Pi Coin's Hidden Bull Case Unfolds in Rare Chart Patterns

Pi Network's native token, Pi Coin (PI), appears to be at a potential turning point following the formation of two rare technical chart patterns that suggest a bullish reversal could be on the horizon. As of late August 2025, Pi Coin traded around $0.3567, significantly lower than its year-to-date high of $3. However, recent developments in both market structure and speculative catalysts have prompted analysts and traders to reconsider its short-to-medium-term trajectory.

On the daily chart, Pi Coin has formed a falling wedge pattern, a technical indicator often associated with a breakout move. This pattern has been formed by connecting the highest swings since June 26 and the lowest points since April. The lines of the wedge are converging, hinting that a significant price movement is imminent. In addition, the coin has also formed a double-bottom pattern at $0.3357, with a neckline at $0.4660. Historically, such patterns often precede strong bullish breakouts, provided the price does not fall below the double-bottom level, which would invalidate the bullish thesis [1].

The recent decline in volume and volatility over the past few months has also led some analysts to suggest that Pi Coin may be in an accumulation phase according to the Wyckoff Theory. This phase is commonly seen before a substantial price increase as large holders accumulate assets quietly before a potential market move. If Pi Coin breaks above key resistance levels, especially those indicated by the double-bottom and falling wedge patterns, it could see a notable rally [1].

A number of potential catalysts could accelerate this movement. The most immediate includes a listing on a tier-1 cryptocurrency exchange. Currently, Pi Coin is only available on smaller exchanges like Bitget and Gate.io, limiting its exposure to a broader audience. A listing on a major platform such as Binance or Coinbase could significantly boost visibility and liquidity, potentially triggering an upward price swing [1]. Another possible catalyst is the execution of a token burn mechanism. The Pi Network has the ability to burn unclaimed tokens, which could reduce the circulating supply and theoretically increase demand.

Further, the full decentralization of Pi Network could be a transformative event for the project. At present, the Pi Foundation controls the vast majority of the network’s tokens and governance. A transition to full decentralization could increase trust in the platform and attract more institutional and retail investors. The recent success of other projects, like OKX’s token burn that led to a price increase, demonstrates the potential impact of such events [1].

The upcoming launch of Stellar Protocol 23 on September 3, 2025, could also play a significant role in Pi Network's future. This upgrade is expected to enhance Stellar’s smart contract capabilities, scalability, and cross-chain interoperability. If Pi Network chooses to integrate with Stellar’s upgraded infrastructure, it could open new doors for Picoin. Enhanced interoperability could allow Picoin to be used in a wider range of decentralized applications and cross-chain transactions, increasing its utility and potential demand [3].

Current market data reflects a mixed picture for Pi Coin. As of late August 2025, the coin had a market cap of approximately €2.43 billion and a circulating supply of 7.9 billion tokens. The 24-hour trading volume stood at €66.45 million, while the price had dropped by 86.87% over the past year. Despite these figures, the potential for increased adoption and broader utility remains a key narrative among community members and analysts [2].

With multiple potential catalysts on the horizon and technical indicators suggesting a possible bullish reversal, Pi Network is at a critical juncture. The formation of rare chart patterns, coupled with strategic developments like Stellar Protocol 23, could mark the beginning of a new phase for Pi Coin. However, the market remains cautious, and any move below the double-bottom level would invalidate the current bullish outlook, reinforcing the importance of monitoring key price levels and upcoming events.

Source:

[1] Pi Coin price poised to pop? Two rare patterns form (https://crypto.news/pi-coin-price-to-go-parabolic-two-rare-patterns-form/)

[2] pi coin price, pi coin, pi network value (https://www.coinbase.com/en-es/price/pi)

[3] Stellar Protocol 23 Could Redefine Pi Network's Future (https://www.hokanews.com/2025/08/countdown-to-change-stellar-protocol-23.html)