Pi Network Price Nears Critical Squeeze as Bollinger Bands Tighten

Brace for impact—Pi Network’s price action is coiling like a spring. Bollinger Band width hits a 3-month low, signaling an imminent volatility surge. Will the mobile-mined crypto defy gravity or faceplant like so many ’revolutionary’ projects before it?

Technical traders are eyeing the $40-$45 zone as make-or-break territory. Break north, and FOMO could trigger a 30% rally. Fail, and well... at least the whitepaper looked pretty.

Remember folks: in crypto, ’mathematically guaranteed gains’ are about as real as a Wall Street banker’s tan.

Meanwhile, a popular trend indicator known as Bollinger Bands is signaling the potential for a strong move in the NEAR term. This indicator comprises three lines: a simple moving average (the middle band) and upper and lower bands that represent standard deviations.

The Bollinger Bands for Pi Coin have narrowed to their tightest range since the mainnet launch. Historically, such compression often precedes a bullish or bearish breakout.

In Pi Network’s case, there are signs that it will make a bullish breakout since it has also formed a bullish divergence pattern. The Awesome Oscillator,  an indicator that compares the recent market momentum by comparing two moving averages has been forming higher highs and is about to cross the zero line. 

A bullish breakout could push Pi Network’s price to the psychological level of $1, representing a 74% gain from current levels. Conversely, a bearish breakout could see the price fall toward the $0.50 level.