Pi Coin Price Prediction: Bollinger Bands Explode Tight – Wyckoff
0Pi Network
Price Prediction
Technical Analysis
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Wyckoff setup flashes on PI charts – Pi Coin price prediction now teases a major rally as volatility eases.
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Harvey Hunter
Content Writer
Harvey Hunter
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Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
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Last updated:
10 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
A tightening Bollinger Band formation on Pi Network’s daily chart is flashing early signs of a breakout, adding fuel to bullish PI coin price predictions.
Despite ongoing token unlocks, the market appears to be absorbing the supply with increasing demand, forming a solid support base around $0.34.
At the macro level, weaker-than-expected August labor data has reignited investor optimism for aggressive Fed rate cuts – a shift that could trigger major upside across altcoins like PI.
Markets now place 100% odds of U.S. interest rate cuts two weeks away, and a base-case of 75 bsp before year-end, with the potential to stimulate new demand for risk assets like Solana.
Boilinger Bands Tighten for Explosive Wyckoff Setup.
Support found at $0.34 could be the next PI coin price floor as Bollinger bands point to easing volatility, narrowing over the past few weeks.
In most cases, the narrowing spread leads to a short squeeze, as it did in early May just before an almost 200% rally.
However, this time around, the move could be much bigger with Pi Network flashing the accumulation phase of a Wyckoff setup.
This phase is characterized by low volume, sideways movement, and multiple tests of key resistance levels, as the PI coin has with its narrow consolidation between $0.34 and $0.40.
Once broken, the accumulation leads to a major markup, setting PI up for its next rally after a prolonged markdown.
PI Coin Price Prediction: Wyckoff Setup Points to New...
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