PI price surges 15%, trapping bears as bullish indicators flip green | Credit: Hameem Sarwar
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Key Takeaways
PI breaks triangle pattern, signaling rising bullish momentum
The BBP and Holders Sentiment confirm weak bearish pressure.
Daily chart supports an extended breakout, with targets disclosed.
Few may have seen it coming, but it has happened. Pi Network (PI) price has delivered a 15% rally in the last 24 hours.
The notable bounce caught many bears off guard, who had expected the cryptocurrency to aim for a new record low.
Instead, it appears that the Pi Network price is ready to challenge its multi-month downtrend.
Here is why, and what could be next for the altcoin’s value.
Pi Network Breaks Triangle Pattern
On the 4-hour chart, the Pi Network price has broken out above the upper trendline of a symmetrical triangle.
This signals that bullish momentum has returned, and buyers are attempting to take control of the short-term trend.
This breakout aligns with the behavior of the Bull Bear Power (BBP) indicator, which has been producing a series of green histogram bars with progressively higher readings.
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For PI bears, this development is a warning sign. A strengthening BBP means selling pressure has lost effectiveness, making it harder for bears to force the price back into the triangle.
Should the BBP continue to print stronger green bars, PI’s price will likely continue climbing toward the following resistance zones.
A closer look at the chart shows that bulls have successfully defended the support at $0.21. In addition, buyers have now breached the resistance at $0.25,
This bullish shift is further reinforced by the Holders Sentiment indicator, which has moved above the zero signal line.
If this trend continues, PI could maintain or even extend its outperformance against Bitcoin, further supporting the bullish outlook already visible on its lower-timeframe charts.
PI Price Analysis: Reversal Underway
On the daily chart, Pi Network has broken above a key resistance line. This breakout suggests that buyers are gaining traction and that bullish pressure is beginning to outweigh recent consolidation.
Supporting this move, the Chaikin Money Flow (CMF) has risen to 0.11, indicating an increase in buying pressure.
Additionally, the Supertrend indicator has flipped bullish, with its green line positioned below the current price.
If these conditions remain intact, Pi Network’s price could rise toward $0.27. In an extended bullish scenario, particularly if volume accelerates, PI could even rally toward $0.35.
However, this outlook depends heavily on sustained buying pressure.
If bulls fail to maintain control or momentum begins to fade, the breakout could weaken. In that scenario, Pi Network’s price may retrace toward $0.15, where the next support level is located.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
