PI Coin Value Eyes Breakout as Whale Bags 276M Tokens: Will Price Rally?

• Whale acquired 276M PI worth $180M as PI coin value coils in a triangle pattern.
• According to analysts, a triangle pattern has formed near $0.6500 that could drive prices up to $0.6586.
• Breaking above $0.6779 and $0.7137 might help the Pi price increase further.

PI coin value is consolidating near $0.6500 as bullish technical patterns and on-chain signals align. Experts are watching the rise of an ascending triangle, and PiScan has uncovered that cryptocurrency whales added over $180 million to their holdings. The supply on the exchanges is decreasing, and resistance is close, so the momentum is starting to turn. Furthermore, the structure on the chart is shrinking, and the price is getting close to a critical zone.

Pi Coin Value Triangle Structure Tightening Above $0.6285

Smart Pioneer and PiNetwork24x7 published visual charts that Pi Network is enclosed in an ascending triangle. The $0.6586 support coincided with a rising trendline coming from $0.6285. Smart Pioneer stated that a bullish reaction would be possible if the asset breaks out of the triangle with excellent momentum.

For this reason, PiNetwork24x7 characterized the setup as a “critical squeeze” and mentioned it might be fixed soon.

These formations often act as continuation setups. It shows a noticeable fall from $1.6700 to $0.6106. After a period of instability, the price seems to be leveling out above its previous lows and close to resistance. Relative Strength Index is 47, meaning the price might not fall as much soon. Both the MACD signal lines and the histogram bars are getting close to zero right now. They represent balance in momentum and hint that compression is coming to an end.

If the price overcomes $0.6586, it may shape the market positively and allow it to rise toward $0.6779 and higher.

Whale Inflows Grow as On-chain Supply Contracts

According to PiScan data, an address holds over 276 million PI tokens that were acquired in the last two months. The position is now worth nearly $180 million. In the last seven days, the address moved out 13.62 million coins from OKX, among them 7.38 million in just hours.

Such steady movement in a consolidation phase often points to an investment being set for the long run. With fewer coins available on exchanges, liquidity tightens. The change may make future buy-side pressure have a stronger effect on the price. The continual purchases of the address reflect an aim to be strategic over speculative when buying and selling property.

The decrease in circulating supply reinforces the idea of a technical breakout. An increase in the supply chain and strong bullishness usually comes before the market starts to rise. Analysts predict that a break above resistance, if there is volume, can affect the price.

PI Coin Value Approaches Resistance

Beyond static resistance levels, PI price faces dynamic resistance from multiple exponential moving averages. The $0.6779 support is slightly distant from the 50 EMA on the 4-hour chart, while the 100 EMA lies close to the $0.7137 mark. In May, these zones supported the trend, yet turned downward after the market dropped. They act as key resistance to the price as it tries to move upward.

Currently, prices are trading below all the main EMAs, indicating that the trend remains bearish. However, flattening slopes suggest sellers are weakening. MACD signal lines are still below zero but rising. The fading histogram signals reduced bearish energy.

These resistance layers matter technically. If the price is able to exceed $0.7137, this would be an important development, allowing bulls to try to re-enter the market.

Sideways Zone Holds as Volatility Compresses

The price of PI is still moving between $0.6285 and $0.6586. This band has remained intact for days. Volume is lower than average, consistent with market indecision. RSI is still below halfway, and the MACD is approaching confluence.

Despite low activity, the chart structure remains intact. The triangle is starting to complete, and its apex is not far away. Analysts believe that price may be approaching a turning point, yet confirmation is needed.

Meanwhile, bulls are currently focusing on the price rising above $0.6586 more and more actively. However, bears are looking for rejection at key resistance. Until resolution, PI coin value remains inside its range, quietly building tension.