{"id":11414,"date":"2025-09-22T14:19:04","date_gmt":"2025-09-22T14:19:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pi-network-price-shakeout-unfolds-as-hammer-points-to-a-rebound\/"},"modified":"2025-09-22T14:19:08","modified_gmt":"2025-09-22T14:19:08","slug":"pi-network-price-shakeout-unfolds-as-hammer-points-to-a-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pi-network-price-shakeout-unfolds-as-hammer-points-to-a-rebound\/","title":{"rendered":"Pi Network price shakeout unfolds as hammer points to a rebound"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pi Network price plunged to a record low as the crypto market fell, erasing billions of dollars in value.<\/p>\n<div id=\"cn-block-summary-block_1db72ab20b060e8e4d76285f5176b6c8\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pi Network price crashed on Monday as the crypto market dipped.<\/li>\n<li>The crash could be a shakeout before a rebound starts.<\/li>\n<li>It has formed the highly bullish hammer candlestick pattern.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pi Coin (PI) fell to a low of $0.1846, down by over 93% from its all-time high. It then rebounded and settled at $0.30 at press time.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Pi Network price hammer signals a bottom is in<\/h2>\n<p>The latest Pi Coin price crash could be a shakeout, which is a sharp drop designed to force weaker participants out of their positions before the market reverses to the upside.<\/p>\n<p>On the positive side, this shakeout happened after the coin formed a falling wedge and a double-bottom pattern. A falling wedge occurs when an asset has two descending and converging trendlines.<\/p>\n<p>A double-bottom pattern has two distinct lows and a neckline. In some instances, an asset will have a shakeout or a false breakout before the reversal happens.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The other positive is that the Pi Network price is slowly forming a hammer candlestick pattern. A hammer is made up of a small body and a long lower shadow.\u00a0<\/p>\n<p>In many cases, this pattern leads to a strong bullish reversal, potentially to the important resistance level at $0.4660, up about 55% from the current level. A drop below the low of the hammer at $0.1845 will invalidate the bullish view.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pi Network price chart | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Pi Coin whale buying and TOKEN2049 event<\/h2>\n<p>The potential catalyst for the Pi Network price is the ongoing accumulation by an obscure whale. This whale has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/piscan.io\/account\/GASWBDATCXXIUGHR7DWSFAAONZB2L5NFMBTDCYQQ2TQLRQNCTKJ2AODM\" target=\"_blank\" rel=\"nofollow\">accumulated<\/a> over 381 million tokens, currently worth over $112 million. His last purchase was over 781,000 tokens worth over $230,000.<\/p>\n<p>The buyer could be someone with advance knowledge of developments in the near term. For example, it could be an exchange executive aware of a potential listing, or a Pi Network participant with knowledge of an upcoming announcement.<\/p>\n<p>Another important catalyst for the Pi Network price is the upcoming TOKEN2049 event, where Dr. Chengdiao Fan, its co-founder, will speak. In her address, she will discuss Pi and its role in the Web3 industry. The token may rebound into that event.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pi Network price plunged to a record low as the crypto market fell, erasing billions of dollars in value. Summary Pi Network price crashed on Monday as the crypto market&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11414"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11414\/revisions"}],"predecessor-version":[{"id":11415,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11414\/revisions\/11415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4438"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}