Pi Coin price is catching up with the rest of the altcoin market after registering a 4% gain within 24 hours to trade at $0.455 today, July 18. These gains have pushed PI above the resistance level of a falling wedge pattern to suggest that a 35% gain might happen.
Pi Coin Price Targets 35% Rally Amid Falling Wedge Breakout
Pi Coin might be close to making gains as it teases at breaking out from a falling wedge, a move that would indicate that a bullish reversal is about to happen, and more gains in the price are likely.
The looming bullish move from this pattern comes as the token reacts to the ongoing gains across the market that have led to the altcoin season index reaching 51, its highest level in nearly five months. As buyers shift towards altcoins that might be well-positioned to gain, the Pi Coin price may continue with the upward recovery and overcome the previous bearish trends.
This bullish Pi coin chart shows that the token might register a 35% rally that will be siimilar to the movement from the bottom of this falling wedge up to the resistance level. This will push the price to $0.64, where it will face the next resistance before the next phase of the rally commences if buying interest and market sentiment remain bullish.
You can read long term Pi coin price prediction curated by expert analysts to gain insights into high time frame charts.
The Stoch RSI hints that the ongoing gains could be a correction from the token being oversold, but it needs to move above 50 before traders can confirm that a bullish momentum is now in play. However, the movement of the Stoch RSI above the signal line has formed a buy signal, which, if traders react to, could also contribute to the rally.
However, the only way that this bullish forecast will play out is if the Pi Coin price can make a close above the resistance level of the falling wedge, failure to which it will go back to its downward movements. As CoinGape reported, Pi Network risks a crash to $0.26 if the sell-side pressure increases.
Open Interest Hits $25M
Pi Coin’s open interest has risen to $25 million, marking its highest level since early April 2025 per Coinalyze data. This increase is a sign that traders are opening positions on this altcoin, and as long as the price continues with the ongoing rise, this surge in OI could be bullish for the Pi Network token.
This increase will most likely be bullish if the traders that are opening positions on the token are longs betting that the Pi Coin price will rise. These positions will show a bullish market outlook that will likely fuel more gains.
In conclusion, the Pi Network price is at a pivotal point as bulls attempt to push the price above the resistance level of a falling wedge pattern, which will confirm a 35% surge towards $0.64. The rising open interest and ongoing gains across the altcoin market suggest this token can record such gains.
Frequently Asked Questions (FAQs)
Pi Coin price could rally by 35% if it breaks out of the falling wedge pattern and buying interest remains high.
The rising open interest is bullish for Pi Coin as it could drum up liquidity and create a bullish sentiment.
Pi Network price can reach $1 if buyers re-enter the market after it achieves its falling wedge target.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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