Pi Network Eyes 50% Boom on Falling Wedge Breakout Potential

Pi Network’s (PI) coin appears to be on the verge of a trend reversal following the appearance of a classic bullish chart pattern—a falling wedge—on its 4-hour timeframe versus Tether (USDT).

PI Price Could Surge 50% in April

As of March 31, PI/USDT trades at approximately $0.6876, down nearly 80% from its peak.

However, technical analysts are closely watching the narrowing wedge pattern, characterized by descending trendlines connecting lower highs and lower lows. Volume has also declined during this downtrend, aligning with textbook falling wedge behavior—often a sign of weakening bearish momentum.

Despite the recent losses, falling wedges are considered bullish reversal patterns, especially after sharp downtrends.

A breakout typically occurs when the price closes above the upper trendline with a spike in volume. If that happens, analysts often set the upside target by measuring the maximum height of the wedge and adding it to the breakout point.

In PI’s case, the height of the wedge—measured from its early-March top near $1.04 to the support line—is approximately $0.35, about 50% higher than the current prices.

If PI breaks above the wedge’s resistance, the upside target could reach around $1.04, matching its last major swing high.

Watch For Market Tailwinds

Beyond technicals, broader macro and project-specific factors have contributed to PI’s extended downtrend.

President Donald Trump’s new wave of reciprocal tariffs—set to begin April 2—has sparked risk-off sentiment across global markets. Investors are increasingly shifting away from speculative assets, including lower-tier cryptocurrencies like PI, as trade war fears resurface.

The S&P 500 recently posted its worst quarter since 2022, and top cryptocurrencies have declined in tandem, reflecting broader market jitters.

In addition, Binance’s ongoing refusal to list PI remains a major obstacle to the token’s credibility and accessibility. Despite an 88% approval vote from the community supporting a Binance listing, the exchange has kept PI off its list of new tokens.