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The current price stabilization of the Pi Network may precede a significant surge, potentially leading to a short squeeze due to new listings on centralized exchanges and an anticipated rally in the cryptocurrency market.

Currently, Pi Coin is valued at $0.65, a price point it has maintained despite Bitcoin surpassing $90,000 and the total market capitalization of cryptocurrencies approaching $3 trillion.

There are three primary factors that could contribute to a short squeeze in Pi's value: the introduction of exchange listings, the forthcoming crypto rally, and the Consensus event.
Primary Factors That May Lead to a Short Squeeze in Pi Network Pricing
The recent decline of Pi Coin has proven advantageous for short-sellers, who have profited as its value dropped from $3 in February to the current $0.65.
Nevertheless, these sellers may soon face a short squeeze if the coin experiences a sudden resurgence, similar to past occurrences.

A notable instance of a short squeeze occurred with Stellar Lumens (XLM), which traded within a limited range of $0.075 to $0.16 for several months in 2024.

Subsequently, it skyrocketed by over 500% within a month following Trump's election, as illustrated in the accompanying chart.

The current consolidation aligns with the principles of the Wyckoff Theory, which describes the accumulation phase as a period during which an asset trades sideways while institutional investors gather positions.

Consequently, for the Pi Network price to experience a significant squeeze, it will require several key catalysts, the most prominent of which include: a listing on Centralized Exchanges (CEX), a potential rally in the cryptocurrency market, and the forthcoming Consensus event in Miami.

Pi Coin price is anticipated to be its listing on several major exchanges, particularly tier-1 platforms such as Coinbase and Binance.

Additionally, HTX has indicated that it will soon include Pi in its listings. This development could trigger a substantial short squeeze, similar to what has been observed with other tokens like Orca and DeepBook.
Cryptocurrency Market Surge and Consensus Conference
Moreover, the price of Pi Coin may experience a substantial increase due to the anticipated rally in the cryptocurrency market.

Several prominent analysts have raised their optimistic forecasts for Bitcoin, with Robert Kiyosaki predicting a price of $180,000.

A prolonged rally in BTC prices could further enhance the value of other altcoins, including popular ones like Pi Network.

Additionally, the forthcoming Consensus event in Toronto is expected to contribute to the rise in Pi's value, as Pi is a significant sponsor and its founder, Nicolas Kokkalis, is scheduled to speak.

This presents an opportunity for him to engage in negotiations with other attendees, including representatives from leading centralized exchanges.
Potential Price Targets for Pi Network
This week, Pi Network has remained within a narrow trading range, contrasting with the upward movement of other tokens.

On a positive note, indications suggest the formation of a slanted double-bottom pattern, with its neckline positioned at $0.7840, marking its peak for the month.

Typically, a double-bottom pattern precedes a significant price increase. Furthermore, there are indications that Pi Network is currently in the accumulation phase as per Wyckoff Theory.

Following this phase, the token is expected to transition into a mark-up stage characterized by greater demand than supply.

If this analysis holds true, the most probable forecast for Pi Network is an initial ascent to the neckline at $0.7838,

followed by a target at the psychological threshold of $1. A breakthrough above this level would suggest potential for further price appreciation.

Nevertheless, there is a risk that the token has developed a rising wedge pattern, which may result in further declines as token unlocks proceed.

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