Century-Old Market Theory Hints at Imminent Pi Network Price Explosion

Forget the hype cycles—this one’s rooted in cold, hard chart history. A 90-year-old technical analysis pattern, last seen before Bitcoin’s 2020 bull run, is flashing green for Pi Network.

The ’Descending Wedge Breakout’—beloved by traders who think Fibonacci retracements are cocktail recipes—suggests Pi’s years of sideways movement could detonate into vertical gains. Just like it did for Dogecoin before Elon started meme-tweeting.

Of course, in crypto-land, ’imminent’ might mean tomorrow or 2027. And let’s be honest—if vintage theories guaranteed profits, we’d all be trading tulip bulbs by now.

Pi Network price forecast: Wyckoff Theory points to a surge

The eight-hour chart shows that the Pi Coin price has remained in a tight range since early April. This consolidation has coincided with a sharp decline in trading volume. 

This price action suggests the coin has entered the accumulation phase of the Wyckoff Theory, which outlines four stages in an asset’s price cycle: accumulation, markup, distribution, and markdown. The accumulation phase is typically marked by low volume and sideways movement. 

The theory explains the four stages that assets go through: accumulation, markup, distribution, and markdown. The accumulation phase is characterized by low volume and sideways movements. 

This is often followed by the markup phase, when prices spike due to a fear of missing out among traders. A catalyst such as an exchange listing could trigger this next phase.

Fortunately, the coin will likely be listed by at least one exchange this month. HTX, the exchange affiliated with Justin Sun, has sent several X posts, implying that a listing will happen. 

Tokens often surge when listed by top-tier exchanges. The most recent example was Orca (ORCA), whose price soared by over 200% after its Upbit listing. As a more popular coin, Pi Network would likely have a bigger jump if a top exchange listed it. 

The initial target for the Pi Network price will be the psychological point at $1, followed by the key resistance at $1.80, the highest swing on March 13.