Pi Network Stages Comeback: Analysts Eye 135% Rally Amid Market Optimism
Pi Network’s native token, PI, has surged 80% from its April low of $0.40 to $0.73, reigniting investor interest after a steep 86% decline from its February peak of $2.98 1 2. The rebound aligns with broader crypto market stability, as Bitcoin and Solana also posted gains this week.
Key Drivers Behind the Rally
• Technical Signals: A falling wedge pattern—a bullish indicator—formed between February and April, suggesting exhaustion of selling pressure. The token now trades above its 50-day moving average, while the Relative Strength Index (RSI) signals growing momentum 3 4.
• Exchange Listing Hopes: Speculation grows around potential listings on major platforms like Binance, where a community vote favored PI’s inclusion earlier this year. Current trading occurs on OKX, MEXC, and Gate.io 2 4.
• Token Burn Potential: Developers may introduce burns to counter inflation from ongoing mining rewards and unlocks, which have added 1.6B tokens to circulation since February 3 2.
Risks to Watch
• Bull Trap Concerns: A smaller rising wedge pattern has emerged, hinting at possible short-term pullbacks. Failure to hold $0.73 could see PI retest $0.40 3.
• Market Volatility: Macroeconomic factors, including Federal Reserve policy shifts, could impact crypto sentiment. Boston Fed President Susan Collins recently emphasized readiness to stabilize markets amid trade tensions 5.
The Road Ahead
Analysts project a 135% surge to $1.73 if PI breaks resistance, though sustainability hinges on exchange adoption and ecosystem growth. “Pi’s mobile-first mining and 60M-strong community provide a unique foundation,” says blockchain analyst Eyeshot7, “but investors should remain cautious given its speculative nature” 5 3.
