Pi Network’s Sneaky Squeeze 🤑

by

Oh my, oh me! It’s been a rather dull week for Pi Network, hasn’t it? The price has been stuck in a teensy-weensy range, while Bitcoin and its altcoin pals have been surging about like a bunch of wild things! 🤪

But fear not, dear Pi Coin enthusiasts! For on Friday, July 11, the price was still clinging to $0.4900, a smidgen above the week’s low of $0.4530. And, if you ask me, there are a few jolly good reasons why this coin is on the cusp of a cracking good breakout! 🎉

Firstly, the monthly token unlock is slowing down, which means fewer coins will be flooding the market. It’s a bit like turning off the tap, isn’t it? This month, Pi will unlock a mere 175 million coins, followed by 137 million in August, 116 million in September, and a paltry 93 million in October. 📉

But wait, there’s more! The token unlock pace will rebound in November and December, only to plummet for the next eight consecutive months. It’s a bit of a rollercoaster, if you ask me! 🎠

Secondly, Pi Coin is likely to benefit from the ongoing crypto bull run. Bitcoin, that great big behemoth, has already leapt to a record high, just as we predicted (ahem, modest cough). And this rally could continue, with Bitcoin targeting a cup-and-handle target of nearly $150,000! A surge of this sort will likely lead to more gains among the altcoins, including our dear Pi Coin. 🚀

* The highest number of KYC-verified users * The largest…

— Dr Altcoin (@Dr_Picoin) July 9, 2025

And, let’s not forget, these apps will be supported by existing Pi Network products like Pi Ad Network, .pi Domains, and Pi Wallet. And, if they show substantial potential, they might even receive funding from the $100 million Pi Network Ventures! 💸

But, the icing on the cake, the cherry on top, the cream in the éclair (you get the idea) is that there’s still a slim chance that Pi Network will be listed by major exchanges like Upbit, Binance, and Coinbase. And, if that happens, well, it’s likely to trigger a major short squeeze! 🚨

Pi Network price analysis

Now, let’s take a gander at the daily chart, shall we? It appears that Pi Coin price has formed some rather contrarian patterns that could stimulate a rebound. There’s a double-bottom pattern at $0.40 and a neckline at $1.6625. And, if you look closely, you’ll spot a falling wedge chart pattern, a popular bullish reversal signal! 🔍

And, to top it all off, the Bollinger Bands and Average True Range are pointing to low volatility, which often leads to a short squeeze. So, if this happens, the next point to watch will be at $1, followed by the neckline at $1.6625. It’s all rather thrilling, if you ask me! 😲

Read More

2025-07-11 16:11