Pi Network Surges Higher After 7 Weeks of Consolidation, What’s Next?

Jakarta, Pintu News – Pi Network has recently shown a significant increase in price, ending a seven-week period of consolidation with a notable rise. In the past three days, the Pi Coin price has surged from a multi-week low of $0.47 to a weekly peak of $0.62. This increase marks a new phase for the digital currency.

Decreasing Wedge Resistance Breakout

Pi Coin experienced a sharp rise after successfully breaking the resistance of the descending wedge pattern that had formed over the past few weeks. The rise from $0.47 to $0.62 in a few days shows that there is a significant increase in interest and buying activity in the market.

A descending wedge pattern usually indicates accumulation before a price spike, and a price close above resistance confirms that the uptrend will probably continue. Investors and traders may now be more optimistic about Pi Coin’s short-term prospects.

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Mature Round Bottom Pattern, Confirming a 30% Spike

In addition to the bullish wedge pattern, there is also a round bottom pattern that has matured on Pi Coin’s four-hour chart. This pattern also indicates that a bullish trend reversal is imminent. The price close above the neck resistance level adds evidence to the strength of the uptrend that is forming.

A round bottom pattern is often a good indicator of a trend reversal, and in the case of Pi Coin, it suggests further upside potential. With the confirmation of two bullish technical patterns, investors may see this as an opportunity to enter or add to positions.

What’s Next for Pi Coin?

With a supportive technical structure, Pi Coin appears to be in a bullish reversal phase. After a sharp price drop to a multi-week low, buyers have stepped in and pushed the price past key resistance levels. This suggests that there is strong momentum behind Pi Coin at the moment.

The outlook for Pi Coin looks bright if this trend continues. With strong technical support and increased interest from the market, Pi Coin may see more price increases in the near future. These are exciting times for Pi Coin holders and potential investors.

Conclusion

Pi Coin’s price increase after a long consolidation indicates changing market dynamics and growing interest from investors. With technical patterns supporting an uptrend, the future of Pi Coin looks promising. Market participants should continue to monitor technical indicators and market developments to make informed investment decisions.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Pi Network Ends 7-Week Consolidation With a Bang, Here’s What Next for Pi Coin. Accessed on June 26, 2025
• Featured Image: Coin Central