- Pi Network price is poised for a 40% rally amid reports of a potential partnership with Stellar to launch a Pi Coin stablecoin, boosting its adoption and utility.
- A breakout from a falling wedge pattern suggests a bullish reversal, but buyers need to step in to push Pi Coin past the $1 resistance level.
Pi Network price is showing signs of a strong rebound, with analysts predicting a potential 40% rally. Reports suggest that Pi Network may be testing a Pi Coin stablecoin on the Stellar blockchain, a move that could significantly boost its adoption and utility. If these speculations materialize, Pi Coin may break out of its bearish trend and reclaim the crucial $1 level.
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Pi Network and Stellar: A Game-Changing Partnership?
Rumors are swirling that Pi Network is partnering with Stellar to launch a stablecoin designed to enhance transaction efficiency and stability. Community members have discovered smart contract codes hinting at this development, while some reports suggest that testing is already underway on Stellar’s mainnet.
This potential stablecoin would work similarly to USDT and USDC, providing a reliable value peg and increasing Pi Coin’s use cases in payments and decentralized finance (DeFi). The news follows Pi Network’s recent integration with Telegram, which was seen as a major step toward mainstream adoption.
Can Pi Network Price Rally by 40%?
Currently, Pi Network is trading at $0.824, after a slight 2.6% dip over the past 24 hours. The crypto market downturn and Pi Coin’s absence from major exchanges have contributed to its struggles. However, technical indicators suggest that a bullish breakout is on the horizon.
Pi Coin recently broke out of a falling broadening wedge pattern, which is typically a bullish reversal signal. If buying pressure increases, Pi Coin could rally toward $1.19, marking a 44% gain from current levels.
Despite this optimistic outlook, the Relative Strength Index (RSI) remains below 40, indicating that sellers still have the upper hand. Meanwhile, the Average Directional Index (ADX) suggests the current trend is weak, meaning a decisive breakout is needed for a sustained uptrend.
What’s Next for Pi Coin?
If the Stellar partnership leads to a stablecoin launch, Pi Network’s fundamentals will strengthen significantly, increasing demand for Pi Coin. However, without an official announcement or major exchange listing, price growth may remain limited.
A surge past the $1 resistance level could open the doors for a larger rally toward $3, but hesitant buyers could push the price downward before any sustained recovery. Traders will be closely watching upcoming developments to determine Pi Coin’s next move.
