Technical analyses indicate a likelihood of Pi Network's price rising before Second Pi Day (June 28, 2025), due to the formation of a positive technical pattern known as Slanted Triple-Bottom, along with signals from other technical indicators like MACD Bullish Divergence and Bollinger Bands Squeeze. If these signals materialize, the coin might head towards $1 or even $1.66, marking a 60% increase from its current level.

Key Highlights:

1. Technical analysis indicates a potential bullish reversal:

- Slanted Triple-Bottom:

The price has formed at a critical support level (currently ~0.74 dollars), which corresponds with an upward trend line linked to its lowest levels since April. This pattern indicates sellers' reluctance to enter sell orders below this support.

- MACD Bullish Divergence:

A divergence has emerged between the downward price trend and the upward movement of the MACD lines, indicating weakening downward momentum and the potential for a trend reversal.

- Bollinger Band Pressure:

The narrowing of the indicator suggests a calm in volatility, often preceding major price movements in either direction.

2. Second Pi Day (June 28) as a catalyst:

- The event is expected to generate media buzz that increases demand for the coin, especially if the "Pi Network" team announces major challenges such as:

- Listing the coin on major exchanges (like Binance or Kraken), which could lead to a God Candle similar to Ravencoin's 90% rise after its listing.

- Enhancing network applications like Pi Wallet or new business partnerships.

3. Target price levels:

- Bullish Scenario:

- Breaking the resistance of $0.86 (highest price on May 22).

- Rise to $1 (+60% from current price), then $1.66 (highest level in April).

- Bearish Scenario:

If the price drops below the current support line, it may invalidate the positive technical pattern and push the coin towards $0.52–0.61.

Risks and Challenges:

- Market Pressures:

The coin still faces intense selling from its old holders, with expectations of a drop to $0.46 by July according to some analyses.

- Event Dependency:

News from Pi Day may not meet expectations, especially in the absence of confirmations about its listing on major exchanges.

Summary:

Despite recent downward pressures, technical indicators and the timing of "Second Pi Day" may bring about a positive shift for the price of "Pi Network". However, recovery remains dependent on the network's ability to stimulate demand through launching significant challenges or being listed on major trading platforms. Traders are advised to monitor the support level of $0.74 and resistance of $0.86 as critical signals for the upcoming trend.#TradingCommunity