Date: Tue, July 22, 2025 | 07:10 AM GMT
The cryptocurrency market is taking a breather today after a strong multi-day rally, with Ethereum (ETH) slipping over 2% following a 24% gain over the last week. While most major altcoins are cooling off, Pi Network (PI) is drawing attention after lagging behind with prolonged weakness — and now flashing a possible bullish reversal.
PI has climbed 7% in the past 24 hours after a persistent 90-day decline, largely driven by inflationary pressures from large daily token unlocks. But more importantly, a potentially bullish fractal pattern is taking shape — one that mirrors PI’s explosive rally from May.
Source: Coinmarketcap
Fractal Suggests Bullish Move Ahead
On the daily chart, PI’s current setup looks nearly identical to its May 2025 price action. Back then, the token traded quietly within a falling wedge formation for weeks, sitting under the 100-period moving average (MA). Once it broke above the wedge and cleared the 100 MA, PI launched a powerful 144% rally, testing its long-term descending trendline resistance.
Pi Network (PI) Daily Chart/Coinsprobe (Source: Tradingview)
Now, a similar formation is unfolding. After grinding lower along its long-term descending trendline and consolidating within another multi-week falling wedge, PI has broken upward and is now pressing against the critical 50-day MA at $0.5319 — the very level that triggered its explosive rally back in May.
What’s Next for PI?
If the fractal continues to repeat, a breakout above the 50-day MA could trigger the next leg higher. The first target sits at the 100-day MA near $0.6243, representing a potential 27% move from current prices. Beyond that, it could unlock even stronger momentum.
However, confirmation remains key. Without a decisive breakout above the 50-day MA, PI may remain trapped in consolidation.
