- Pi Network price has dropped sharply this year, but technical patterns and market conditions suggest a possible rebound.
- A crypto bull run, bullish chart setups, and potential major exchange listings could drive significant gains.
Pi Network Coin has been underperforming for most of this month, despite posting a 25% rebound from its recent lows. The token remains far below its all-time high, with its market cap plunging from nearly $20 billion in February to under $4 billion today. While sentiment is bearish, several contrarian factors suggest a potential recovery ahead.
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Pi Network Could Benefit From the Crypto Bull Run
The first reason for optimism lies in the broader market’s current bull run. Bitcoin has already reached an all-time high, pushing the total cryptocurrency market cap above $4.3 trillion. Optimism is growing due to expectations that the U.S. Federal Reserve may cut interest rates soon, alongside continued inflows into Bitcoin and Ethereum ETFs.
Historically, bull markets have lifted the majority of cryptocurrencies. Given its relatively low price, Pi Network could attract speculative interest and see significant upside if the rally continues.
Bullish Technical Patterns Signal Possible Breakout
Technical analysis also paints a more positive picture for Pi Coin. The price has formed a triple-bottom pattern at $0.40, with a neckline at $1.6643—a setup often linked to bullish reversals. Additionally, Pi has developed a falling wedge pattern, which typically precedes upward price moves.
The wedge’s trend lines have nearly converged, and the price has already broken above the upper boundary. Based on this formation, analysts suggest that Pi could target $1 in the near term—representing a potential 154% gain from its current level.
Exchange Listing Could Act as a Catalyst
Another possible trigger for Pi Network’s rebound is the prospect of a major exchange listing. At present, the token is available on only a handful of platforms, with OKX being the only tier-1 exchange supporting it.
If a major exchange such as Coinbase, Binance, or Upbit were to list Pi, it could spark a surge in demand and price. Similar listings in the past have led to triple-digit gains for other altcoins.
Despite steep losses, negative sentiment, and ongoing challenges like centralization concerns, Pi Network still has potential catalysts for a strong recovery. A sustained crypto bull run, bullish chart patterns, and the possibility of a major exchange listing could position Pi for a significant rebound.
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