Pi Network Price Tightens as Triple-Bottom Pattern Signals Potential 35% Breakout

The Pi Network is once again in the spotlight as technical indicators suggest the digital asset may be preparing for a significant breakout. Currently trading around $0.64, the PI token has remained relatively flat over the last month, posting a minor decline of 2.35%. However, despite this subdued price action, analysts are eyeing signs of a possible surge, as a classic triple-bottom pattern begins to take shape on the charts.

This price behavior, combined with contracting volatility indicators such as the Bollinger Bands and Average True Range (ATR), paints a potentially bullish picture for the cryptocurrency as it hovers at a key support level.

Price Consolidation Precedes Potential Breakout

The Bollinger Bands—a widely used technical analysis tool—have tightened around Pi Network’s price range in recent weeks. This narrowing range typically indicates falling volatility, a condition that often precedes a significant breakout in either direction. In fact, similar behavior was observed between mid-April and early May 2025, when the PI price staged a dramatic rally following a period of tightening Bollinger Bands.

A similar situation is now unfolding. According to data from market indicators, the ATR—another key volatility measurement tool—has dropped to 0.0136, its lowest level since May 7, 2025. This contraction confirms the overall reduction in market volatility and suggests that the token is “coiling,” a state where it builds up energy before a decisive move.

The Emergence of the Triple-Bottom Pattern

Technical analysis of the eight-hour PI chart reveals the formation of a triple-bottom pattern, a well-known bullish setup in the world of trading. This pattern consists of three distinct lows, typically occurring at a similar price level, forming a reliable support base. A horizontal resistance level—referred to as the “neckline”—connects the peaks between these lows. A breakout above this neckline is usually interpreted as a strong bullish signal.

The neckline for Pi Network is estimated at $1.67. If the PI token price breaks and holds above this level, analysts project a substantial upward move toward a target price of $2.74. This forecast is derived by measuring the height between the pattern’s base and neckline and projecting that distance upward from the breakout point.

The presence of a bullish divergence on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) further validates the bullish case. These indicators are showing higher lows while the token’s price forms lower lows—an occurrence that frequently precedes trend reversals.

Momentum Builds as CEX Outflows Accelerate

Beyond technical charts, on-chain data from PiScan also supports the growing optimism. Over 72,720 PI tokens were withdrawn from centralized exchanges (CEXs) in the past 24 hours. Such significant outflows often indicate reduced selling pressure and long-term holding intentions by investors. This follows a recent trend in which inflows to exchanges had spiked, only to reverse sharply in recent days.

These withdrawals suggest that large investors—or “whales”—are moving their assets to private wallets, often in anticipation of long-term gains or upcoming announcements. Historically, such moves have preceded price increases, and market participants are now watching closely for a similar outcome.

Hurdles on the Path to $2.74

While the triple-bottom pattern and declining volatility provide a strong bullish argument, several resistance levels must be cleared before PI can fulfill its projected breakout potential.

The first key barrier lies at $0.8600, a significant swing high recorded on May 21, 2025. A breach of this level would validate renewed bullish sentiment. The next psychological hurdle is the $1.00 mark, followed by the neckline at $1.67—a zone that previously acted as a peak in late May. Only after clearing these obstacles can PI set its sights on the triple-bottom’s target of $2.74.

Source: CoinMarketCap

However, if the price fails to hold above the lower end of the triple-bottom pattern—currently pegged at $0.60—this bullish scenario could quickly unravel. A break below that level may trigger a 30% downside, potentially dragging PI back toward its all-time low near $0.40.

Investor Sentiment and Broader Market Context

The Pi Network’s price action is occurring against a backdrop of heightened anticipation among its community. The network’s long-awaited Open Mainnet, along with potential exchange listings, has built strong grassroots enthusiasm around the token.

Analysts believe that external catalysts, such as a listing on major exchanges like Binance or Coinbase, could serve as the spark for a breakout. Moreover, events like Pi2Day (celebrated annually on June 28) have historically coincided with network announcements and increased social engagement, both of which could help boost the token’s price.

The broader cryptocurrency market is also experiencing a recovery phase, with major assets like Bitcoin and Ethereum showing renewed strength. If bullish sentiment continues to ripple across the crypto space, PI could benefit from improved liquidity and investor interest.

What Comes Next for PI?

Traders and investors should closely monitor key technical levels and volatility indicators in the coming days. A decisive break above $0.86 and $1.00 would signal momentum is returning to Pi Network, while a push above the neckline would validate the triple-bottom pattern.

For long-term holders, the focus should remain on ecosystem developments, including app adoption, validator participation, and integration of the Pi Network into real-world services. These factors will ultimately determine the sustainability of any price surge beyond speculative trading.

As it stands, all eyes are on Pi Network as it approaches a critical inflection point. Whether it breaks out or breaks down, the coming weeks will be pivotal in shaping the token’s near-term trajectory.

Frequently Asked Questions

Why is Pi Network’s price expected to rebound?
The rebound expectation is largely driven by strong technical patterns like the triple-bottom setup and signs of decreased volatility, often a precursor to explosive price action. Recent outflows from centralized exchanges also suggest accumulation and long-term confidence from investors.

Why has Pi Coin’s rally stalled?
The rally has temporarily stalled due to indecision among market participants and lack of a major external catalyst. Market consolidation and tight trading ranges are typical during periods of uncertainty.

What could trigger the next PI price rally?
A potential exchange listing, such as on Binance or Coinbase, or a major ecosystem announcement—particularly during events like Pi2Day—could serve as powerful triggers for a price rally.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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