The Pi Network price appears to be finding its footing after a steep decline, with whale accumulation and improving sentiment in the altcoin market hinting at a possible comeback.
Key takeaways:
- Large investors are steadily buying Pi Coin, showing renewed confidence.
- A double-bottom pattern has formed on the 12-hour chart.
- Technical signals point to a bullish divergence that could trigger upward movement.
One major whale has been actively accumulating Pi Coin following its nearly 90% drop from all-time highs. Daily purchases have pushed their holdings beyond 373 million coins. Should Pi return to its previous peak, the value of this stake could surpass $1 billion.
This aggressive buying stands out, given Pi’s ongoing weakness since the mainnet launch. It suggests optimism about a future rebound, potentially fueled by an exchange listing, a token burn, or a broader altcoin rally. The Altcoin Season Index has recently jumped to 78, and possible Federal Reserve rate cuts could also encourage greater risk appetite in crypto markets.
Technical outlook for Pi Network price
Charts show a double-bottom formation at $0.3321, with resistance near $0.4652. Such a setup often precedes strong upward moves. Meanwhile, the RSI indicates a bullish divergence, reflecting growing momentum.
Altogether, these factors suggest that the Pi Network price could climb toward the $0.4652 resistance zone — around 32% above current levels.
