{"id":5617,"date":"2025-05-05T17:49:00","date_gmt":"2025-05-05T16:49:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=5617"},"modified":"2025-05-05T17:20:33","modified_gmt":"2025-05-05T16:20:33","slug":"pi-network-break-1-this-week-pi","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pi-network-break-1-this-week-pi\/","title":{"rendered":"Pi Network Poised to Break $1 This Week : Major Milestone Ahead"},"content":{"rendered":"\n

Bullish Signals for Pi Network<\/h2>\n\n\n\n

Since its historic peak at $3 <\/strong>in February, the Pi Network token has been caught in a downtrend. It has been moving below a descending trendline since April 12<\/strong>. However, recent price movements and technical indicators suggest a potential reversal of the situation<\/strong>.<\/p>\n\n\n\n

Analysis of the daily chart for PI\/USD<\/a><\/strong> reveals a significant increase in on-balance volume (OBV) over the past two days. This metric, considered as a leading indicator, implies an increase in buying pressure<\/strong>, even though the price remains stable for now. Such a divergence between price and OBV is often a precursor to an upcoming bullish breakout.<\/p>\n\n\n\n

Furthermore, the red bars of Pi’s BBTrend indicator<\/strong> have gradually contracted, indicating a weakening selling pressure. This decrease in volatility suggests that the market is gearing up for a change in direction<\/strong>.<\/p>\n\n\n

\n
\"Pi's
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Currently trading at $0.591<\/strong>, the Pi token is below its downtrend line, which forms resistance around $0.605<\/strong>. However, if the bullish<\/a> momentum strengthens and demand picks up, it could break through this level to target the $1.01<\/strong> mark.<\/p>\n\n\n\n

Conversely, a lack of rebound would raise concerns about a return to the historical low of $0.40<\/strong>.<\/p>\n\n\n\n

A Potential Trend Reversal in the Making?<\/h2>\n\n\n\n

The technical indicators seem to indicate that the worst is over for Pi Network<\/strong>. The discreet accumulation by investors and the decline in selling pressure suggest a possible short-term trend reversal.<\/p>\n\n\n

\n
\"Pi's
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

If this trend continues, the Pi token could resume its upward trend<\/strong> and provide excellent opportunities for traders looking for a return to $1, or even beyond. It remains to be seen if the overall sentiment in the crypto market<\/a> will align with these emerging bullish signals<\/strong>.<\/p>\n\n\n\n

\n
Sign up on WEEX to get a $10 bonus !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n