Pi Network Could Hit $30 If Banks Adopt It—Price Eyes $0.71 Breakout
Pi Network (PI) is stabilizing after a 48% drop over the last month, with price action now compressing into a tightening triangle.
Quick overview
- Pi Network (PI) is stabilizing after a 48% drop, currently trading at $0.6124 and facing resistance at $0.6423.
- A breakout above $0.642 could lead to a target of $0.7121, while a drop below $0.5522 may trigger further selling.
- Rumors of institutional adoption by major U.S. banks could potentially drive PI's value to between $10 and $30.
- Key indicators suggest a possible volatility breakout, with early signs of recovery in momentum and market sentiment.
Pi Network (PI) is stabilizing after a 48% drop over the last month, with price action now compressing into a tightening triangle.
Trading at $0.6124, PI is holding above the ascending trendline and facing resistance from the 50-period EMA at $0.6423.
The RSI is at 41.6, indicating weak but improving momentum. This setup suggests a volatility breakout ahead. Bulls are looking for a clean move above $0.642, while a breakdown below $0.5522 could lead to more selling.
Technical Trade Setup:
Entry: Buy on breakout above $0.642
Target: $0.7121 (next resistance)
Stop Loss: Below $0.552 (trendline support)
If volume increases and price closes above resistance, a relief rally to $0.71 is likely. But a breakdown below trendline support could pull prices back to $0.48.
Could Institutional Adoption Push PI to $30?
Beyond the charts, rumors are swirling that top-tier U.S. banks—including JPMorgan and Bank of America—may explore Pi Network for cross-border payments and Web3 integrations. This comes after Pi Network’s growing U.S. presence, including its affiliate status at Stanford and a real estate partnership with Florida-based Zito Realty.
According to Web3 data analyst Grok3, PI could reach between $10 and $30 if institutional usage becomes a reality. That growth thesis is backed by:
Web3 Expansion: Pi’s integration with Chainlink Data Streams
Payments Gateway: Partnership with Banxa
Real-World Utility: More merchants accepting PI
Even crypto strategist Dr. Altcoin believes institutional traction could set a floor—provided Pi’s infrastructure can scale for enterprise use.
What to Watch Next: Breakout or Breakdown?
While short-term sentiment is weak, there are early signs of recovery:
Triangle Breakout: Watch for a move above $0.642 for trend confirmation
MACD Shift: Momentum rising; a cross above the zero line could confirm reversal
Adoption News: Bank endorsements could be the catalyst* Tech: Speed and scalability upgrades could be the key
For now, Pi Network is at a technical crossroads. If bulls reclaim control, the path toward higher valuations—including double-digit territory—remains open.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals