Pi coin price prediction: 0.35 USD support established, technical indicators suggest a bull run reversal is imminent, is the 1 USD target not far away?
The Pi Network price is establishing strong support at the $0.35 position, which has now become the Point of Control, reflecting a large amount of trading occurring here. Multiple technical indicators resonate, suggesting that this key area could be the starting point for a bull run reversal, pushing the price to test higher resistance levels. If this support holds, Pi is expected to challenge the targets of $0.50, $0.70, and even $1.
Pi coin price trend enters a critical turning point
After several weeks of downward pressure, the price trend of Pi Network has reached a decisive moment. The $0.35 area shows strong support, with the value area's low point, control point, and multiple K-line rebounds highlighting its importance. In addition, Pi Network is planning a significant upgrade in line with Stellar's Protocol 23 update, which is expected to further boost market confidence. If buyers can maintain this support base, the Pi price is likely to launch a counterattack toward higher resistance levels.
0.35 dollars has become the dividing line between bulls and bears
The $0.35 area has proven to be a key support for Pi Network. The control point has officially shifted to this price level, reflecting significant trading activity here, further solidifying its importance as the basis for a bull run reversal. This structural foundation has undergone multiple tests, but each time there has been no closing drop below it, demonstrating its reliability and technical strength.
Support strength: the control point has shifted to $0.35, forming a solid structural foundation together with the low point of the value area.
Resistance target: Recent resistance is above the current price level, while $0.50 and $0.70 are significant resistance areas on higher time frames, with volume confirmation.
Volume Analysis: The trading volume at the support level is gradually decreasing, which may indicate that funds are in the accumulation phase, and a breakout relies on a significant influx of buying.
Breakthroughs need to be accompanied by trading volume.
To continue moving upwards, Pi must close above the recent resistance level. This move will mark the transition of market structure from a bear market to a bull run, forming the first higher high after a series of lower highs. The next target is at $0.50, which is not only a high time frame resistance but also coincides with the high point of the value area in this region. Furthermore, $0.70 will become the next macro observation level.
Volume behavior provides further insights. Although each support test has shown a decrease in trading activity, this pattern is consistent with the accumulation phase. The price has not broken below support and volume is gradually shrinking, suggesting that selling pressure may have exhausted, leaving room for buyers to take control. However, for a bull run reversal to occur, any upward breakout must be supported by sustained demand inflow. An increase without volume confirmation has lower sustainability.
Future Price Trend Outlook
As long as the 0.35 support level holds, Pi Network has strong reasons to rebound to 0.50, and may even test 0.70. The condition for invalidating this market judgment is if the swing low is closed below.
Pi coin is currently oscillating near its historical low, under significant pressure. However, its highly counter-trend technical indicator suggests a parabolic rise may occur this month.
Technical analysis shows bullish signals
(Source: TradingView)
The daily chart shows that the price of Pi coin has not been able to break below 0.3160 USD since August, forming a double bottom pattern. The double bottom pattern typically indicates that bears are unwilling to continue opening positions below this level, with the neckline located at 0.4655 USD.
In addition, the narrowing distance between the three lines of the Bollinger Bands indicates that volatility is at a low level, suggesting that prices may soon experience a squeeze market—similar to the three-digit gains seen in May.
According to Wyckoff theory, the price of Pi coin has currently entered the accumulation phase, and may soon enter the markup phase, where asset prices rise rapidly. In this case, Pi coin is expected to rise to the neckline position of 0.4670 USD and further challenge the psychological level of 1 USD.
Potential positive factors drive the rebound
The price of Pi coin may rebound due to increased institutional demand. Top fund management company Valour recently listed a Pi Network exchange-traded product (ETP) in Sweden.
At the same time, after completing the Know Your Business verification, Pi has successively launched on platforms such as Onramp Money, Banxa, and TransFi.
The market expects that more major exchanges may subsequently list Pi, which will further drive its price up. Historically, it is not uncommon for cryptocurrencies to see triple-digit increases after being listed on major exchanges.
If this month marks the beginning of the altcoin season, the Pi token is also expected to benefit from a rise. This possibility is further reinforced by the expectation that the Federal Reserve may cut interest rates and the SEC will approve major altcoin ETFs in October.
Conclusion
Combining technical and fundamental factors, Pi Network shows strong support and rebound potential around the $0.35 mark, and investors should closely monitor changes in trading volume and whether it can effectively break through the neckline position. In the long term, expectations for the exchange listing and overall market sentiment may become key drivers for Pi coin to achieve a breakout.
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Pi coin price prediction: 0.35 USD support established, technical indicators suggest a bull run reversal is imminent, is the 1 USD target not far away?
The Pi Network price is establishing strong support at the $0.35 position, which has now become the Point of Control, reflecting a large amount of trading occurring here. Multiple technical indicators resonate, suggesting that this key area could be the starting point for a bull run reversal, pushing the price to test higher resistance levels. If this support holds, Pi is expected to challenge the targets of $0.50, $0.70, and even $1.
Pi coin price trend enters a critical turning point
After several weeks of downward pressure, the price trend of Pi Network has reached a decisive moment. The $0.35 area shows strong support, with the value area's low point, control point, and multiple K-line rebounds highlighting its importance. In addition, Pi Network is planning a significant upgrade in line with Stellar's Protocol 23 update, which is expected to further boost market confidence. If buyers can maintain this support base, the Pi price is likely to launch a counterattack toward higher resistance levels.
0.35 dollars has become the dividing line between bulls and bears
The $0.35 area has proven to be a key support for Pi Network. The control point has officially shifted to this price level, reflecting significant trading activity here, further solidifying its importance as the basis for a bull run reversal. This structural foundation has undergone multiple tests, but each time there has been no closing drop below it, demonstrating its reliability and technical strength.
Support strength: the control point has shifted to $0.35, forming a solid structural foundation together with the low point of the value area.
Resistance target: Recent resistance is above the current price level, while $0.50 and $0.70 are significant resistance areas on higher time frames, with volume confirmation.
Volume Analysis: The trading volume at the support level is gradually decreasing, which may indicate that funds are in the accumulation phase, and a breakout relies on a significant influx of buying.
Breakthroughs need to be accompanied by trading volume.
To continue moving upwards, Pi must close above the recent resistance level. This move will mark the transition of market structure from a bear market to a bull run, forming the first higher high after a series of lower highs. The next target is at $0.50, which is not only a high time frame resistance but also coincides with the high point of the value area in this region. Furthermore, $0.70 will become the next macro observation level.
Volume behavior provides further insights. Although each support test has shown a decrease in trading activity, this pattern is consistent with the accumulation phase. The price has not broken below support and volume is gradually shrinking, suggesting that selling pressure may have exhausted, leaving room for buyers to take control. However, for a bull run reversal to occur, any upward breakout must be supported by sustained demand inflow. An increase without volume confirmation has lower sustainability.
Future Price Trend Outlook
As long as the 0.35 support level holds, Pi Network has strong reasons to rebound to 0.50, and may even test 0.70. The condition for invalidating this market judgment is if the swing low is closed below.
Pi coin is currently oscillating near its historical low, under significant pressure. However, its highly counter-trend technical indicator suggests a parabolic rise may occur this month.
Technical analysis shows bullish signals
(Source: TradingView)
The daily chart shows that the price of Pi coin has not been able to break below 0.3160 USD since August, forming a double bottom pattern. The double bottom pattern typically indicates that bears are unwilling to continue opening positions below this level, with the neckline located at 0.4655 USD.
In addition, the narrowing distance between the three lines of the Bollinger Bands indicates that volatility is at a low level, suggesting that prices may soon experience a squeeze market—similar to the three-digit gains seen in May.
According to Wyckoff theory, the price of Pi coin has currently entered the accumulation phase, and may soon enter the markup phase, where asset prices rise rapidly. In this case, Pi coin is expected to rise to the neckline position of 0.4670 USD and further challenge the psychological level of 1 USD.
Potential positive factors drive the rebound
The price of Pi coin may rebound due to increased institutional demand. Top fund management company Valour recently listed a Pi Network exchange-traded product (ETP) in Sweden.
At the same time, after completing the Know Your Business verification, Pi has successively launched on platforms such as Onramp Money, Banxa, and TransFi.
The market expects that more major exchanges may subsequently list Pi, which will further drive its price up. Historically, it is not uncommon for cryptocurrencies to see triple-digit increases after being listed on major exchanges.
If this month marks the beginning of the altcoin season, the Pi token is also expected to benefit from a rise. This possibility is further reinforced by the expectation that the Federal Reserve may cut interest rates and the SEC will approve major altcoin ETFs in October.
Conclusion
Combining technical and fundamental factors, Pi Network shows strong support and rebound potential around the $0.35 mark, and investors should closely monitor changes in trading volume and whether it can effectively break through the neckline position. In the long term, expectations for the exchange listing and overall market sentiment may become key drivers for Pi coin to achieve a breakout.