Pi Coin (PI) appears close to a breakout, as positive signals emerge across charts and community updates. Currently, trading was observed around $0.0048, down 5.08% in 24 hours. Trading volume fell by 48% to a value of $167.8 million, with bearish indicators for short-term bullishness from holders.
One day before that, volumes for Pi Coin surged by nearly 200%. This spike was then followed by a 6.8% intraday price jump. These signals lean toward a short-term accumulation zone. Volatility in volumes indicates that buyers are surreptitiously intervening before a possible large trend change materializes.
Pi Coin listings drive growing hype
The latest driver was the listing of Pi Coin by Swapfone. The regulated U.S. exchange listed PI/USDS on July 22. This is an indication of more legitimacy and a welcome to mainstream trading. Swapfone also introduced a 200 PI giveaway to improve user activity.
Pi Coin is also listed today on a handful of major exchanges, including MEXC, OKX, Bitget, CoinW, and Gate.io. The listings transfer Pi from IOUs and closed testnet deals to clearer markets that everyone trusts. It is a big break for the developer base of Pi Network people.
Technical patterns hint breakout above $0.60
In spite of bullish moves, the price action of PI is still soft for the moment. It trades 7% down today, around $0.44, due to the general market downturn of crypto. Bitcoin also fell back to $117,000, maintaining caution across altcoins, including PI.
However, Pi’s latest wallet update is a good one. The wallet now supports fiat currency through credit cards and Google Pay. This option might bring in fresh funds for the Pi network as more access is achieved for mainstream users online.
A chart analyst, Jireon, notes that a symmetrical triangle shape is forming. There is good resistance in the area of $0.60. With volume up here, targets of $0.75 and $0.90 become a possibility. RSI is still around 48 or so, so that means that momentum is slowly building.
He pinpointed a double bottom and rounding bottom around $0.42. Both of these formations frequently foreshadow bullish turnings. March’s resistance trendline also acted as support. Jireon forecasts that Pi will not remain below $0.60 for long, with breakout potential drawing tighter with each passing day.
