{"id":10393,"date":"2025-06-24T09:37:16","date_gmt":"2025-06-24T08:37:16","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10393"},"modified":"2025-06-24T09:37:18","modified_gmt":"2025-06-24T08:37:18","slug":"pi-network-price-surge-3-key-reasons","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-price-surge-3-key-reasons\/","title":{"rendered":"3 Reasons Why Pi Network Price Could Surge This Week"},"content":{"rendered":"\n

3 Factors That Could Propel PI Network to the Top This Week<\/h2>\n\n\n\n

The price of Pi Network<\/strong> has dropped in recent weeks. It has continued the downtrend<\/strong> that started on May 12, when it peaked at $1.670<\/strong>. It plummeted by 70% to stabilize around the psychological level of $0.500<\/strong>. Although sentiment remains negative, a descending wedge pattern, decreasing volatility, and the approaching Pi Day could trigger a strong bullish recovery<\/strong> in the days ahead.<\/p>\n\n\n\n

\"pi<\/figure>\n\n\n\n

On the eight-hour chart, the price of Pi Network has formed a descending wedge pattern. This is often a precursor to a bullish breakout<\/strong>. The wedge consists of two converging downtrend lines. As the two lines approach their convergence point, it is a favorable time for breakouts to the upside<\/strong>.<\/p>\n\n\n\n

The price target of a descending wedge pattern is estimated by subtracting the wedge height from the potential breakout price. Here, the height is $0.9285 minus $0.6594, resulting in $0.269<\/strong>. By adding this value to the potential breakout point of $0.5328, we get a target at $0.80. This is 56% above the current level<\/strong>. However, a drop below the lower side of the wedge would invalidate this bullish scenario for the Pi Coin price.<\/p>\n\n\n\n

\"pi<\/figure>\n\n\n\n

Lastly, another bullish catalyst for the Pi Network price is the decrease in volatility<\/strong>. Over a twelve-hour horizon, the gap between the three Bollinger Bands has narrowed, indicating decreasing volatility. With the Relative Strength Index (RSI) in oversold territory, the Pi Coin price is expected to experience a bullish breakout<\/strong>.<\/p>\n\n\n\n

Pi Day 2 : Explosive Catalyst or Fizzle Out ?<\/h2>\n\n\n\n

The upcoming main catalyst for the Pi Network price is the commemoration of Pi Day 2<\/strong> on June 28, an annual event also known as Tau Day<\/strong>. Historically, these events are conducive to major announcements from the Pi core team and this time coincide with the end of .pi domain auctions.<\/p>\n\n\n\n

In summary, the price of Pi Network has recently dropped. However, the forming descending wedge pattern, low volatility, and the approaching Pi Day could lead to a bullish breakout<\/strong> in the coming weeks.<\/p>\n\n\n\n

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