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Pi Network token price stalls — but charts hint at a breakout ahead
Pi Coin has languished at $0.385, a shadow of its $3 peak in February, but technical signals suggest the beaten-down token may be gearing up for a sharp rebound.

Despite fading hype and dwindling volumes, Pi Coin’s chart is flashing signs of strength. A bullish falling wedge pattern and Wyckoff accumulation phase hint at a possible breakout, with bulls eyeing $1 — a 165% gain from current levels. With volatility indicators tightening and potential catalysts such as a Bnb listing on the horizon, Pi may be nearing the end of its sideways grind.

Summary
Pi crypto price has formed a falling wedge chart pattern.
It is also in the accumulation phase of the Wyckoff Theory.
The token will likely have a strong bullish breakout to $1 soon.
Pi Network price technical analysis
The Pi Network token has continued to underperform the crypto market this year as it plunged by over 85% from its all-time high of $3.

Pi Coin Pi Network
Pi Network was trading at $0.385 on Sunday, Aug. 17, remaining inside a range it has been in the past few months. Its daily trading volume has dropped, while the initial hype has eased.

The daily chart shows that the Pi coin price has declined significantly since February, when it reached a peak of $3. Its crash was so severe that it did not participate in the bull runs in April and this month.

However, technicals suggest that it has more upside in the coming weeks as it has formed the highly bullish falling wedge pattern. The upper side of this wedge connects the highest swings since May 21.

Its lower side links the lowest swings since June 13 this year. A bullish breakout normally happens when the two lines are about to converge, which is about to happen.

Therefore, the Pi coin price is likely to experience a strong bullish breakout, with the next target to watch being $1, which is 165% above the current level. The bullish forecast will become invalid if it drops below the lower side of the wedge at $0.3167.