Pi Network price eyes 150% surge as bullish pattern forms

Pi Network price has seen a significant decline of more than 85% since the mainnet launched in February 2025, bringing it to levels near its all-time low. This sharp downturn has been driven by several factors including a continuously increasing token supply, an underdeveloped ecosystem, and a lack of listings on major exchanges [1]. According to PiScan data, over 1.2 billion tokens valued at approximately $437 million are scheduled to be unlocked in the next 12 months, which could further weigh on the price [1].

The development team had previously raised high expectations for the Pi Network ecosystem, but these have not yet materialized. Despite the launch of initiatives such as the Pi AI Studio and the Pi App Studio, no major applications have been launched, and the $100 million Pi Network Venture Fund has yet to make any investments [1]. This lack of progress has contributed to the token's poor performance.

Furthermore, major cryptocurrency exchanges have refrained from listing Pi Coin, likely due to concerns over transparency and the potential risks associated with the Pi Foundation, which controls a large portion of the token supply [1]. As a result, Pi Coin is not available on platforms like Upbit or Coinbase, limiting access for a large number of investors.

However, recent technical analysis suggests that the Pi Network price may be on the verge of a strong bullish breakout. A falling wedge pattern has emerged on the daily chart, a reliable indicator often preceding a significant price surge [1]. This pattern is characterized by two descending, converging trendlines, and a breakout typically occurs when the lines converge. According to the chart, this convergence has already taken place [1].

An additional bullish sign is the narrowing spread between the Bollinger Bands, indicating reduced volatility and the potential for a strong price movement [1]. If Pi Coin manages to break above the $1 resistance level, it would mark a potential 150% increase from its current level.

Source: [1] Pi Network price rare eyes a 150% breakout as a rare pattern forms (https://crypto.news/pi-network-price-rare-eyes-a-150-breakout-as-a-rare-pattern-forms/)