Pi Network (PI) Price Prediction: Triple Bottom Pattern and Whale Accumulation Set Pi Coin Up for $1.67 Retest

The Pi Network price appears to be gathering bullish momentum amid a convergence of technical and on-chain indicators that suggest a potential breakout.

With the formation of a triple bottom pattern and a surge in whale accumulation, the Pi Coin market is bracing for a possible move above the psychological $1.67 level — a milestone that could mark the beginning of a longer-term rally.

Volatility Shrinks as Triple Bottom Pattern Takes Shape

Currently, Pi cryptocurrency is trading around $0.64, showing minor gains over the past 24 hours but still down more than 40% for the month. Despite the sluggish short-term performance, the Pi Network Coin is forming a triple bottom on the four-hour chart — a classic reversal pattern known to precede strong upward moves.

The Pi Network price has formed a triple-bottom pattern on the four-hour chart, indicating strong support at lower levels. Source: Nshan on TradingView

This pattern consists of three distinct troughs with approximately equal lows, followed by a breakout above a defined neckline resistance. In this case, that neckline sits around $1.67, and a breakout could send the Pi token price soaring toward $2.74, according to projections based on the height of the pattern.

Supporting this bullish setup, volatility has dried up significantly. The Bollinger Bands have narrowed sharply, and the Average True Range (ATR) has fallen to 0.0136, its lowest level since May 7. Historically, such periods of low volatility have preceded explosive moves in either direction, though the triple bottom suggests an upward resolution.

Whale Accumulation Adds Fuel to the Fire

In a major development, over 200 million PI tokens were recently transferred from a liquidity reserve to a private wallet — a move that many believe represents an Over-the-Counter (OTC) transaction by institutional players.

Moon Jeff, a well-followed crypto analyst on X, remarked, “This kind of quiet accumulation usually signals strong confidence from big players.” OTC deals are typically conducted to avoid slippage and are often interpreted as a sign of long-term accumulation by investors who foresee future gains in Pi Coin value.

Two million PI tokens were transferred from a liquidity wallet to a new address, likely indicating ongoing OTC accumulation and bullish sentiment for Pi Network. Source: MOON JEFF via X

Adding to the bullish sentiment, 72,720 PI tokens were reportedly withdrawn from exchanges within a 24-hour window, indicating a halt in selling pressure and potentially positioning Pi for a supply squeeze.

Key Resistance Levels: $0.86, $1, and $1.67

While momentum is gradually building, the path to higher Pi crypto prices is not without obstacles. The first major resistance stands at $0.8600, the swing high from May 21. This is followed by the critical $1 level, which carries strong psychological weight, and finally, the $1.6726 zone — the top formed in May and the neckline of the triple bottom pattern.

Pi faces resistance at $0.86, $1.00, and $1.67, where a breakout could confirm a bullish reversal. Source: DRAGUN1 on TradingView

A confirmed break above $1.67 would validate the bullish formation and likely trigger accelerated buying. In that case, the Pi Network token could aim for $2.74, unlocking new upside potential in the Pi Network market.

However, if the PI Coin price falls below $0.60, it would invalidate the bullish pattern and potentially open the door to further losses, possibly retesting the all-time low near $0.40.

Cautious Optimism Ahead of Pi2Day and Binance Rumors

Looking ahead, all eyes are now on June 28, known as “Pi2Day”, a date when the Pi Network team traditionally reveals key project updates. Speculation is growing around a potential Binance listing, though this remains unconfirmed. A listing on a major exchange like Binance would be a game-changing development, significantly improving Pi Network trading volumes and visibility.

Pi Network (PI) was trading at around $0.64 at press time. Source: Brave New Coin

That said, community sentiment remains mixed. While some analysts, like Moon Jeff, are optimistic about a return to $1.2 and beyond, others remain skeptical. Dr. Altcoin, a crypto critic, recently stated that the Pi Core Team needs to offer “more clarity and value” to its user base, citing growing frustration from Pi mining participants who haven’t received their PI tokens despite completing KYC.

Final Thoughts: Is a Pi Coin Rally Imminent?

Despite the Pi Coin price hovering near its recent lows, the convergence of a bullish chart pattern, dwindling volatility, and strong on-chain activity may point to a pivotal turning point. If the current setup holds and bullish momentum carries it past the $1.67 resistance, Pi Coin’s worth could quickly appreciate, potentially reaching $2 or higher in the short term.

Until then, investors will continue watching the Pi wallet activity, developer updates, and market sentiment closely. While uncertainty remains, Pi cryptocurrency is clearly setting the stage for its next major move — and this time, the odds may be tilting toward the bulls.