Pi Network (PI) Shows Accumulation Signals Despite Price Drop – Wyckoff Pattern Suggests Potential Reversal

Pi Coin (PI) has declined another 2% today, currently trading at $0.5795 as its circulating supply increases. The token remains 80.6% below its all-time high (ATH) of $2.98 reached in February, with ongoing selling pressure reflecting the supply expansion.

Technical indicators point to a possible trend reversal. The Wyckoff Accumulation Pattern, a foundational market theory, suggests PI may be entering a phase where institutional investors are quietly building positions before a potential rally. This classic formation often precedes significant upward moves when identified during consolidation phases.

Market analysts highlight the divergence between PI’s price performance and its technical setup. While recent price action has frustrated early investors, the Wyckoff formation implies sophisticated capital may be positioning for a turnaround. The token’s ability to maintain current support levels could confirm this accumulation scenario.