4 Minutes
Pi Network price may be carving a bottom with a classic bullish setup
Market action for Pi Network (PI) is beginning to show the characteristics of a bullish reversal after an extended corrective phase. Chart structure is coalescing into a rare Adam and Eve formation — a respected pattern among technical analysts — while price holds above a high-volume support zone that suggests growing buyer interest. At the same time, regulatory progress tied to MiCA compliance and efforts to list on EU-regulated exchanges are drawing renewed attention to the token and its outlook.
Technical snapshot
Key technical points
- Adam and Eve reversal pattern appears to be forming on the chart
- Price trading above the point of control (POC), signaling demand
- Neckline resistance sits near $0.21–$0.28; breakout target toward $0.35

PIUSDT (6H) Chart
What the Adam and Eve pattern indicates
The Adam and Eve setup is a two-part bullish reversal. The initial leg — the "Adam" — is a sharp, often volatile decline followed by an aggressive rebound. The second leg — the "Eve" — typically forms a rounded, more gradual bottom as buying interest re-emerges. In Pi Network’s case, the chart shows a pronounced initial sell-off and a developing rounded base, which together can signal that distribution is ending and accumulation is beginning.
A meaningful element supporting this interpretation is that price remains above the range’s point of control, the price level with the highest traded volume. When the market trades above the POC, it often reflects that buyers are absorbing selling pressure. That accumulation dynamic can provide the foundation for a trend change if sustained by volume and macro market conditions.
Neckline, breakout criteria and targets
Neckline and confirmation
The pattern’s confirmation requires a decisive break above the neckline. For Pi Network, that resistance band is located roughly between $0.21 and $0.28 — an area where previous rallies stalled. A breakout through this zone, ideally accompanied by a surge in volume, would validate the Adam and Eve reversal and increase the probability of further upside.
Price targets
Once the neckline is cleared, technical targets point toward the $0.35 region as the next significant level. That target represents a logical resistance based on prior price action and would mark a meaningful retracement from the recent lows. Traders and crypto investors should watch volume and order flow to gauge the strength of any breakout.
Context and market drivers
Technical signals do not exist in isolation. Pi Network’s recent statement that it satisfies MiCA requirements and its push for regulated EU exchange listings could act as a catalyst if sentiment turns positive. Broader market dynamics — including macro news, U.S. regulatory developments, and altcoin rotation — will shape the pace and sustainability of any recovery.
Many altcoins tend to accelerate once confidence returns to the broader crypto market. If Pi Network’s rounded bottom consolidates into a confirmed Adam and Eve reversal, it could attract additional speculative interest, especially from traders hunting early-stage recovery setups.
Near-term outlook and risk considerations
As long as PI holds above the POC and the rounded bottom persists, the chance of completing the Adam and Eve formation grows. However, failure to break the $0.21–$0.28 neckline or a drop below the POC would invalidate the bullish thesis and could reopen lower support tests. Market participants should combine technical analysis with on-chain data, volume analysis, and news flow — including regulatory updates — before sizing positions.
In summary: Pi Network’s price action is showing early signs of a bottom. A confirmed breakout through the neckline would be a strong technical cue that the market is shifting from distribution to accumulation, with $0.35 as an initial target on a successful reversal.
Source: crypto
Comments
Reza
Feels a bit optimistic to me, $0.35 target is doable tho if breakout has real volume. Keep an eye on MiCA news, that could flip sentiment fast
blockmint
Hmm, Adam and Eve pattern, POC holding, sounds neat but are the EU listings really that close? Volume needs to spike or this stays choppy. Not sold yet
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