Pi Network Price Rebounds Sharply, Chart Signals Potential 135% Breakout

After a steep decline that saw Pi Network (PI) lose over 86% of its value since its February peak, the token is now showing signs of life. Over the weekend, Pi coin surged to $0.7375 — a bounce of over 80% from its April lows — signaling a possible bottoming out.

It’s the highest level the token has reached since March 31, driven largely by renewed investor interest and a sharp rise in trading volume, which climbed more than 80% to surpass $700 million.

This resurgence comes at a time when the broader crypto market is stabilizing. Major cryptocurrencies like Bitcoin and Solana have also made strong comebacks, with BTC briefly touching $84,000 and Solana reaching $130.

Many traders are speculating that the Federal Reserve could step in to support the U.S. economy, especially as it adjusts to the potential impact of Donald Trump’s proposed tariffs. Boston Fed President Susan Collins recently told the Financial Times that the central bank is prepared to act if needed.

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The Pi Network’s recent rally appears to be driven by both technical and fundamental factors. For one, some investors saw the earlier crash as an overcorrection — and a buying opportunity. There’s also a growing buzz about Pi potentially landing on major tier-1 exchanges later this year.

Binance, for instance, received community approval to list the coin back in February. Other platforms like Coinbase, Kraken, and Upbit are rumored to be watching closely, especially as they look to capture trading volume currently dominated by exchanges like OKX and MEXC.

Another potential catalyst on the horizon is Pi’s upcoming token burn. By reducing the overall token supply, burning could help counterbalance the inflationary pressures caused by ongoing token unlocks and mining rewards — a move that could further boost investor confidence.

From a technical perspective, Pi Network’s price action looks promising. On the 4-hour chart, the coin has broken above its 50-period moving average, a key bullish signal. It also recently completed a falling wedge pattern — typically a reversal indicator — and is now approaching a key resistance level at $0.7385.

Momentum indicators like the Relative Strength Index (RSI) and the Awesome Oscillator are also pointing upward, suggesting growing bullish momentum.

If this momentum holds, bulls could target the next major resistance around $1.7365 — the high from March 13 — representing a potential upside of 135% from current levels.

However, investors should remain cautious. While the current rebound looks strong, there’s also a possibility that it could be a classic bull trap. A small rising wedge pattern has formed recently, and if it plays out, the price could reverse and fall back toward the $0.40 support level.

Pi Network is at a critical juncture. The recent price action and volume spike hint at a bullish breakout, but caution is still warranted given the technical risks and overall market volatility. With major exchange listings and token burns potentially on the horizon, the coming weeks will be crucial in determining whether this is the beginning of a sustained recovery or just another short-lived rally.