Pi Network Price Eyes 150% Breakout as Rare Chart Pattern Emerges

Pi Network (PI) is trading near its all-time low, weighed down by weak demand and rising supply. But despite the bearish pressure, technical indicators suggest the token may be on the verge of a major reversal — with a potential 150% breakout looming.

🔻 From Hype to Hard Reality

Since its mainnet launch in February, Pi Network has seen its price collapse by over 85%, turning one of the most anticipated crypto projects into one of the year’s biggest underperformers. The decline has been driven by a combination of factors:

• Rising Supply: Daily token unlocks have flooded the market. According to PiScan, over 1.2 billion PI tokens — worth roughly $437 million — are set to be unlocked over the next 12 months.
• Weak Ecosystem: Despite promises of innovation, Pi Network has struggled to deliver. The Pi AI Studio and Pi App Studio have yet to produce any widely adopted applications.
• Dormant Venture Fund: The $100 million Pi Network Ventures initiative has made no public investments, raising questions about its impact and execution.

🚫 No Major Exchange Listings

Adding to the pressure, PI remains absent from top-tier exchanges like Upbit and Coinbase. This lack of accessibility has kept millions of potential investors sidelined. Many speculate that concerns over transparency — particularly regarding the Pi Foundation’s control of billions of tokens — have discouraged listings. Some even fear the project may be a scam, further dampening sentiment.

📈 Technicals Flash Bullish Signals

Despite the bleak fundamentals, the technical setup tells a different story. On the daily chart, Pi Network has formed a falling wedge — a bullish reversal pattern defined by two descending, converging trendlines. This structure often precedes a breakout, especially when the lines near convergence — which has already occurred.

Adding fuel to the fire, the Bollinger Bands are tightening, with all three lines converging. This signals low volatility and often precedes explosive price action. If volume picks up and buyers step in, PI could rally sharply.

🎯 Target: $1 — A 150% Move

Should the breakout materialize, Pi Coin could surge toward the $1 resistance level — representing a 150% gain from current prices. This target aligns with the height of the wedge and previous swing highs.

While risks remain — especially around ecosystem development and exchange access — the chart setup suggests Pi may be entering a new phase. Traders watching for a reversal may find this an opportune moment to position ahead of a potential breakout.