Pi Network (PI) Jumps 6% — Could This Breakout Lead to More Gains?

Key Takeaways

• PI has broken out of a descending broadening wedge, signaling a potential short-term trend reversal.
• Holding above $0.1420 (former resistance + 50 MA) could confirm the breakout and open the path toward $0.2047.
• Failure to defend the $0.14 area may send price back into consolidation, delaying further upside.

In today’s crypto market, Pi Network (PI) has managed to stay in the spotlight with notable strength, even as majors like Bitcoin and Ethereum remain in the red with over 1% losses.

Meanwhile, PI has jumped roughly 6%, and more importantly, the latest chart structure suggests this move may only be the beginning.

Let’s take a closer look.

Descending Broadening Wedge Breakout Signals Trend Shift

On the 4-hour chart, PI spent the past few weeks consolidating inside a descending broadening wedge — a classic bullish reversal pattern that often appears near the end of prolonged pullbacks.

Price found strong demand near the lower boundary of the wedge around $0.1297, where buyers stepped in aggressively. That defense triggered a steady recovery, eventually leading to a clean breakout above the wedge’s descending resistance near $0.1420, which also aligned closely with the 50-period moving average.

Following the breakout, PI surged to a local high around $0.1527, where it faced resistance near the 100 MA — a typical reaction zone and often a precursor to a healthy breakout retest.

So far, this price behavior fits the textbook breakout playbook.

What’s Next for PI?

From a technical perspective, the structure remains constructive.

In the near term, PI may look to retest the breakout zone around $0.1420 and confirm it as new support — a common and healthy move after wedge breakouts.

If buyers manage to hold above:

• the former resistance turned support near $0.1420
• and the 50 MA

then the next key hurdle sits near $0.1527 (local high + 100 MA).

A successful reclaim of this area would strongly validate the breakout and could open the door toward the projected upside target around $0.2047, representing a potential 40% move from current levels.

Momentum traders will be watching closely to see whether volume expands on any push back above $0.1527 — a sign that bulls are ready for continuation.

Key Risk to Watch

While the breakout is encouraging, it still needs confirmation.

If PI fails to hold above the former wedge resistance and slips back below the $0.14 area, price could fall back into consolidation, delaying the next leg higher. A sustained move back inside the pattern would weaken the bullish thesis in the short term.

For now, however, buyers appear firmly in control — defending the breakout and keeping momentum tilted to the upside.