Pi Network Price Prediction: Unexpected big pump of 30% in one night, with volume surging aiming for 0.5 USD?

Pi Network price prediction shows that PI coin has surged by 30% overnight, reaching $0.29, with a trading volume increase of 1,150% over the past 24 hours, supporting the bullish narrative. However, the project's prominent supporter Dr Altcoin warns that this may be a result of market manipulation rather than an increase in buying interest from market participants.

Overnight pump of 30%, volume skyrocketed by 1150%

Pi coin surged 30% overnight, reaching $0.29. Such extreme price fluctuations are not uncommon in the cryptocurrency market, but combined with the data showing a 1,150% increase in volume over the past 24 hours, the abnormality of this surge has drawn market attention. The 1,150% surge in volume indicates that the scale of funds inflow is 12.5 times the usual, and this level of trading activity typically accompanies significant news or market events.

However, the most confusing aspect of the Pi Network price prediction is that the project has not released any announcements that could trigger today's strong rebound. Recently, Pi simplified its migration process so that miners can complete the required KYC procedures to transfer their assets to the public mainnet. But this improvement was announced weeks ago and theoretically should not suddenly cause such a drastic price reaction now.

The source of the volume is also worth noting. Normally, when a cryptocurrency experiences real buying demand, trading activity should be distributed across multiple exchanges and trading pairs. However, if the volume is highly concentrated on a few platforms, it may suggest the possibility of artificial manipulation. This is precisely the core argument of Dr. Altcoin's warning.

Based on historical data, Pi coin has been in a long-term downtrend since October 13, with prices continuously retreating from their peak. This sudden 30% rebound may indicate one of two scenarios: either an early signal of a trend reversal or a technical rebound within the downtrend. Determining which scenario is valid requires observing subsequent volume and price trends.

Dr Altcoin warns of market manipulation risks

Prominent supporter Dr. Altcoin warns that this could be the result of market manipulation rather than an increase in buying interest from market participants, and his X account has over 47,000 users. This warning comes from a supporter rather than a critic, which adds to its credibility. Dr. Altcoin emphasizes that the volume is concentrated in a few centralized exchanges (CEX), which increases the likelihood of market manipulation.

Market manipulation is not uncommon in the cryptocurrency space, especially for tokens with relatively low liquidity. Common manipulation tactics include “Pump and Dump,” where manipulators buy in large quantities to drive up the price, attracting retail investors to follow, and then sell off at the highs to profit. Another tactic is “Wash Trading,” where the same entity trades between accounts they control to create the illusion of active trading.

Typical Characteristics of Market Manipulation:

Volume Concentration: Most trades occur on a few exchanges.

Abnormal Price Fluctuations: Prices fluctuate sharply in a short period of time, lacking fundamental support.

Lack of News Catalysts: Prices are soaring but there are no obvious positive news.

Imbalance in Buy and Sell Orders: The order book shows an unnatural distribution of buy and sell pressure.

Dr. Altcoin's warning reminds investors to be cautious about sudden price pumps without clear fundamental catalysts. Nevertheless, he also acknowledges that, unless there is evidence to the contrary, this could be an early signal of an impending rebound. This balanced perspective shows that even project supporters are rationally assessing market dynamics rather than being blindly bullish.

For Pi Network price predictions, the possibility of market manipulation means that the current pump may not be sustainable. If this surge is indeed the result of human manipulation, then once the manipulators complete their selling, the price could quickly drop back down, possibly even below levels seen before the pump. Investors should closely monitor whether the volume remains consistent and whether the price can hold above $0.29.

Technical Analysis: The Significance of Breaking the 200 EMA

(Source: Trading View)

The 4-hour chart shows that once the Pi coin reaches $0.29, selling pressure increases. This phenomenon is known as a “resistance level” in technical analysis, meaning that a certain price level has historically blocked price increases multiple times. $0.29 may be an area where previous trapped positions are concentrated, and when the price returns to this level, investors who were previously trapped choose to exit, causing selling pressure.

The rise of Pi coin today may perhaps be explained by a short squeeze, as Pi coin has reversed its long-term downtrend since October 13. A short squeeze occurs when a large number of short sellers (bears) find that prices begin to rise, forcing them to cover their positions to stop losses, and the covering itself is buying, which further drives up the price, creating a chain reaction. If this rise is indeed triggered by a short squeeze, then the upward momentum may naturally end after the shorts have covered.

In addition, the token has broken through the 200-period Exponential Moving Average (EMA). This is an important technical signal in Pi Network price predictions. The 200-period EMA is a key indicator of long-term trends, and a break of this moving average is often seen as a confirmation of trend reversal. If buying interest accelerates, this technical indicator may now become a support level, meaning that there may be buying support at this level when the price retraces.

However, if this pump is the result of market manipulation, we expect a deeper pullback in the short term. In this case, the 200 EMA may not provide effective support, and the price may fall back below this moving average, returning to a bearish trend. Therefore, observing whether the PI coin can stabilize above the 200 EMA in the next few trading days is key to determining whether this breakout is valid.

Feasibility of 0.38 dollars and 0.5 dollars target

On the contrary, if the PI exceeds the $0.30 mark, the pump may continue to $0.38, indicating that the coin has a 54% bullish potential. $0.30 is a psychological barrier and a key resistance level in technical terms. A strong buying support is needed to break through this level, and if successfully broken and confirmed, it will open up the bullish space towards $0.38.

The target of 0.38 USD is not set arbitrarily, but is based on the extension rules of technical analysis. From the price chart, around 0.38 USD could be an important resistance or support level from the past, and these historical price levels often play a role again in future price trends. A 54% upside potential is very attractive for short-term traders, but achieving this target requires a sustained increase in volume and alignment with the fundamentals.

Although the likelihood of pushing to $0.50 at that time seemed low, the possibility of this move could increase, depending on whether the rebound is a result of certain positive project-specific news. $0.50 implies a pump of about 72% from the current price, and such a level of increase typically requires strong fundamental catalysts.

Potential Catalysts for Reaching the $0.5 Target:

Major Partnership Announcement: Strategic collaboration with mainstream enterprises or financial institutions.

Mainnet Ecosystem Breakthrough: Decentralized applications (dApps) launched on the Pi Network and gained a large number of users.

Exchange Listing: Login to top-tier CEX exchange

Regulatory Clarity: Achieving clear regulatory recognition or compliance status

Without these catalysts, the likelihood of reaching the $0.50 target within this week is lower. Investors should maintain realistic expectations and focus on the closer targets of $0.30 and $0.38.