Pi Network’s token price continues to consolidate within a narrow range after its recent rally lost steam. However, renewed buying activity from one of the project’s largest holders and the emergence of a bullish technical pattern suggest a potential rebound may be on the horizon.
Whale accumulation hints at recovery
Pi Network (PI) was trading around $0.2240 on Friday, maintaining a tight range over the past few sessions. The token remains down more than 90% from its 2025 peak, but recent whale activity may signal a shift in momentum.
According to data from PiScan, the network’s largest whale has accumulated over 5.3 million tokens in the past nine days following a two-month pause. This investor now holds approximately 371 million PI tokens worth more than $82 million despite enduring losses exceeding $40 million as the price plunged to record lows in October.
The renewed accumulation suggests growing confidence in a potential price rebound over the medium term.
Ecosystem progress supports sentiment
Beyond whale activity, Pi Network’s development efforts are also boosting optimism. The project has begun deploying funds from its $100 million ecosystem program launched in May, including a strategic investment in OpenMind, an AI and robotics firm. The collaboration enables Pi users, or “pioneers,” to contribute to AI model training integrating blockchain participation with real-world applications.
Pi Network has also rolled out a testnet for decentralized exchanges (DEXs), liquidity providers, and automated market makers (AMMs). The upcoming mainnet launch is expected to support the deployment of these DEX platforms directly on the Pi blockchain.
Additionally, the project introduced an AI-powered KYC system, which has verified millions of users in recent months, accelerating the network’s path toward broader mainnet adoption.
Technical outlook points to bullish reversal
From a technical perspective, Pi Network’s daily chart shows a falling wedge pattern, a structure commonly associated with bullish reversals. The token has already broken above the wedge’s upper boundary, indicating a potential break-and-retest confirmation.
Momentum indicators such as the Relative Strength Index (RSI) and Percentage Price Oscillator (PPO) are trending higher, supporting the case for a near-term rebound.
If bullish momentum holds, PI could climb toward the $0.50 resistance level representing a potential 127% upside from current prices. However, a drop below the all-time low of $0.1493 would invalidate this bullish scenario.
Overall, whale accumulation, ecosystem expansion, and technical signals point to a possible turning point for Pi Network after months of sustained weakness.
