Pi Coin is facing key tests at a support level near $0.50, with signs of a potential upward movement becoming more evident.
Current Situation of Pi Coin
Despite recent selling pressure, the token is holding at a support level near $0.50. Two chart formations—the double bottom and a falling wedge—hint that bearish momentum may be fading.
Bullish Patterns and Potential Growth
The double bottom pattern, anchored at $0.4016, signifies a level Pi has not broken below twice since April. Meanwhile, a breakout from the wedge formation appears to be holding, with the price successfully retesting its upper trendline.
Wallet Data and Ecosystem Expansion
On-chain data adds another layer of optimism. Whale wallets have pulled more than 12 million Pi from exchanges in the last 24 hours, outpacing inflows by 1.7 million. This shift toward self-custody is often interpreted as a sign of accumulation and long-term confidence.
With strong technical patterns and fresh developments backing it, Pi Coin could be gearing up for a breakout—if bulls can hold the line.
