Pi Network ($PI) Surges 21.02% Breaking 7-Week Falling Wedge Pattern

Pi Network ($PI) has broken out of a 7-week falling wedge pattern, signaling a potential 30% rally with a key target set at the $1 level. This technical breakout has sparked renewed bullish sentiment among crypto traders and Pi supporters, who have been closely watching the token's price action.

After weeks of tightening price action and market indecision, Pi Network ($PI) has finally broken free from a 7-week falling wedge pattern. This bullish reversal pattern had trapped $PI in a slow descent, reflecting investor caution and market consolidation. However, the breakout above the wedge’s resistance trendline signals a shift in momentum, with bulls regaining control of price direction.

At the time of writing, Pioneers are closely watching as the token trades at $0.6461 after a 21.02% surge in the past 24 hours. The focus has now shifted to the next key milestone: the psychological barrier at $1. This level represents not only a round-number target but also a significant resistance point that could define the asset’s short- to mid-term trajectory. A clean break above this level could trigger a fresh wave of buying and establish $PI on a new upward leg.

Technical analysts highlight that a sustained move beyond immediate resistance zones will be crucial for validating the bullish scenario. Without follow-through volume and confirmation, the current price surge could risk becoming a short-lived fakeout. Market watchers advise caution, urging traders to keep a close eye on resistance levels and trading volume. If $PI can consolidate above its breakout point and maintain positive momentum, the projected 30% rally could become a reality.

Still, optimism is growing. The Pi Network community, known as “Pioneers,” is buzzing with anticipation as the project continues to develop its ecosystem. Despite its non-tradable status on major exchanges and the current limitations around Pi Coin’s liquidity, confidence remains strong in its long-term potential, especially given the project’s ambitious vision to bring blockchain utility to the masses.

As of now, all eyes remain on the price charts. The Pi Network may have finally shaken off its prolonged consolidation phase, but whether this breakout marks the beginning of a larger bullish trend—or just a brief spark—will depend on what happens next. For now, $PI bulls are hopeful. With the breakout in motion and the $1 target looming, Pi Network is back on the radar—this time with real momentum behind it.