Pi Network Price Surges 10% Past Key Resistance Amid Bullish Technical Signals

Pi Network’s native token has recently surged past a critical resistance level, sparking renewed bullish momentum in the market. Over the past 24 hours, the price has climbed approximately 10 percent, reaching $0.40, according to recent data [1]. Analysts are now suggesting that the move could signal the start of a trend reversal, with potential price targets rising as high as $0.53 in the short term [1]. The price action comes after a prolonged bearish phase following a sharp 86 percent market correction from its all-time high of $2.98, a drop that had discouraged many investors [1].

The current upward movement has been supported by a technical pattern known as the falling wedge, which typically precedes a breakout. If this pattern confirms, analysts predict the price could see further gains, reaching between $0.60 and $0.70, with mid-term targets possibly reaching $1.20 or even $1.30 [1]. While the immediate support remains in the $0.25 to $0.30 range, traders are advised to monitor for an initial pullback before any sustained upward move [1].

Crypto analyst @cin365x has also pointed to broader bullish indicators, including improved order book activity and on-chain metrics, suggesting growing buyer interest [3]. Despite the recent positive developments, the token still faces challenges from its high coin supply, which has historically limited upward price pressure. However, the Pi Core Team is reportedly managing this issue to support long-term price stability [1].

Meanwhile, Dr. Altcoin, a market expert, has expressed confidence in the project’s fundamentals, particularly the integration of Web3 and AI technologies within the ecosystem. He emphasized Pi’s unique attributes, such as built-in KYC and KYB compliance, eco-friendly mining, and a global user base spanning over 70 million individuals across 200 countries [1]. The platform also supports peer-to-peer payments, partnerships with fiat-to-Pi services in more than 100 countries, and an AI App Studio with over 20,000 decentralized applications [1].

The technical outlook aligns with these fundamentals. The Moving Average Convergence Divergence (MACD) and BBTrend indicators are now showing signs of a breakout after a long sideways trend, reinforcing the possibility of a sustained rally if the $0.32 level holds as support [4]. Market observers note that while the price gain on the day was relatively modest—around 1 percent—the underlying activity suggests a deeper shift in sentiment [5].

Despite these encouraging signals, volatility remains a key risk. The token has yet to fully recover from the nearly 90 percent drop from its peak earlier this year [6]. However, the current consolidation phase appears to be forming a solid base for a potential rebound.

Bullish sentiment has also been reinforced by the broader market environment, where investor optimism is growing. While specific price forecasts vary, the general consensus among analysts is that Pi Network is showing signs of a potential breakout, with technical patterns pointing toward a higher likelihood of continued upward movement in the near term [2]. This development could attract both traders and long-term investors who have been waiting for a clearer direction in the Pi Network’s trajectory.

Sources:

[1] Pi Network Price Surges Past Key Resistance Amid Growing Bullish Signals (https://coinmarketcap.com/community/articles/689767111bc6303602156249/)

[2] Pi Network Price Forecast: PI eyes trend reversal as bullish (https://www.mitrade.com/insights/news/live-news/article-3-1024026-20250808)

[3] Pi Network Signals Bullish Reversal: Are Whales Preparing (https://www.facebook.com/groups/61155****835809/posts/1263203881671204/)

[4] Pi Network Token Could Be Preparing for a Breakout After (https://www.mitrade.com/insights/news/live-news/article-3-1024971-20250808)

[5] Pi(PI)Price prediction (https://www.bitget.com/price/pi-network/price-prediction)

[6] Cryptocurrency Live News & Updates : Is Investing in Pi (https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms)