Pi Network Price Faces Crunch Moment as Bulls Eye Big Reversal

After weeks of bleeding, Pi Network’s token might finally be gearing up for a bounce. The coin dropped below $0.55 this week, wiping out more than two-thirds of its value since May. But traders are watching closely — a classic bullish pattern is quietly shaping up.

And with Pi Day 2 just days away, the timing couldn’t be more interesting.

A Falling Wedge Could Flip the Script

For technical traders, falling wedges are like a wink from the market. Subtle, but promising. Pi Coin’s eight-hour chart now shows this familiar formation. Two downward-sloping lines, slowly getting closer.

The pattern usually ends with a bullish breakout.

That convergence is now just inches away — visually speaking. It’s not just trendlines, either. The Bollinger Bands are squeezing in, a sign that volatility has hit the brakes. Even the Average True Range (ATR), a volatility measure, has dropped off a cliff.

But traders are leaning bullish — and here’s why.

• The wedge pattern is nearing its apex.

• The Bollinger Band squeeze suggests a breakout is close.

• Volatility indicators are at multi-week lows, typically a precursor to a big move.

• A break above the wedge resistance line could push the token to $1.

That target? About 84% higher than Friday’s price.

Still, if the price dips below this month’s lows, the bullish setup falls apart.

Pi Day 2: The Wildcard Traders Are Betting On

Here’s the kicker: all this is happening just before June 28 — Pi Day 2.

It’s not just a community celebration. There’s growing chatter that developers may use the day to announce something major. Maybe a new exchange listing. Maybe a full-blown phase 2 mainnet rollout. Maybe something nobody expects.

Right now, none of that is confirmed. But crypto doesn’t wait for press releases.

Pi Network has been under fire from users after its underwhelming mainnet launch and the absence of major listings. But it still holds an enormous base of supporters — millions, in fact — who’ve been waiting since the earliest mobile mining days.

Some say this is Pi’s “make or break” moment.

Why Sentiment Around Pi Has Soured

Let’s not sugarcoat it: the Pi community has had a rough year.

The token rallied into its mainnet buzz — then collapsed. From the outside, it looked like classic buy-the-hype, sell-the-news behavior. Inside the community? Frustration brewed as the promised major listings didn’t happen.

Back in May, Pi was trading over $1.60.

Today, it’s bouncing around $0.54.

Even with all the on-chain mining and hype, real trading volume is thin. Most big exchanges haven’t touched it. Some are still waiting on compliance or KYC improvements. Others simply don’t want to take the risk.

For long-time holders — some of whom mined Pi for years without a clear valuation — the crash was a brutal reality check.

Still, not all hope is lost.

Meanwhile, Bitcoin Pepe Grabs the Spotlight

While Pi has struggled, another oddball project is stealing some of its thunder: Bitcoin Pepe (BPEP).

This new meme-driven project is riding high on a different kind of energy. Instead of being a one-off joke coin, it’s trying to build a layer-2 network specifically for meme coins — and do it on top of Bitcoin.

That’s not just gimmickry. Bitcoin scaling has been a hot topic all year, with new solutions like Babylon and Lombard Finance attracting serious investment. Ordinals have stayed strong too, despite volatility.

Bitcoin Pepe seems to have struck a nerve.

Investors have already poured in over $15 million. For a meme project, that’s big. The next step? A major exchange listing, likely in July or August, that could take BPEP into the broader spotlight.

For some retail traders, it’s already looking more attractive than Pi.

Comparing the Two: Where’s the Smart Money Going?

It’s not really apples to apples — Pi and BPEP serve different niches — but let’s lay the facts out side-by-side:

Pi still has the numbers, but BPEP has the buzz.

What Traders Should Watch Next

This week’s going to be crucial.

First: keep an eye on the wedge breakout. If Pi moves above that upper line with volume, $1 could be back on the cards.

Second: listen for leaks. If Pi’s team has anything big planned for June 28, whispers might start making the rounds.

Third: watch Bitcoin Pepe listings. If BPEP lands on a big-name exchange, expect a sharp price reaction — and even more capital leaving slower projects like Pi.

Above all: volatility is creeping back into the space, and that always means opportunity.