Pi Coin Eyes $2.98 Comeback: Bulls Bet Big on Sweet Reversal Rally

Pi Coin's chart flashes green as traders pile into what could be the comeback play of Q3.

Bulls are back in the driver's seat—and this time, they've got $2.98 in their crosshairs. After weeks of sideways action, Pi's price action hints at a textbook reversal pattern. Could this be the breakout crypto's been waiting for?

Technical traders are circling. The setup? A clean bounce off key support levels, with volume creeping up like a Wall Street intern during bonus season. No guarantees, of course—this is crypto, where 'fundamentals' are just something you mock on Twitter.

One thing's certain: if Pi punches through resistance, the FOMO will be real. Just remember—what goes up fast in crypto tends to come down faster. Proceed with diamond hands... and maybe a stop-loss.

Potential catalysts for the Pi Network token

The Pi Network price has numerous catalysts that may push it higher in the coming weeks. First, the main catalyst is the potential altcoin season, which may happen this year. The closely watched Altcoin Season Index has jumped to 55, a trend that may continue this year. Such a move WOULD lead to more gains among most altcoins.

Second, while no major tier-1 exchange has listed Pi coin, there is still a slim chance that one or more of them will list it. Such a move would likely trigger a parabolic surge, as Pi is one of the most popular coins in the cryptocurrency industry. 

Further, there are signs that the Pi Network ecosystem is growing, with the number of AI applications jumping, a few days after the Pi AI Studio was launched. A vibrant Pi ecosystem will lead to increased demand and token burn, resulting in further upside.