The price of the pi curren
The price of Pi Coin (Pi Network) has been found under strong scrutiny this week, sailing through a challenging cryptographic environment where Altcoins demand remains moderate, while Bitcoin has more strength. In the last five days, Pi Coin has slipped by approximately 13%, delayed behind the modest profits of more than 1% during the same period. However, analysts point out that despite the current weakness, emerging technical signals and whale activity could pave the way for remarkable recovery.
Analysis of the PI network table: double bottom and fall wedge patterns take shape
A more detailed examination of the eight -hour table of Pi Coin reveals critical formations that merchants are watching closely. The Pi Coin price action has remained anchored around a crucial support level at $ 0.50, an area in which bulls have constantly intervened to defend themselves with higher decreases.
While the surface trend seems bassist, experienced market observers suggest that this consolidation period can represent a “calm before storm.” A significant technical pattern identified is the formation of a double background structure, often considered as a sign of upward reversion in the technical analysis.
This double fund formation is anchored at $ 0.4016, a price level in which Pi Coin found strong support both in April and June, rejecting any sustained movement under it. A double background generally suggests that sellers have lost impulse near the lower end of the range, indicating a potential exhaustion between bears.
The neckline of this pattern, which marks a possible breakdown, is at $ 1,6728: the highest level of the PI currency recorded in May. If the double background is maintained, analysts prevent a scenario in which Pi Coin could break over this neckline, which causes a powerful ascending increase that could significantly change the feeling in their favor.
Breakout Breakout of fall indicates a bullish continuation
In addition to the double background, Pi Coin has also formed a wedge pattern that falls, a bullish continuation formation that often precedes ascending price movements when confirmed with a break. This falling wedge is defined by two convergent tendency lines: the upper limit, which connects the lower May 21, on June 11 and June 16; and the lower limit, which connects the minimum series since May 18 onwards.
Recent price action indicates that Pi Coin has successfully violated the superior resistance of the wedge and subsequently tested this breakdown. This new test, often seen as a confirmation in the technical analysis, suggests that Pi Coin could be preparing for its next ascending leg.
If the upward continuation is developed, the price of Pi Coin could meet towards the level of psychological resistance of $ 1, marking an impressive profit of 100% of its current valuation. However, merchants warn that a decisive breakdown below the key support at $ 0.4016 would invalidate the upward thesis and potentially open the door to decrease even more.
The accumulation of whales and exchange exits point towards long -term confidence
To the technical optimism is added a remarkable trend in the activity of the PI currency chain, where the great headlines, commonly understood as “whales”, are constantly moving their tokens of the exchanges to autocustody wallets. Piscan data indicates that in the last 24 hours, exchange tickets totaled approximately 10.3 million Pi, while the exits increased to 12.04 million PI, which resulted in a net negative exchange flow of 1.7 million coins.
This pattern of net exchanges is generally interpreted as a bullish indicator, indicating that whales are choosing to keep their tokens in advance of higher prices instead of looking for immediate liquidity.
Market analysts attribute this accumulation to growing confidence in the evolutionary ecosystem of Pi Coin, particularly after the launch of Pi ai Studio in Pi2day. This platform allows users to create artificial intelligence applications quickly, improving the usefulness of the PI network and creating new use cases within its ecosystem.
In addition, the introduction of the Pi Core team of the reference mechanisms has generated greater interest, providing the holders with the opportunity to obtain passive rewards while contributing to the safety of the network. Such developments are fundamental to Pi Coin, since it seeks to strengthen its narrative based on public services in a market often dominated by speculation.
Potential exchange listings: a catalyst on the horizon
Beyond the technical patterns and the behavior of whales, a significant potential catalyst for the PI currency remains the possibility of listings in the main cryptocurrency exchanges. While the Token has not yet ensured generalized availability in top -level platforms, community discussions and subtle suggestions of ecosystems developers suggest that such a milestone may not be far away.
The Pi Coin list in an important exchange would probably introduce substantial liquidity in the market, attract new retail and institutional investors and provide greater visibility within the broader cryptographic community. Combined with the technical rupture patterns, this list could amplify the ascending impulse of Pi Coin if confirmed.
Context within the broader encryption market
Pi Coin movements are in a context of a cautiously optimistic cryptographic market, where Bitcoin’s relative stability has provided a basis for Altcoin narratives to resurface. The widest market remains sensitive to macroeconomic developments, regulatory updates and changes in feeling within the cryptographic panorama.
However, for Pi Coin, the convergence of solid technical patterns, the increase in whale confidence and the utility expand through AI and bets provides a differentiated growth narrative that could resonate with merchants who seek high reward opportunities within the Altcoin space.
Key levels to see
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Support: $ 0.4016: A critical level that has historically attracted a strong purchase interest. A sustained violation could trigger a bearish continuation.
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Endurance: $ 1.00: A psychological level that, if recovered, could confirm the bullish breakdown and prepare the stage to obtain more profits.
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Neckline (double bottom): $ 1,6728: A long -term objective if the double fund formation is completed successfully.
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| Source: TrainingView |
Summary: Calm down before a possible increase?
While the price of Pi Coin has faced a descending pressure since May, the appearance of double bottom and fall patterns suggests the possibility of a strong investment if the current levels are maintained. Together with the accumulation of constant whale, the launch of the PI AI study and the possible betting rewards, Pi Coin is positioning for a possible resurgence.
The perspective of an exchanges list could serve as a decisive catalyst, turning the current consolidation period into a launch pad for the next growth phase. As always, merchants must monitor critical levels of support and resistance to the time that manage the risk properly in a market known for their volatility.
For those who closely observe the cryptography market, the evolution narrative of Pi Coin and the current technical panorama can provide an early vision of a potential recovery phase that could shape the trajectory of the Altcoin in the coming months.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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