Pi Crypto News: Technical Patterns Signal Potential Surge Despite Manipulation Concerns

Jakarta, Pintu News – The price of Pi Network has participated in the ongoing crypto market rally. On Monday (10/27), its price surged to $0.2933, up 96 percent from its lowest point this month.

Pi prices have risen for six consecutive days, despite warnings regarding potential market manipulation.

Pi Network Price Shows Bullish Pattern, Potential to Go Higher

In the daily time frame chart (10/28), it can be seen that the Pi Network price has started to bounce back after dropping to an all-time low of $0.15177 on October 11 during the crypto market crash.

Read also: Pi Network Price Jumped 13% Today, How High Can Pi Coin Go?

Pi has formed two technical patterns that could indicate further upside potential in the near term. First, an inverse head and shoulders-like pattern was formed, with the “head” at $0.1517 and the “shoulders” around $0.2.

Secondly, the token also forms a falling wedge pattern, which is a pattern consisting of two descending trend lines approaching each other. This pattern usually gives a bullish signal when the price manages to break the upper trend line. Currently, Pi has broken the upper side of the wedge pattern, which confirms an upward breakout signal.

The price target of a falling wedge pattern is usually calculated from the distance of the widest part of the pattern, and then the same distance is measured from the breakout point. In this case, the distance is about 40%, which means that the price of Pi can go up to $0.3272. If it manages to break that level, the next target could be $0.50.

However, if the bullish outlook for Pi Coin’s price in 2025 fails to materialize, then this positive trend could be undone. Instead, the price risks falling deeper, perhaps even back to the psychological level at $0.10.

Analysts Warn of Potential Market Manipulation on Pi Coin

The Pi Network’s ongoing price rise has occurred without any obvious major triggers, leading some analysts to warn that this surge could be part of market manipulation.

Read also: Bitcoin Forecast: What’s in Store for BTC This November 2025?

Additionally, the project has a history of accusations against insiders for alleged fraud or market manipulation. Back in May, Bybit’s CEO publicly called the Pi project a scam and stated that his exchange would never list the token.

Team Pi was also accused of market manipulation in the same month when they teased the public with a big announcement ahead of the Consensus event. The announcement was about a $100 million ecosystem fund-which is still unknown where it was invested.

When the announcement was made, Pi Network’s price soared by more than 200%, but then plummeted to an all-time low.

Another risk to the value of Pi Network is that many issues have yet to be resolved. These include issues around token unlock, the lack of listing on a centralized crypto exchange (CEX), the lack of token utility, and the lack of an official roadmap released by the developers.

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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. Markets: Pi Network Patterns Point to More Gains Despite Manipulation Claims. Accessed on October 29, 2025