Pi Network (PI) Market Braces for a Possible Move Above $1.67 Resistance as Whales Accumulate

With the formation of a triple bottom pattern and a surge in whale accumulation, the Pi Coin market is bracing for a possible move above the psychological $1.67 level

The Pi cryptocurrency market is showing signs of bottom formation, which could be setting the stage for a return to $1.67 and higher.

Pi crypto is currently trading around $0.64, showing minor gains over the past 24 hours but still down more than 40% for the month. However, the token is forming a triple bottom on the four-hour chart—a classic reversal pattern that is known to precede strong upward moves.

This pattern consists of three distinct troughs with approximately equal lows, followed by a breakout above a defined neckline resistance. In this case, that neckline sits around $1.67, and a breakout could send the Pi token price soaring toward $2.74, according to projections based on the height of the pattern.

Triple bottom pattern on the 4-hour chart for Pi cryptocurrency

Periods of low volatility have been known to precede explosive moves

Moreover, volatility has dried up sharply. The Bollinger Bands have narrowed considerably, and the Average True Range (ATR) has fallen to 0.0136, its lowest level since May 7.

Historically, such periods of low volatility have been known to precede explosive moves in either direction, although the triple bottom suggests an upward resolution.

After a major liquidity event, over 200 million PI tokens were transferred from a reserve wallet to a private wallet—a move that many believe represents an Over-the-Counter (OTC) transaction by institutional players.

“This kind of quiet accumulation usually signals strong confidence from big players,” said Moon Jeff, a well-followed crypto analyst on X.

OTC deals are typically conducted to avoid slippage and are often interpreted as a sign of long-term accumulation by investors who foresee future gains in Pi Coin value.

Two million PI tokens were transferred from a liquidity wallet to a new address, likely indicating ongoing OTC accumulation and bullish sentiment for Pi Network.

Additionally, 72,720 PI tokens were reportedly withdrawn from exchanges within a 24-hour window, indicating a halt in selling pressure and potentially positioning Pi for a supply squeeze.

Key Resistance Levels: $0.86, $1, and $1.67

While momentum is gradually building, the path to higher Pi crypto prices is not without obstacles. The first major resistance stands at $0.8600, the swing high from May 21. This is followed by the critical $1 level, which carries strong psychological weight, and finally, the $1.6726 zone—the top formed in May and the neckline of the triple bottom pattern.

A breakout above $1.67 would validate the bullish formation and likely trigger accelerated buying. In that case, the Pi Network token could aim for $2.74, unlocking new upside potential.

However, if the PI Coin price falls below $0.60, it would invalidate the bullish pattern and potentially open the door to further losses, possibly retesting the all-time low near $0.40.

Pi2Day and Binance Rumors

All eyes are now on June 28, known as “Pi2Day”, a date when the Pi Network team traditionally reveals key project updates. Speculation is growing around a potential Binance listing, though this remains unconfirmed. A listing on a major exchange like Binance would be a game-changing development, significantly improving Pi Network trading volumes and visibility.

Pi Network (PI) was trading at around $0.64 at press time.

That said, community sentiment remains mixed. While some analysts, like Moon Jeff, are optimistic about a return to $1.2 and beyond, others remain skeptical. Dr. Altcoin, a crypto critic, recently stated that the Pi Core Team needs to offer “more clarity and value” to its user base, citing growing frustration from Pi mining participants who haven’{حادثه كنر بك و بلا ليفي في عرض "دبليو دبليو اي" يوم الأحد الماضي، لم يكن متفق عليه سلفًا، و قد فاجئ الجميع بما في ذلك مسؤولي عرض "دبليو دبليو اي".

و قد أحدث هذا المشهد ضجة كبيرة على وسائل التواصل الاجتماعي، حيث عبر العديد من محبي عرض "دبليو دبليو اي" عن صدمتهم لما حدث.

و قد بدأ هذا السيناريو عندما هاجم بك ليفي بلا سبب في عرض "دبليو دبليو اي" يوم الأحد الماضي. و قد بدا غاضبًا حقًا، و قد كان هذا هجومًا شخصيًا للغاية.

و قد أطلق بك على ليفي مجموعة من الألعان، و قد بدا وكأنه شخص مختلف تمامًا عما عهدناه في عرض "دبليو دبليو اي". و قد كان هذا الهجوم مفاجئًا للغاية، و قد ترك الجميع في حيرة من أمره.