Pi Network Price Holds Steady as Market Awaits Major Catalyst

Pi Network Price Holds Steady as Market Awaits Major Catalyst

The price of Pi Coin continues to hover in a tight trading range this week, as investors and traders await a potential catalyst that could spark renewed momentum.

As of Tuesday, Pi Coin was priced at $0.57 — a sharp 80% decline from its yearly peak. The downturn reflects waning interest, with trading volume over the past 24 hours dropping to just $47.5 million.

Despite the muted activity, technical indicators suggest that Pi Coin could be on the brink of a significant move. According to an analysis by crypto.news, the coin is currently in the “accumulation phase,” a key concept from the Wyckoff Method — a nearly century-old framework used to chart market cycles. This phase typically features low trading volumes and sideways price action, often preceding a strong upward movement known as the “markup phase.”

A potential trigger for this next phase could be a listing on a major cryptocurrency exchange. Rumors around possible listings on platforms like Binance, Coinbase, Upbit, or HTX have fueled speculation. History shows that such announcements can serve as powerful catalysts, boosting demand and propelling prices higher.

From a technical perspective, the Bollinger Bands — a widely used volatility indicator — have contracted to their tightest range since Pi Network’s mainnet launch. Such a squeeze usually precedes a significant breakout in either direction. Notably, the Awesome Oscillator, a momentum-based indicator, is flashing bullish signals, with higher highs forming and a potential cross above the zero line on the horizon.

If a bullish breakout materializes, Pi Coin could climb toward the $1 mark — a psychological resistance level and a potential 74% upside from current prices. On the flip side, a bearish breakdown might send the token sliding toward the $0.50 support zone.

As the market holds its breath, all eyes remain on Pi Network and the next move that could define its short-term trajectory.