Pi Coin (PI) Nears Breakout — Bulls Eye Major Upside Move
Pi Coin (PI) is approaching a significant breakout, with technical indicators pointing to an imminent price surge. As the asset consolidates within a symmetrical triangle, bullish momentum continues to build, signaling potential gains for traders.
With PiWallet’s upcoming token launch in March and its beta release in April, the Pi wNetwork ecosystem is set to expand further, strengthening its DeFi and Web3 capabilities.
PI Technical Analysis — Symmetrical Triangle Breakout Ahead?
Key Takeaways:
✅ Breakout Nearing: Pi Coin consolidates within a symmetrical triangle, approaching the apex. ✅ Bullish Wave Structure: Elliott Wave analysis suggests an imminent upward continuation. ✅ Fibonacci Targets: Key resistance levels indicate potential for an extended rally.
Pi Coin’s 1-hour and 15-minute charts indicate the formation of a bullish impulse wave, signaling potential upside. RSI levels remain neutral, suggesting neither overbought nor oversold conditions, while Fibonacci extensions highlight key price targets.
📈 PI Price Analysis
Pi Coin’s symmetrical triangle pattern follows an extended impulsive wave, which suggests that the asset is preparing for the next leg up in its cycle.
🔹 Support Levels: Holding above $1.46 remains crucial for maintaining bullish momentum. 🔹 Resistance Levels: PI must break $1.64 first before targeting $1.79 — $1.87. 🔹 Breakout Probability: Strong buying pressure and PiWallet’s upcoming ecosystem expansion could support sustained bullish movement.
PIUSD
PiWallet Expansion & PiWT Token Launch
PiWallet, the first Web3 wallet on Pi Blockchain, is set to launch its beta version in April, introducing key features like:
✨ Portfolio Management ✨ DApps Browser ✨ Swap DEX ✨ DeFi Staking & Yield Farming
Additionally, PiWallet’s native token, PiWT, is launching in March on BSC before migrating to the Pi Network. This token will power staking, rewards, and liquidity within the PiWallet ecosystem, enhancing Pi Network’s growing DeFi infrastructure.
Final Thoughts — What’s Next for PI?
✅ Technical indicators favor a breakout above $1.64. ✅ Upcoming PiWallet and PiWT token launches add fundamental support. ✅ Holding above $1.50 is critical for sustained bullish momentum.
With Pi Coin nearing a breakout and PiWallet expanding its ecosystem, the next few weeks will be pivotal in shaping the future of Pi Network’s DeFi landscape.
📢 Stay tuned for updates on Pi Coin’s price action and PiWallet’s launch! 🚀
