PI Breaks 7-Week Decline: Pi Network Aiming for a 30% Rise as Pi2Day Approaches

After weeks of tight pricing and a hesitant market, Pi Network ($PI) has finally broken out of a 7-week falling wedge pattern, sparking new bullish sentiment. This technical breakout is being closely followed by cryptocurrency traders and Pi supporters, as analysts forecast a potential price increase of 30% in the coming weeks. At the time of writing, Pioneers are closely following as the price of this token is trading at $0.6461 after a 21.02% increase in the last 24 hours. The falling wedge pattern—a bullish reversal pattern—has caused $PI to be stuck in a slow fall, reflecting investor caution and market consolidation. However, the breakout above the resistance trendline of the wedge signals a shift in momentum, with buyers regaining control of price direction. With the confirmed breakout, the focus has now shifted to the next important milestone: the psychological barrier at the $1 level. This level not only represents a round number target but also a key resistance point that could determine the short to medium-term trajectory of the asset. A clear breakout above this level could trigger a new buying wave and establish $PI on a new bullish leg. Technical analysts emphasize that a sustainable move beyond the immediate resistance levels will be crucial to validate the bullish scenario. Without sufficient follow volume and confirmation, the current bullish move risks becoming a short-term fakeout. However, optimism is on the rise. The Pi Network community, known as "Pioneers", is abuzz with anticipation as the project continues to develop its ecosystem. Despite the inability to trade on major exchanges and the current limitations surrounding the liquidity of Pi Coin, confidence remains strong in its long-term potential, especially considering the project's ambitious vision of bringing blockchain utility to the public. Market followers advise caution, urging traders to closely follow resistance levels and trading volumes. If $PI can consolidate above the breakout point and maintain positive momentum, a bullish 30% rally is expected to become a reality. As of now, all eyes are still focused on the price chart. Pi Network may have finally escaped the prolonged consolidation phase, but whether this breakout marks the beginning of a larger bullish trend or just a brief spark will depend on what happens next. Currently, bullish speculators on $PI are full of hope. With the ongoing breakout and the target of $1 coming into view, Pi Network is back on the radar—this time with real momentum behind it.