Pi Coin Dips, but Is a Big Comeback Just Around the Corner?

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Ah, Tuesday. The day Pi Coin decided it had enough of this “rally” nonsense and took a nap. Investors, realizing their pockets were too heavy with profits, decided to cash out, leaving the poor Pi Network (PI) token gasping for air.

At the time of writing, Pi Coin is trading at $1.1475, down 31% from its glory days just yesterday. This retreat, though painful for some, has bumped its market cap down to a modest $8 billion, still enough to earn it a comfy spot as the 19th biggest coin in the market. You can almost hear the market snickering.

Could Pi Coin’s Elliot Wave Be Pointing to a Comeback? (Spoiler: Maybe.)

Here’s where things get interesting. Enter the Elliott Wave theory, a trendy, mystical analysis method that claims to understand the waves of market emotions (if only we all could). According to this method, markets go through five stages during a bull market. The first, third, and fifth waves are typically euphoric, while the second and fourth? Well, let’s just say they’re like the brakes on a runaway train.

Looking at the eight-hour chart, we see Pi Network’s price soared from a low of $0.5572 to a high of $1.6638 earlier this month—an impressive 200% surge. Oh, did we mention we predicted that here and here? But we’re humble about it. Anyway, that rally marked the first phase of Elliott’s wave and ended at the 50% Fibonacci retracement level. Whatever that means.

Then came the retreat, of course. Pi Coin hit the bottom at $0.9105 on Tuesday, forming the second Elliott Wave. Now, if the stars align and the cosmic waves cooperate, we could see the coin surge all the way to $2.455—a solid 116% jump from here. It’s like watching your slow cousin race against a cheetah and suddenly, out of nowhere, break a record.

And wait, there’s more! Pi Network could also be quietly crafting a bullish pennant pattern—basically, a fancy way of saying it’s drawing some pretty nifty triangles. If these two lines get too close, it might break out and take us all by surprise. A true underdog story. 😎

The Buzz: Pi Network’s Secret Sauce for a Comeback

So, what’s the deal? Why might Pi Coin make it to the third wave? Well, there’s been talk of a big announcement at the Consensus event in Toronto. That’s right, the developers have teased something huge—but they won’t say what. Very mysterious, like that one uncle who always promises to “tell you later” and never does.

But seriously, there’s some juicy speculation. A listing on a big exchange like Binance, Coinbase, Upbit, or HTX could be in the cards. In fact, HTX has been dropping cryptic X posts with a Pi logo, which could mean something’s brewing. Or maybe they just like Pi. Who knows?

Which crypto’s are refueled & ready? 🚀

— HTX (@HTX_Global) May 13, 2025

But wait, there’s more. Pi Network could potentially incentivize developers to build using its technology—something Avalanche, Sonic, and Cronos are already doing. If Pi’s ecosystem really starts buzzing, it could mean more fees and token-burning action. Sounds like a good time for anyone holding onto their Pi tokens, right?

Pi’s developers have dropped some hints, mentioning that the upcoming announcement will be focused on the “ecosystem.” This is likely a move to steer clear of the exchange listing drama, as those typically come directly from the exchanges, not cryptic developer teasers.

And lastly, let’s not forget the great token unlock drama. Could Pi Network ease the nerves of its holders by announcing a massive burn? The Pi Foundation does have billions of tokens in its vaults, and such a burn could lower the supply and reduce panic. A move that would calm those worried about token unlocks—and maybe bring some cheer to this somewhat grumpy market.

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2025-05-13 19:58