Pi Network Trading in Upward Channel: Breakout Could Push Price Toward New ATH
Pi Network (PI) is generating bullish momentum, currently trading within an upward parallel channel on the 4-hour (4H) chart. This technical setup is often a precursor to significant price movement, and with a breakout on the horizon, analysts suggest PI may be gearing up to test—or even surpass—its previous all-time high (ATH).
Technical Analysis: Upward Channel in Play
As seen in the chart below, PI’s price action has remained within a clearly defined rising parallel channel:
Support Line: Around $0.69 acting as a strong foundation.
Resistance Line: Near $0.87 currently capping price advances.
The Relative Strength Index (RSI) is trending upward, currently hovering around 60-70, indicating buying pressure without reaching overbought territory. The Moving Average Convergence Divergence (MACD) also shows bullish crossover, reinforcing the potential for upward momentum.
Breakout Potential: What to Watch
A breakout above the upper boundary of this channel with increased volume would be a strong bullish signal. Historical price movements in similar setups often result in explosive growth.
Key Price Levels:
Immediate Resistance: $0.87
Potential Breakout Target: $3 (Fibonacci extension)
Next Major ATH: $2.98
If PI manages to close a 4H or daily candle above resistance with volume confirmation, it may rally toward the next major milestone.
Fundamental Catalysts Supporting the Move
Several key developments could serve as tailwinds:
Open Mainnet Launch: The long-anticipated event will allow PI holders to freely trade their tokens on exchanges, likely increasing demand.
Ecosystem Growth: The expansion of Pi Apps, decentralized services, and integration of smart contracts is driving real utility.
Community Strength: With over 50 million engaged users, Pi Network boasts one of the largest communities in crypto.
These fundamentals are aligning with technical signals to create a potentially explosive setup.
Where to Trade Pi Network?
While PI is not yet available on major centralized exchanges, a few platforms support trading, such as:
OKX
XT
BitMart
Delta exchange
Conclusion: Eyes on the Breakout
The Pi Network is currently showing strong bullish structure on the 4H chart. A confirmed breakout from the current upward channel could send PI soaring toward a new all-time high. As both technical and fundamental indicators align, traders and long-term holders should stay alert.
Technical Summary:
Trend: Bullish
Indicators: RSI strong, MACD bullish
Breakout Zone: Above $.87
Risk: Pullback to support if volume dries up
Stay tuned for the latest updates, and always trade responsibly.
Disclaimer: The content in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and carry risks. Always perform your own research before making any financial decision.