After seven weeks of sideways movement, Pi Network (PI) has staged a sharp recovery. On June 25, the token surged by 16%, pushing its price to $0.62. This breakout from a falling wedge pattern suggests the beginning of a strong bullish reversal — raising the question: could Pi soon retest the $1 mark?
📈 Strong Break Above Wedge Resistance
Over the past three days, the price of PI jumped from a local low of $0.47 to a weekly high of $0.62. This upward move broke through the upper resistance of a falling wedge pattern that had been forming for weeks. Such a pattern often signals weakening bearish pressure and a potential shift toward bullish control.
A decisive four-hour candle closed above this resistance, reinforcing the breakout. If momentum holds, Pi Coin may aim for the next technical target — $0.78, reflecting a 30% increase from current levels.
📊 Rounded Bottom Formation Adds Strength
Alongside the falling wedge, a rounded bottom pattern has also formed on lower timeframes. Price action has already broken above the neckline, confirming a bullish breakout. This formation also supports a potential rally to around $0.78 — aligning perfectly with the wedge’s target.
The RSI indicator has surged to 81, showing strong bullish momentum. However, this also suggests the market is becoming overbought, increasing the likelihood of a short-term pullback.
🔮 What’s Next for Pi?
All signs point to a potential bullish continuation. If buyers maintain pressure and profit-takers stay on the sidelines, Pi may rise further — possibly reaching the $1 milestone.
However, any faltering at key resistance zones could slow down or reverse the trend, especially if broader market sentiment shifts. The Pi market remains highly sentiment-driven, prone to sharp swings.
🔍 Summary:
🔹 Pi Network breaks out of falling wedge, rises to $0.62
🔹 Two bullish patterns (falling wedge and rounded bottom) support 30% upside
🔹 RSI shows strong momentum, but also hints at potential pullback
🔹 If bulls remain in control, Pi Coin could target $1
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