Is Pi Network on the Verge of a Big Breakout? 70% Upside Potential Revealed
Pi Network (PI) might just be setting the stage for a major reversal. A sharp 66% spike in trading volume over the past 24 hours has driven a 6% price bump raising hopes of a bullish trend reversal after a long quiet phase.
Despite remaining out of the spotlight compared to top performing altcoins PI is beginning to attract fresh interest as recent macro shifts Like Trump’s 90 day tariff pause revive investor risk appetite. Though short lived this shift injected liquidity into the market and briefly pushed PI to $0.66 before correcting back to $0.57.
What the Charts Are Saying
Technically PI is inching toward breaking out of A six week downtrend. Although two recent breakout attempts failed and one turned into a fakeout current momentum shows signs of life. The Relative Strength Index (RSI) has climbed from an oversold 30 to just under 40 indicating weakening sell pressure.
If momentum holds a breakout from the current descending channel could lift PI to nearly $1 representing a 70% gain from its current level.
But Caution Still MattersDespite growing community support including 86% in favor of a Binance listing PI remains unlisted on the platform signaling caution from major exchanges. Without a strong use case PI’s long term potential remains speculative.
However with volatility comes opportunity and for the right trader, timing could make all the difference.
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