Massive Accumulation Sparks Pi Coin Recovery Speculation
Pi Coin has been under intense selling pressure in recent weeks, but fresh technical patterns and a massive whale accumulation are fueling speculation of a possible rebound.
After hitting a low of $0.32 on Friday, the token is now hovering near $0.35, down just under 3% over the past 24 hours.
Technical Signals Hint at Upside Potential
Market watchers have turned their attention to Pi Coin’s Bollinger Bands, which have started to widen again — a sign that volatility is returning. The last time this happened, in mid-May, the token jumped more than 65% in less than a week, rallying from $0.58 to $1.67.
While there’s no guarantee history will repeat itself, analysts say a similar setup now could push PI toward the $0.58 mark, which aligns with a key Fibonacci retracement level. The token’s Relative Strength Index (RSI) also shows oversold conditions, suggesting sellers may be running out of momentum and allowing for a potential price floor to form.
Massive Whale Buys Add to Recovery Hopes
Adding to the optimism, blockchain trackers have identified a wallet — the largest non-Pi Foundation holder — that has been aggressively buying Pi Coin from centralized exchanges. In recent days, this whale has snapped up more than 350 million PI, a stash worth roughly $125 million at current prices.
While the owner’s identity remains unknown, the scale of the purchases has caught the attention of traders. Some believe this buying spree could offset the impact of the 155 million tokens set to be unlocked this month, helping to stabilize the market.
Looking Ahead
Pi Network’s recent decision to lower its mining rate is seen by some as a confidence-boosting move for long-term holders. If buying activity continues and technical momentum strengthens, analysts say a short-term rally toward $0.58 is within reach. However, with fresh token unlocks looming, any recovery could face headwinds before gaining sustained traction.
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
