Pi Coin Breakout Near $0.44 Could Spark 10x Rally to $4

Pi Coin appears to be on the cusp of a potential breakout after a three-month downtrend, with analysts and market observers noting growing optimism for a significant price surge. The cryptocurrency has been forming a descending channel since early June, and recent price action suggests it may be nearing a key inflection point [1]. A successful breakout above the $0.44 resistance level could unlock a bullish trajectory toward $0.88, $1.66, and ultimately $3—Pi’s previous high [1]. If the trend continues, the price could reach $4, representing a 10x rally from recent levels [1].

The technical indicators are aligning in favor of the bulls. The Relative Strength Index (RSI) has rebounded from recent lows and is showing upward momentum, while the Moving Average Convergence Divergence (MACD) remains above the signal line, indicating sustained buying pressure [1]. The $0.40 level has acted as a strong support zone, and the current price movement suggests a potential reversal in sentiment.

Macroeconomic factors are also playing a role. Softer-than-expected inflation data has increased expectations for interest rate cuts, with the probability of a September cut now exceeding 94%. Analysts speculate that up to three rate cuts could occur before the end of the year, potentially stimulating fresh capital into risk assets like cryptocurrencies [1]. This broader market backdrop could create favorable conditions for altcoins, including Pi Network.

However, Pi Network’s path to widespread adoption remains uncertain. Despite growing on-chain activity and rumors of a potential listing on major exchanges, the project still faces fundamental hurdles. The Pi blockchain is not fully open-source and has yet to undergo a third-party security audit, which could delay regulatory approval [1]. While some reports suggest a possible listing on Binance by August 15, no official confirmation has been provided, and the lack of clear collaboration with major exchanges could hinder its growth [1].

If the rumored listing does not materialize, it may shake investor confidence and trigger a sell-off from speculative traders. This underscores the importance of transparency and institutional readiness for Pi Network as it seeks broader adoption.

According to the price prediction analysis, a confirmed breakout above $0.44 could signal a new phase for Pi Coin. With improved market sentiment and increasing retail interest in high-upside altcoins, Pi could become one of the top performers in the coming months, provided the bullish momentum holds [1].

Source: [1] Pi Coin Price Prediction: Descending Channel Breakout Could Ignite 1,000% Rally – 10x From Here (https://cryptonews.com/news/pi-coin-price-prediction-descending-channel-breakout-eyes-10x/)