Pi Network has been locked in a downtrend since late May, but recent price action reinforces the case for a parabolic comeback on the PI coin price outlook.
The effects of continued inflation have weakened as the market absorbs the excess supply of token unlocks with a rise in demand for the altcoin, up 18% on the week.
Macro conditions remain the driving narrative. Softer-than-expected inflation data has strengthened expectations for sooner and larger interest rate cuts.
Speculators now anticipate up to three cuts before year-end, starting as early as September, with the potential to stimulate new inflows into risk assets like cryptocurrencies.
Pi Network Could be Sidelined if CEXs Don’t Deliver
While catalysts are building for fresh retail inflows into cryptocurrencies, Pi Network remains sidelined, with the demand of major Centralised Exchanges (CEXs) still untapped.
Rumours of a potential August 15 listing continue to circulate, but key fundamental barriers remain for Pi Network to qualify despite on-chain activity suggesting preparation for a listing.
The Pi Network blockchain is not fully open-source, lacks a third-party security audit, and may not have established direct collaboration with Binance, all of which block a potential approval.
If these rumours fail to deliver, sentiment could be shaken, posing the threat of a potential sell-off from short-term speculative traders.
PI Coin Price Analysis: Breakout Could Trigger 10x Surge to $4+
Pi Network looks ready to stage a major comeback, with the price now threatening to break free from the descending channel that has capped gains since early June.
With $0.40 emerging as a strong support zone, PI is already making a push toward the $0.44 breakout threshold.
Momentum indicators are turning in favor of the bulls – the RSI has bounced from recent lows and is climbing steadily, while the MACD remains above the signal line, signaling sustained buying pressure.
A confirmed breakout above $0.44 could open the path to key resistance zones at $0.88 and $1.66.
Clearing these levels would be a major technical win, unlocking a run toward $3 (Pi’s previous high) and setting the stage for a breakout into new territory.
From there, the next target sits at $4, which would mark an impressive 10x rally from recent lows.
With market sentiment improving and traders rotating into high-upside altcoins, Pi could be one of the biggest gainers of the coming months if bullish momentum holds.
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