Pi Coin Shows Unusual Strength, Traders Eye Whale Activity
Pi Coin (PI) is quietly showing signs of strength, and this time, it’s not coming from social media hype.
While Pi’s social dominance has been slipping, the price has risen for seven straight days, with trading volume hitting $8 million on Monday—the highest in nearly three weeks. That’s a rare disconnect for Pi, which usually moves in step with online chatter.
Analysts suggest that larger holders—so-called whales—may be positioning themselves early, potentially anticipating a bullish move. For a token often questioned for its adoption, this kind of activity could hint at bigger developments ahead.
Retail participation remains low, reinforcing the idea that whales are driving the recent volume surge, likely preparing before the broader market catches up.
What On-Chain Data Suggests
The on-chain signals line up with a technical setup. Pi Network appears to be forming an ascending triangle, a pattern often associated with breakouts. Its last test of lower resistance acted as a springboard, bringing attention to the upper resistance level around $0.215.
Momentum indicators are mixed:
MACD is edging higher, suggesting momentum is building.
RSI, however, has stalled just above neutral territory—the first time since November—showing that strength may not yet be enough for a full breakout.
If the pattern plays out fully, Pi could see a 13% rise toward $0.24, with a longer-term target near $0.2725, roughly a 30% gain from current levels. Broader retail participation will likely be key to reaching those levels.
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