After a steep drop in price and fading hype post-mainnet launch, Pi Network (PI) may be setting the stage for a strong comeback. The popular community-powered cryptocurrency has seen its price slump by over 60% since May, but new technical patterns and upcoming events suggest a possible reversal may be near.
Pi Coin Stabilizes After Steep Drop
Since hitting a high of $1.66 in May 2025, Pi Coin has fallen sharply, reaching as low as $0.53 as of June 21. Trading volume has also dropped drastically from over $3 billion to just $74 million, indicating cooling investor interest. This decline came after the much-anticipated Consensus event and the launch of Pi Network Ventures, a $100 million fund aimed at growing the ecosystem. However, despite the recent dip, not all signals are bearish.
A Bullish Chart Pattern Forms
Technical analysis on Pi Coin’s 8-hour chart shows the formation of a falling wedge pattern — a classic indicator that often precedes a bullish breakout. At the same time, volatility has decreased, with narrowing Donchian Channels and a weakening MACD. Historically, periods of low volatility can signal accumulation by investors, which often leads to an upward move.
If the price breaks out of the wedge, analysts suggest a possible surge toward $1, representing a potential 85% rally from current levels. The bullish case remains valid unless Pi drops below the key support of $0.3940, which is this month’s low.
Key Catalysts Ahead for Pi Coin
Looking beyond charts, there are multiple upcoming events and developments that could boost Pi Coin’s price:
- Pi Day 2 (June 28): Also known as Tau Day, this event celebrates Pi’s ecosystem and community and is expected to draw attention to the network.
- .pi Domain Auction: Over 3 million bids have been submitted so far, showing strong interest in digital identities within the Pi ecosystem.
- New dApps and Games: Applications like FruityPi, a fruit-matching blockchain game, are starting to roll out, adding utility and engagement.
- Macro Factors: U.S. Federal Reserve Governor Christopher Waller recently suggested an interest rate cut could come as early as July, which could benefit crypto markets overall, including PI.
Final Thoughts
While risks remain — especially after such a sharp correction — the combination of a bullish wedge pattern, community-driven events, and potential macroeconomic tailwinds could help Pi Network regain momentum. If buyer interest returns, PI may once again challenge key resistance levels and work toward reclaiming the $1 mark.
