Did PI Start a Bullish Trend Reversal? | Credit: Hameem Sarwar
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Key Takeaways
Pi Network (PI) remains stuck below a long-term descending resistance trendline.
In the short term, PI also trades within a descending parallel channel.
Can PI break through both the short- and long-term resistance levels to trigger a sustained reversal?
Pi Network (PI) is at a crucial turning point. It narrowly avoided a steep breakdown and staged a sharp bounce off recent lows.
While the rebound has sparked optimism among holders, a stubborn resistance level continues to block further upside.
With momentum building, but uncertainty looming, the question remains: Can PI break out, or is another pullback on the horizon? Here’s what the chart tells us.
PI Coin Price Bounces
Pi Network’s price has been stuck under a descending resistance trend line since peaking in March, with each attempt to rally cut short by persistent selling pressure.
So far, the bearish trend has pushed PI to its all-time low of $0.40 twice, first on April 5, then again on June 13 (see green icons).
On both occasions, long lower wicks signaled strong buyer support at that key horizontal level, preventing a full breakdown.
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After June’s sharp rebound, momentum faded, and the price slid back to the same $0.40 support earlier this month.
However, PI gradually built strength this time instead of a quick recovery before bouncing back on July 12.
Despite the surge, the price still trades below the long-standing descending resistance trend line from March’s all-time high.
A breakout is still needed to confirm a true bullish reversal. That said, early signals from momentum indicators are encouraging, suggesting PI may be gearing up for a breakout attempt.
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have created bullish divergence (orange) before the bounce.
As we look ahead to the rest of 2025, the price prediction for Pi Network hinges on one key factor: whether PI can break above its descending resistance or risks sliding below its long-held support.
Can PI Break Out?
While Pi Coin continues to trade below a long-term descending resistance trendline, the latest price action is showing signs of a shift.
Over the past month, PI has moved within a descending parallel channel, typically a structure that precedes a breakout rather than a full-blown downtrend continuation.
Today’s breakout attempt adds to the growing bullish pressure.
Though the initial attempt fell short (red icon), there are still 17 hours left until the daily close, leaving room for another push.
Notably, the upper boundary of this channel lines up with the $0.52 horizontal resistance zone, meaning a breakout above this level would be a strong signal of a trend reversal.
Adding further support to the bullish case, Pi Network’s wave count suggests a completed five-wave correction (in red), though wave five appears truncated. This structure typically marks the end of a downtrend.
If Pi Network breaks above both the channel and the $0.52 mark, the next likely target sits around $0.85, a move that would represent a 75% increase from current price levels.
Such a breakout would also take Pi Network above its longer-term resistance trend line, confirming the bullish price prediction for the remainder of 2025.
Critical Level Ahead
If PI can close above $0.52 and escape the descending channel, it could confirm the end of its correction and begin a 75% climb toward $0.85.
A breakout here would mark the start of a bullish reversal lasting the rest of the year.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
