Pi Network Price Prediction: Falling wedge faces key breakout, long positions target 0.32 USD

Pi Network (PI) has joined a broader Crypto Assets market Rebound, climbing to $0.2933 this week, a 96% increase from the October low of $0.1517. From the daily chart, Pi Network price predictions indicate that the Token has formed two significant bullish patterns: a falling wedge and a Reverse head and shoulders pattern, confirming that buyers have regained control of the market.

Falling Wedge Breakthrough and Target Price Calculation

(Source: Trading View)

From the daily chart perspective, the price of Pi Network has rebounded strongly from its historical low at the beginning of this month. The token has currently formed two significant bullish patterns, which could drive further increases in the short term. The first pattern is a falling wedge, which is typically seen as a bullish reversal signal. This wedge is composed of two converging descending trend lines, and the recent breakout has confirmed new upward momentum.

The technical significance of the falling wedge lies in its reflection that selling pressure is weakening. As prices and trading volume decrease, the selling power gradually exhausts, while buyers begin to accumulate positions at lower price levels. When the two trend lines are about to converge, the market reaches a critical point, and a breakout is often accompanied by a surge in volume, indicating a full return of bullish strength. In the Pi Network price prediction, this breakout has been confirmed, with volume significantly increasing at the time of the breakout.

According to the maximum volatility range of the wedge, the breakout target may be around 0.327 USD. The standard method of technical analysis is to measure the height of the widest part of the wedge and then project the same distance upwards from the breakout point. In this case, the distance between the two is approximately 40%. If the same distance is measured from the breakout point, it indicates that the Pi Network price may surge to 0.3272 USD. This is the first target based on pattern analysis.

A continued rise could potentially reach $0.50 in the medium term. This higher target requires additional catalyst support, such as the official launch of the mainnet, listing on mainstream exchanges, or significant ecosystem progress. Calculating from the current price of approximately $0.29, the $0.327 target implies about a 13% upside potential, while the $0.50 target suggests approximately a 72% potential return. This tiered target setting provides traders with a clear risk-reward framework.

Head and Shoulders Pattern and Momentum Indicator Confirmation

In addition, the Pi Network price appears to be forming a Reverse Head and Shoulders pattern, with the head located near the October low of $0.1517 and the shoulders forming in the $0.20 area. The Reverse Head and Shoulders is a classic bottom reversal pattern that typically occurs at the end of a downtrend. The logic of this pattern is as follows: the first shoulder shows that selling pressure begins to weaken, the head tests the low but fails to continue to decline, and the second shoulder confirms that selling pressure has been exhausted, with a subsequent breakout of the neckline marking the completion of the trend reversal.

This pattern, combined with the improvement of the RSI indicator and the crossover of the MACD indicator, further strengthens the short-term bullish trend. The improvement of the RSI (Relative Strength Index) indicates that buying power is increasing while selling power is decreasing. When the RSI rises from the oversold area (below 30) to the neutral area (around 50) or higher, it typically signals the end of the downtrend and the beginning of a new upward trend.

The crossing of the MACD (Moving Average Convergence Divergence) indicator is another important momentum confirmation signal. When the MACD fast line crosses above the slow line from below, it forms a golden cross, which is a typical buy signal. The current MACD crossing of Pi Network, combined with the price breaking through the falling wedge, creates a dual confirmation from both the technical and momentum perspectives. This multiple confirmation significantly enhances the reliability of the bullish narrative.

The 1-hour chart further confirmed the breakout. After a period of consolidation, the price of Pi soared above $0.25 supported by increased trading volume and an RSI indicator above 60. The MACD histogram also turned positive, indicating that buyers have regained control of the market, with momentum continuously strengthening. The confirmation from the short-term chart is crucial for Pi Network's price prediction, as it shows that the breakout is not a false one, but a genuine breakout supported by actual buying.

If the closing price decisively exceeds 0.27 USD, the current upward trend can be confirmed; if it falls below 0.23 USD, it can be seen as a healthy retest of the breakout area before continuing to rise. In technical analysis, a retest after a breakout is a common and healthy phenomenon, allowing the market to re-establish support at the new price level and laying the groundwork for the next wave of increase.

Technical Indicators Confirmation Checklist:

Falling wedge breakout: Confirmed, target 0.327 USD (40% measurement distance)

Inverted Head and Shoulders Pattern: Head at $0.1517, Shoulders at $0.20, Breakout of the neckline in progress

RSI Indicator: Above 60, indicating strong buying momentum

MACD Indicator: A golden cross has formed, and the histogram has turned positive.

Volume Confirmation: Expand upon breakout, indicating genuine buying support.

Manipulation Concerns and Fundamental Risk Warnings

Despite the strong rebound in stock prices, some analysts remain skeptical, pointing out that Pi Network has a history of questionable promotional activities and a lack of transparency. This surge lacks clear catalysts, raising concerns about coordinated trading or speculative manipulation. Although analysts warn of potential speculative manipulation, the continuous six-day increase in technical performance still draws market attention.

In May, Bybit's CEO referred to the project as a “scam” and vowed never to list it. This severe criticism from senior executives of major exchanges has dealt a significant blow to the reputation of Pi Network. Earlier allegations claimed that insiders were artificially manipulating market activities. Almost at the same time, the Pi Network team announced the establishment of a $100 million ecosystem fund, which once pushed the token price up by over 200%, but subsequently, the token price plummeted to a historic low. This pattern is often regarded as a typical characteristic of “pump and dump” in the cryptocurrency market.

Apart from price speculation, the Pi Network ecosystem also faces many unresolved issues. The project has yet to be listed on mainstream exchanges, which severely limits its liquidity and market accessibility. Mainstream centralized exchanges like Binance, Coinbase, Kraken, etc., have not yet listed the Pi Token, forcing users to trade on smaller or lesser-known platforms, which increases trading risks and costs.

The lack of a public roadmap is another important issue. A transparent roadmap is a fundamental element for blockchain projects to build community trust. Although Pi Network continues to announce the upcoming launch of an open mainnet, the specific timeline remains unclear. Its Token also lacks practical application value; despite the recent launch of the PiBridge DeFi tool, the ecological maturity still lags far behind mainstream blockchains.

In addition, the token unlocking process is still ongoing, and the lack of external audits has further raised concerns about its long-term sustainability. The continuous token unlocking means that market supply will continue to increase, putting pressure on prices. The lack of independent audits makes it impossible for outsiders to verify whether the team's claims about reserves, distribution, and technical architecture are true.

Pi Network Price Prediction Path and Trading Strategy

However, as long as the price stays above the support area of $0.20 to $0.23, the upward momentum may remain unchanged, and technical indicators suggest that the price will continue to attempt a Rebound to the range of $0.32 to $0.50. This Pi Network price prediction is based purely on technical analysis, without considering fundamental issues. From the perspective of pure price action and pattern analysis, the current technical structure indeed supports a short-term bullish view.

If the closing price decisively exceeds 0.27 USD, the current upward trend can be confirmed, with the next target being 0.32 USD. After breaking through 0.32 USD, if the momentum continues and there are no significant negative news, 0.50 USD will become the medium-term target. This stair-step increase requires volume confirmation and backtesting support at each key price level.

If it falls below $0.23, it can be considered a healthy retracement of the breakout area before continuing to rise. Retracements are a normal phenomenon in technical analysis, allowing the market to re-establish support at new price levels. As long as the retracement does not break below the key support level ($0.20), the bullish pattern remains valid. However, if it breaks below $0.20, it will invalidate the bullish outlook and may retest the historical low of $0.15177.

Trading Strategy Recommendations:

Aggressive Long: Enter small position at current price (around $0.29), stop loss at $0.23, target at $0.327.

Conservative Long: Wait for a breakout above $0.30 and confirm support before entering, with a stop loss at $0.25 and a target of $0.50.

Short-term trading: If it retraces to the support area of 0.23-0.25 USD, consider entering the market with a stop loss at 0.20 USD.

Risk Warning: Only use funds that you can afford to lose entirely, be aware of manipulation risks and fundamental issues.

For long-term investors, although the technical outlook for Pi Network price predictions is bullish, the fundamental risks cannot be ignored. Before being listed on major exchanges, achieving practical application, and improving team transparency, treating Pi Network as a long-term holding carries extremely high risks. Technical patterns can only provide guidance for short-term trading directions and cannot change the structural defects of the project. Investors should clearly distinguish between short-term technical trading opportunities and long-term investment value, and avoid overlooking long-term risks due to short-term price surges.