Indeed, on the daily chart, the price of Pi (PI)<\/strong> appears on the verge of a solid recovery, potentially as soon as this September. A double bottom pattern has formed at $0.3160<\/strong>, a level it has failed to break through since August.<\/p>\n\n\n\n This technical pattern indicates that short sellers are hesitant to bet below this threshold. It’s also characterized by a neckline at $0.4655<\/strong>, a key level to monitor.<\/p>\n\n\n\n Another bullish catalyst is the gap between the Bollinger Bands<\/strong>, which has considerably narrowed, signaling low volatility. This suggests an imminent strong upward movement, similar to what was observed in May when the token surged by more than 300%<\/strong>.<\/p>\n\n\n\n Additionally, the token has entered the accumulation phase of the Wyckoff model, a precursor to a pronounced bullish trend. It’s therefore likely that the price will reach the neckline at $0.4670<\/strong>, then the psychological threshold of $1<\/strong>.<\/p>\n\n\n\n Before that, the resistance at $0.39-0.40<\/strong> and the liquidity zones between $0.42 and $0.46<\/strong> are key levels to watch<\/strong>. As long as PI doesn’t break through these levels, demand isn’t strong enough to fuel this explosion to $1.<\/p>\n\n\n\n The token price could resume an upward trajectory, driven by growing institutional demand<\/strong>. Valour, a leading fund manager, recently listed an exchange-traded product based on Pi Network in Sweden.<\/strong><\/p>\n\n\n\n![\"PI](\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/09\/PIUSDT_2025-09-03_10-16-53-1024x752.jpg\")
<\/figure>\n\n\n\nWhy Could the Token Bounce Back Soon?<\/h2>\n\n\n\n