- Pi Network launches its first-ever PI Exchange-Traded Product (ETP), giving investors regulated exposure to the cryptocurrency.
- Pi Network (PI) shows signs of a 200% breakout, with tightening Bollinger Bands and bullish chart patterns.
- Double-bottom formation at $0.3235 confirms strong support and signals potential upward momentum towards $1.
Pi Network’s native token, PI, has finally emerged from a long-established downtrend, signaling a new surge of momentum after months of sluggish activity. However, the tightening Bollinger Bands predict a 200% surge from the current level.
At the time of writing, PI is trading at $0.3444 with a 24-hour trading volume of $29.63 million and a market capitalization of $2.75 billion. The PI price over the last 24 hours is up by 0.53%, and over the last week it is slightly down by 2.57%.
Source: CoinMarketCap
Also Read: Pi Network Price Prediction: $0.4145 in 10 Days, Potential for $2.26 by 2025
Pi Network’s First ETP Boost Institutional Adoption
According to the data from BSCN, Pi Network has hit a milestone with the release of the first Exchange-Traded Product (ETP) to be connected to the PI coin. ETPs provide investors with regulated exposure to an asset without owning it directly, which makes the PI more available to the conventional markets while providing credibility and regulation.
For the Pi Core Team, this is a breakthrough step in connecting the project’s vision with established financial infrastructure.
It could lead to increased liquidity, transparent price discovery, and increased adoption. For the global community of Pi, it is an important step on the path to legitimacy within crypto and conventional finance.
Pi Network (PI) Poised for 200% Rally Ahead
According to the technical analysis, PI is gaining traction as the price consolidates between the $0.32 and $0.33 range. After a long period of sideways trading, analysts are paying close attention as the asset is displaying various technical indications that often accompany large crypto market moves.
One of the clearest indications is the Bollinger Bands, which are tightening, the type of setup that usually indicates incoming volatility. Meanwhile, a double-bottom structure at the level of $0.3235 has formed, indicating that the buyers have twice defended the main support level.
Market watchers also note that the token’s structure appears consistent with Wyckoff accumulation, a pattern that indicates long-term investors may be building positions quietly.
Source: X
If PI manages to breach its next level of resistance, momentum may quickly shift in favor of the bulls. Technical estimates point to the possibility of a surge to the $1 level, which would be almost a +200% jump from current levels. Such a breakout may also revive general interest on the part of investors in Pi Network, which has frequently been controversial and highly popular.
Also Read: Pi Network Price Prediction: Will Pi Drop to $0.28 or Surge to $0.60?
