Is Pi Network Preparing for Recovery? This Fractal Says Yes

Date: Saturday, June 21, 2025 | 06:15 AM GMT The cryptocurrency market continues to show signs of a downturn as geopolitical tensions between Israel and Iran escalate. Ethereum (ETH), one of the leading coins in the market, has dropped significantly—from a monthly high of $2,877 to around $2,425. It is not surprising that this wave of volatility also affects altcoins, including Pi Network (PI), which is struggling due to increasing inflation pressure from the continuous unlocking of large tokens. In the past week, PI has decreased by 8%, extending the monthly loss to about 34%. But aside from the red candle, a potentially bullish fractal is emerging — this fractal is similar to the previous explosive price increase in May.

Fractal Indicates Upcoming Price Increase A closer look at the 4-hour chart of PI shows a structure similar to its price behavior in May 2025. At that time, this token was stuck in a multi-week correction and consolidation phase, quietly trading below the 100-period moving average (MA). Eventually, it broke above the MA 100, triggering a strong bullish rally of 170% that pushed it to test its long-term descending resistance trend line.

Back to the present: the setup looks almost identical. Once again, PI is consolidating in a broader downtrend, with price action drifting just below the MA 100 line. A similar coil is forming near the horizontal support area, and the current candle structure has been highlighted in the circular area — resembling the structure before the breakout from May. What is the next step of PI? If this fractal occurs, PI may prepare for another bullish effort, potentially targeting the $0.83 mark — where the long-term descending resistance trend line will come into play again. However, for this bullish scenario to be activated, PI must first regain the MA 100 ($0.5994) level with significant volume — just like it did in the previous rally. Until that happens, the setup is not yet complete, and traders should proceed with caution. With an unstable investor sentiment and high macroeconomic instability amid geopolitical tensions, clear confirmation is key before participating. A successful breakout above the MA 100 could mark a reversal of momentum, while a rejection here could lead to a deeper downtrend.