Crypto: technical signals reveal a possible reversal of the PI price

While the Crypto market hesitates on the direction to be taken, Pi Network captures attention at a pivotal moment. After a spectacular rally followed by a marked fall, the project now intrigues due to a technical configuration rarely observed: a downhill bevel, often perceived as a return to reversal. This signal, combined with intense community news, places the Pi token at the heart of speculation on a possible rebound.

The indicators announce a potential reversal

While the Crypto is going through an unstable period, the Pi Network price recorded a brutal fall of more than 60 % since May, falling at $ 0.5370 on June 21, against a peak of $ 1,6675 reached when speculation around the ecosystem beat their full, just before the Toronto consensus event.

This upward phase was fed by “The expectation of major announcements linked to the ecosystem”. However, the announcement effect quickly died with The revelation of the launch of the Pi Network Ventures fundendowed with $ 100 million, the immediate impact of which has been disappointing.

In addition, we also observe the fall in the volume of exchange on Saturday June 21 at $ 74 million over 24 hours, against a peak of $ 3 billion last February after its launch. However, the technical signals suggest a possible reversal, and several key elements deserve to be underlined:

• The MacD continues its decline, signaling volatility at half mast, often interpreted as an accumulation phase;

• Donchian strips are tightening, another indicator of a compression market, conducive to a sudden storage;

• A figure in “Delivery compression configuration announcing a reversal” is clearly visible on the graph in eight hours, training recognized as a classic Haussier signal in technical analysis;

• A rebound could bring the price to $ 1, or almost 85 % increase compared to the current level, if the scenario is confirmed;

• A critical technical threshold is to be monitored: if the PI falls under $ 0.3940, lower in June, the Haussier scenario would be invalidated.

These on-chain indicators draw the portrait of an asset in consolidation, potentially ready to bounce back, but always suspended from the reaction of its market and its community.

Pi day 2 and the auctions of domains.

Beyond graphic reading, several short-term fundamental events could restore pulp momentum. One of the main catalysts is Pi Day 2, scheduled for June 28, a symbolic date also known as Tau Day, alternative to the traditional Pi Day of March 14.

That day also coincides with the auction for the areas. Pi, an operation which is an unexpected success. Indeed, more than 3 million bets have been recorded, including 123,000 active, a sign of tangible interest within the community.

These figures reflect a craze for the symbolism around the crypto, but also a desire to anchor yourself in a digital ecosystem in full structuring.

In parallel, The developers have highlighted several projects in progress within the network. Among them, the FruityPi application, a game of the match-three type, testifies to the first concrete uses of the infrastructure.

In addition, the Network Ventures PI Fund announced, aims to finance start-ups evolving in this ecosystem, without specific details on the beneficiaries or the eligibility criteria having yet been published.

Finally, a macroeconomic context could play in favor of a general awakening of the crypto market. Christopher Waller, governor of the Fed, declared on June 21, that the federal reserve could “Consider a drop in rates in July”. This announcement was perceived as a favorable signal for risky assets, of which Pi Network could benefit indirectly.

It remains to be seen whether these elements will be enough to transform the speculative momentum into structural dynamics. The combination of a favorable technical analysis and event catalysts can indeed constitute a fertile soil for a rebound. However, the lack of official rating of the crypto on the main exchanges, as well as the still limited accessibility of the token, still slow down institutional recognition. If the curve can start again, the medium -term issue remains the credibility of the ecosystem and the ability to make its promises concretize.