Pi Network Shows Signs of Recovery, Crypto Traders Optimistic PI Coin Headed for $1 Rally?

Jakarta, Pintu News – PI has experienced a sustained decline since hitting an all-time high of $3 on February 26. In fact, PI has been trading below its downtrend line since April 12, indicating a negative bias towards this altcoin.

However, conditions may finally be starting to change. Technical indicators are now showing a potential bullish revival, which hints at a possible PI recovery in the short term.

PI’s Quiet Accumulation Phase Could Trigger an Upswing

Reporting from BeInCrypto (5/5/25), an assessment of the one-day PI/USD chart shows that this altcoin may be preparing for a bullish breakout. For example, the on-balance volume (OBV) has surged in the past two days, indicating early signs of accumulation.

Read also: Pi Network price threatens to collapse, is a drop to $0.1 inevitable?

The OBV indicator uses trading volume to predict price movements, by adding volume on up days and subtracting it on down days. When the value rises like this, it signals a surge in buying pressure.

OBV is considered a leading indicator, which means it often moves ahead of price action and can signal changes in market sentiment before they are reflected in the asset’s price.

Therefore, the rising OBV of PI indicates that buyers are quietly accumulating these tokens, even though the price of PI remains low.

This divergence signals that bullish momentum is building, increasing the likelihood of a PI breakout once broader market sentiment aligns.

In addition, the red bars that make up the BBTrend PI indicator are gradually shrinking. This reduction indicates that selling pressure is weakening, which is an early signal that the current downtrend may be losing its strength.

In technical analysis, a contraction in the BBTrend histogram is a sign of a possible trend reversal, especially when accompanied by increasing volume and other bullish indicators.

When the bars shrink, it indicates that volatility in the PI market is stabilizing and a bullish price shift is increasingly likely.

PI for Trend Reversal as Bullish Signal Leads to Breakout at $1

On May 5, PI was trading at $0.591, below the downtrend line that formed resistance above it at $0.605.

Read also: Pi Network Price Drops Slightly Today (6/5/25): Can Pi Coin Reach $1?

If the bullish pressure gets stronger and PI demand surges, this price could reverse to a support level and rise towards $1.01.

On the other hand, if the selling continues, the PI token could return to its all-time low of $0.40.

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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:

• BeInCrypto. Pi Network Token Shows Signs of Recovery as Traders Bet on $1 Rally. Accessed on May 6, 2025