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The Pi Network price surged 13% in the last 24 hours to trade at $0.4194 as of 11:20 p.m. EST on trading volume that soared 200% to $293 million.
PI Coin has risen 17% over the past week. Could this recent rebound be an early signal of a near-term rally?
Pi Network Price Breakout Hints At Short-Term Bullish Reversal
The PI Coin price on the daily timeframe shows a prolonged downtrend that has been forming a falling wedge pattern since late April, which acts as a bullish reversal pattern.
The Pi Network price recently touched the lower boundary of the wedge at point C ($0.33 acting as support) and has since bounced upward, breaking through the short-term resistance line of the wedge.
This breakout suggests the potential for a trend reversal, but the price of Pi Network is currently facing resistance near the 50-day Simple Moving Average (SMA) at $0.4566.
Meanwhile, the Relative Strength Index (RSI) is currently at 50.56, indicating a neutral momentum with neither overbought nor oversold conditions. However, the RSI has been trending from the oversold level, which shows that buying pressure is picking up.
The Moving Average Convergence Divergence (MACD) has made a bullish cross, with the blue MACD line turning positive at 0.0068 and crossing above the orange signal line, signaling a potential upward momentum shift.
If the price of PI Coin can sustain above the wedge resistance and break decisively above the 50-day SMA, a short-term rally toward the $0.55–$0.60 range is likely.
PI/USD Chart Analysis (Tradingview)
Failure to hold above the breakout level could lead to a retest of the $0.33 support zone on the lower boundary of the wedge.
Meanwhile, investors are piling into a new meme coin called TOKEN6900 (T6900), which popular YouTuber Jacob Bury, with almost 56k subscribers, says might soar 10X after launch.
TOKEN6900 Presale Races Toward $2 Million
Token6900 takes a contrarian approach to crypto investing. While many new tokens launch with a focus on utility or community governance, T6900 explicitly rejects traditional value propositions.
Instead, it positions itself as a satirical commentary on financial speculation, poking fun at the illusion of wealth and the performative nature of meme investing.
The token’s fixed supply, 930,993,091 tokens, includes only one more token than SPX6900, a meme coin sensation with a market cap of $1.7 billion.
Inspired by 2000s nostalgia and ’69 energy, it makes it clear that it has no utility. It doesn’t track GDP, oil reserves, or corporate earnings. Instead, it tracks what it calls “vibe liquidity.”
It’s not built on fundamentals, but rather on delusion, irony, and the collective hallucination of terminally online traders.
breathe in. buy token6900. breathe out. pic.twitter.com/UY5AWyKiFY
— Token6900 (@Token_6900) August 7, 2025
It has a hard cap of $5 million and a massive 80% of the total token supply is available for its presale. With the presale now garnering over $1.76 million, T6900 is closing in on its launch.
Priced at $0.0069, you can buy T6900 tokens with ETH, BNB, USDT, USDC, or a bank card. The end price is $0.007125, so there’s no time to lose before the price starts to rise and the hard cap is reached.
Investors looking to secure the best deal will want to buy before the next presale price hike in less than 20 hours.
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