Pi Coin Price Faces Key Test as Bullish Patterns Emerge
Pi Coin has underperformed the broader crypto market this week, sliding 13% even as Bitcoin edges higher.
Yet beneath the surface, technical signals and on-chain activity hint at a potential turnaround.
Despite recent selling pressure, the token is clinging to support near $0.50. Two chart formations—the double bottom and a falling wedge—suggest that bearish momentum may be fading. The double bottom pattern, anchored at $0.4016, marks a level Pi has refused to break below twice since April. Meanwhile, a breakout from the wedge formation appears to be holding, with the price successfully retesting its upper trendline.
If these bullish setups hold, a push toward the $1 mark—a psychological and technical target—could be in play, representing a possible 100% gain from current levels. However, a slip below $0.4016 would invalidate this outlook and potentially trigger deeper losses.
On-chain data adds another layer of optimism. Whale wallets have pulled more than 12 million Pi from exchanges in the last 24 hours, outpacing inflows by 1.7 million. This shift toward self-custody is often interpreted as a sign of accumulation and long-term confidence.
Adding fuel to this sentiment, Pi Network’s ecosystem is expanding. The launch of Pi AI Studio—a platform enabling users to build AI apps quickly—and new staking features introduced by the core team may be encouraging larger holders to double down.
With strong technical patterns and fresh developments backing it, Pi Coin could be gearing up for a breakout—if bulls can hold the line.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
