Pi Network Price: 3 Catalysts for a Short Squeeze
Pi Coin’s crash from 3 to 0.65 has short-sellers profiting, but a rebound could trap them. Key triggers:
1. Exchange Listings: Potential tier-1 listings (Coinbase, Binance, HTX) could mirror past surges seen in tokens like Orca, fueling demand.
2. Bitcoin Rally: Analysts predict BTC hitting $180K; a spillover rally might lift undervalued altcoins like Pi.
3. Consensus Event: Pi’s founder speaking at May’s event could spark partnerships or exchange deals, driving FOMO.
Technical Setup: Trading in Wyckoff’s “accumulation phase” with a double-bottom pattern hints at a breakout toward 0.78 then 1, Short-sellers beware—May’s events might spark a rally.