Pi Coin Surges 7.7% to $0.4866 on Bullish Pattern and Trading Volume Spike

Pi Coin, the native cryptocurrency of the Pi Network, has experienced a significant price surge, rising by 7.7% to trade at $0.4866. This rally is attributed to a falling wedge breakout, a bullish technical pattern that suggests a potential trend reversal after weeks of consolidation. The price increase is also driven by a substantial spike in trading volume and favorable market sentiment, as the Pi Network's app ecosystem continues to expand rapidly.

Perplexity, an AI model, has predicted that the Pi Network's price will range between $0.4470 and $0.5200 this week, with an average price of approximately $0.4820. This forecast is based on the recent falling wedge breakout, which signals a reversal of prior bearish trends. The AI model also highlights that ecosystem growth and increased altcoin rotation are fueling bullish momentum for the Pi Network.

Perplexity's analysis suggests that a strong support level at $0.4470 could act as a cushion in case of market pullbacks. Meanwhile, the upside potential for the Pi Network's price remains open above $0.5200 if current tailwinds persist. This prediction comes at a time when the Pi Network is facing significant challenges, including the disappointment surrounding Pi2Day and the impending threat of a massive token unlock, which could potentially impact the cryptocurrency's price.

Despite these challenges, there are signs of recovery within the Pi Network. Over 21,000 new apps have been launched post-Pi2Day 2025, fueling network growth and indicating ongoing interest from investors. The Pi Network's resilience and the expanding app ecosystem suggest that the network is well-positioned to navigate these challenges and work towards achieving its long-term goals.