Pi Network Primed for Breakout? Bollinger Bands Flash Bullish Signal

Brace for impact—or just another crypto false alarm. Pi Network’s charts are tightening like a coiled spring, with Bollinger Bands hinting at volatility ahead. Traders are split: breakout or breakdown?

The math doesn’t lie—these bands haven’t been this squeezed since the last ’sure thing’ that vaporized portfolios. But here’s the kicker: Pi’s mobile-first mining army gives it retail momentum most tokens would kill for.

Wall Street’s algo-traders still dismiss it as ’play money.’ Then again, they said the same about Bitcoin at $200. Whether this moons or crashes, one truth remains: in crypto, the crowd’s wrong until it’s violently right.

PI’s circulating supply has been expanding rapidly as more tokens are unlocked and more mainnet migrations are completed by PI token holders. This is a factor that favors a bearish Pi price prediction.

The project’s monthly unlock schedule indicates that 223 million PI will be added to the circulating supply this month while nearly 455 million tokens will be added in May and June. This implies a 6.5% supply expansion in just two months.

Meanwhile, the token’s prospects have also been affected by the reluctance of top exchanges like Coinbase and Binance to list PI as they refuse to go through the network’s complex Know Your Business (KYB) protocols.

Pi Coin Price Prediction: Tight Consolidation Signals Explosive Breakout Ahead for PI

A popular indicator known as the Bollinger Bands shows significant price compression as the upper and lower band of the indicator are the tightest they have ever been since the Pi Network public mainnet was launched.

The price action appears to favor a bullish outcome thus far as the token has moved above the upper Bollinger with strong trading volumes.

A break above the $0.6000 level would favor a bullish outlook for Pi while the key support to watch currently sits at $0.5700 – the token’s nearest lower low.

Momentum indicators are favoring a bullish outcome as well in the hourly chart as the Relative Strength Index (RSI) has been trending higher and currently stands above its 14-day simple moving average (SMA).

Meanwhile, the MACD’s histogram is still in positive territory and has been trending higher lately as well.

If PI breaks above its 200-hour EMA, this would confirm a strong bullish push that could propel the token to the $0.7000 area.

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