The post 3 Reasons Why Pi Coin Price Could Skyrocket 100% This Week appeared on BitcoinEthereumNews.com.

Pi Network (PI) coin price at $0.7225 shows bullish exhaustion with a 3.50% intraday drop after a 30% bull run in two days. The short-term pause at a crossroads, Pi coin holds a 100% upside potential. So, let’s jump into how a pattern breakout, a large whale transaction, and resurfacing listing rumors could fuel such a dramatic price movement. Three Reasons Why Pi Coin Price Could Give a 2x Rally The cryptocurrency market is rising again and tokens like PI are capitalizing on increased momentum. Between May 8 and 9, Pi Network’s token price formed two bullish engulfing candles, marking the 30% rally. At present, the Pi coin price aims to reclaim $1 as multiple factors support optimistic Pi Network forecasts. So, let’s a closer look at the three reasons why Pi’s token price could jump 100% this week. Adam and Eve Pattern Breakout Targets $1.54 Pi Network’s coin price tumbled 86% from $2.99 to $0.40 between Feb 26 and April 5, marking a strong bottom. Signaling a stronger return, PI price action forms an Adam and Eve pattern in the 4-hour price chart. The V-shaped reversal in Pi’s coin price from $0.40 to $0.77 is known as Adam and follows the rounding reversal as Eve. The neckline remains constant at $0.77, acting as the key immediate hurdle.  Based on technical analysis, the breakout target is evaluated by adding the V-shaped reversal’s depth to the breakout level. Aligning with the broader market Pi Network price prediction, a near 100% price surge is possible to $1.54.  A positive crossover between 50 and 100 Exponential Moving Averages (EMA) triggers a bull signal. Further, the 4-hour Relative Strength Index (RSI) has crossed into the overbought territory, signaling solid underlying bullishness. Hence, the technical indicators bolster the breakout forecast.  Pi Network Coin Price Chart…

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Filed under: News - @ May 10, 2025 4:22 pm