, after forming a rare wedge chart pattern. This pattern is often a strong reversal signal in technical analysis.

This potential price spike is likely to be amplified by a number of recent updates that have just been announced, which are believed to fuel the growth of the Pi Network ecosystem as a whole.

Falling Wedge Pattern on Pi Network Price Signals Potential Rebound

There are many reasons that make Pi Network’s price outlook look bearish. The token is highly illiquid, with millions of coins being continuously unlocked every month with no real utility. In addition, its value has plummeted more than 90% from its highest price, losing more than $18 billion, as well as being considered highly centralized.

Read also: Pi Network Slides Further Today — Bearish Pressure Mounts on Pi Coin

However, amidst the various negative sentiments, the Pi token slowly formed a falling wedge pattern, which historically often marks a reversal to the upside. This pattern consists of two descending trend lines that are approaching each other. A strong rebound usually occurs when the two lines are close to meeting-and this seems to be underway.

Technical indicators also support the possibility of a price bounce in the near future. For example, the two lines on the True Strength Index (TSI) have formed a bullish crossover. The same thing happened with the Percentage Price Oscillator (PPO). This indicates that the price of Pi Coin is showing a bullish divergence pattern.

Some analysts also argue that Pi Network’s price is now entering an accumulation phase based on the Wyckoff Theory-a phase previously experienced by popular tokens like OKB and Zcash before they experienced parabolic price spikes.

The accumulation phase is usually characterized by sideways movement and low volume. If this scenario is accurate, then Pi Coin has the potential to surge to a price of $0.50, which means an increase of about 150% from current levels.

Conversely, if the price drops below the key support at $0.1400, then bullish projections for Pi Coin in 2025 could be considered void.

Pi Network’s Latest Updates and Launches Raise Hopes for Real Utility

One of the main reasons for Pi Network’s plummeting value is its lack of real utility. Unlike large crypto projects like Ethereum (ETH) and Solana (SOL) that process millions of transactions every day, Pi doesn’t yet have any active functions that are actually widely used.

Read also: Could Gemini’s New Solana Credit Card Spark a SOL Price Rally Toward $240?

This lack of utility has disappointed many users who initially hoped that Pi could revolutionize both the digital retail sector and real-world payments.

However, this situation started to change after the development team announced some important updates. One of these came in May, when they launched a $100 million Pi ecosystem fund to fund various projects within the Pi network. While no projects have been funded as of yet, it is believed that the opportunity will be realized soon.

Most recently, the development team also introduced a testnet for decentralized exchange (DEX) and automated market maker (AMM) tools. With this launch, developers now have a foundation to build DEX platforms like Uniswap or PancakeSwap on the Pi ecosystem.

In addition, Pi Network also released an update to the App Studio application, with the addition of AI features that make it easier for developers to build various applications.

This series of moves marks Pi Network’s serious attempt at expanding functionality and increasing the utility value of its tokens-a crucial step if it wants to compete in the increasingly competitive crypto industry.

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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. Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes. Accessed on October 22, 2025