Pi Price Prediction: Can Pi Really Hit $3 Again? Indicators Say ‘Yes’ – Here’s Why!
Despite a 3.2% drop, Pi price prediction remains bullish. Technical indicators point to a breakout after token unlock pressure eases. Let’s read more!
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Today, the crypto market experienced a general increase in value as most coins were in the green. However, the Pi price increase stopped early as it hit its daily peak of $0.9531. Since then, the price has been falling again, trading near $0.9152 as of writing this. This comes after the delays in exchange listing and the doubts from the community created intense selling pressure. However, Pi has not tested the $0.9 support and based on technical signals, Pi’s future movement will be bullish.
Pi Volatility Explained: Is this Just the Beginning?
One of the main reasons for the fall of the Pi token is the ongoing token release program. Yesterday, March 24 alone, the market saw 8 million token injections, which destabilised the price of Pi. Additionally, the Pi network plans to release more than 97M tokens during the next 30 days. It also mentioned that the Pi unlocking event will have over 517 million tokens released in the next three months. As such, investors are worried about further devaluation, and some are selling tokens at the first sign of a price decrease. However, a new analysis of technical indicators delivers a bullish Pi price prediction.
Bearish Trend or Bullish Setup? Pi Falling Wedge Explained
The Pi token has been in red recently, as today it recorded a 3.2% daily price decline. Additionally, with today’s decline, it reached a 27.3% weekly value degradation. Today’s price movement range has also been recorded to be from $0.9115 up to $0.9531. This coin is also trading at 69.3% below its all-time high of $2.99, which was recorded on February 26. This date marks the launch of Pi’s open network. However, based on the market data, the price can even test the support of $0.86 before it finally rebounds.
Chart 1 – provided by Unichartz, Published on TradingView, March 25, 2025
Additionally, based on Chart 1, provided by Unichartz, a reversal is very possible in the future price movement. This is because of the falling wedge pattern present in the Pi token’s price movement. Such a pattern is commonly seen when the asset is near a bullish breakout. Additionally, as highlighted in Chart 1, the price has been travelling down a bearish price channel. However, as we see, it has experienced consecutive bounces from the support level, showing great upward momentum afterwards.
Bullish Signals Ahead: Is Pi Price Primed for a Breakout?
This pattern consists of two downward dynamic trendlines. Additionally, the price remains between these two trendlines and nears the convergence point of the wedge. As the wedge becomes tighter, the potential of a bullish breakout increases. The Pi price movement is expected to repeat this pattern; if so, the Pi price prediction for this rebound is $3.
We can also use other technical indicators to further confirm the future bullish price movement. The Moving Average Convergence Divergence indicator also shows bullish signals for the future of Pi. Moreover, the Price Oscillator indicator reaffirms our previous results and signals a future Pi price increase. There are also some fundamental developments that support these technical bullish signals.
Big News for Pi Network: New Milestone for Adoption
Today, we also had another important piece of news about the Pi token. It was announced that users can store and hold Pi tokens on the official Telegram wallet. However, it was mentioned that users can not sell or transfer these tokens to their contacts. Nonetheless, this marks a big step for the Pi network and an effort to increase Pi’s adoption further. Moreover, this development can bring renewed excitement to the Pi community, igniting the next rally.
News Room
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