Key Insights:
- Pi Coin trades at $0.74 and may rally 20% to $0.92 if it breaks out of a symmetrical triangle pattern.
- Pi Network open interest has surged to $21M, rising by $2.9M in 24 hours, indicating growing trader confidence.
- The 200-day SMA acts as resistance; reclaiming it could lead Pi Coin to target the 50-day SMA at $0.77.
Pi Coin price is currently trading at $0.74, and it is getting close to a key technical level that could start a big price movement. Chart analysis showed that the token is moving in a symmetrical triangle, an indicator of uncertainty in the market for a short period. A breakout of this range may result in a 20% rise, reaching $0.92.
Pi Coin Price Symmetrical Triangle Pattern Suggests Reversal
Notably, the chart pattern on the 4-hour timeframe showed Pi Coin rebounding from the triangle’s lower support line. This bounce indicated an effort by bulls to maintain price stability and push toward the upper resistance line. If Pi Coin can close above this resistance, it would confirm the breakout and may lead to a rally to $0.92.
In addition, the symmetrical triangle formation is approaching its endpoint. A breakdown, however, would shift the target to lower levels, potentially dragging Pi Coin below $0.61. For now, the technical setup remains valid as long as the lower boundary holds and the upper line stays intact as resistance.
200-Day SMA Remains the Key Resistance Level
More so, the 200-day simple moving average (SMA) is a crucial resistance for Pi Coin. The price has attempted to retest this level multiple times but has not yet managed to establish it as support. Historically, a breakout above the 200-day SMA has preceded price rallies, making this a crucial level for Pi Coin.
Hence, if bulls reclaim the 200-day SMA and sustain price action above it, the next area of interest would be the 50-day SMA. This moving average is currently positioned near $0.77 and could act as a near-term resistance before any advance toward the $0.92 breakout target.
Moreover, Pi Coin 24-hour trading volume currently stands at $97 million, suggesting neutral sentiment across the market. This volume is consistent with a consolidating market, where neither buyers nor sellers are dominating. A spike in volume during a breakout may likely confirm the strength and direction of the move.
Pi Coin Open Interest Surge Reflects Trader Commitment
Meanwhile, Pi Coin open interest has reached $21 million, reflecting increased capital deployment by derivatives traders. Over the past 24 hours, open interest has grown by $2.9 million, even as the token faced downward pressure earlier this week. Consequently, this trend signaled sustained speculative interest in Pi Coin and suggested traders are positioning for a price move.
Besides, the increase in open interest followed the launch of Pi Coin futures on Kraken. This development expanded the asset’s access to institutional and retail futures markets. With more traders entering positions, market liquidity has improved, which could influence short-term volatility and support the breakout scenario.
264 Million Tokens Set to Flood Market as June Unlock Nears
In June 2025, Pi Network faces a pivotal moment as 264 million Pi tokens are set to be unlocked, marking the year’s largest release. This scheduled unlock has raised market concerns due to its potential to increase token supply and intensify selling pressure.
With Pi Coin currently trading around $0.74, down from its recent $1.50 high, investors are growing cautious. The declining trading volume, now at $135 million from a peak of $1.7 billion, showed dropping market confidence. Analysts suggest the upcoming token unlock could further suppress prices unless countered by strong demand or new utility-driven developments within the Pi ecosystem.
The symmetrical triangle pattern, rising open interest, and a key technical resistance at the 200-day SMA suggest that Pi Coin is currently in a consolidation zone. This setup indicates potential for a short-term rally.