Pi Coin Eyes $21M Open Interest Surge & 20% Rally Target Amid Key Price Test

Pi Coin is at a make or break point, with the charts suggesting a 20% price jump. Currently at $0.739, the coin dropped 4% after a $2 million token deposit spooked investors. But the 4 hour chart shows a symmetrical triangle pattern, a sign of market indecision—but often a precursor to big price moves.

This triangle forms as trading volume contracts and Pi Coin’s 24 hour volume is at $122 million according to CoinMarketCap. After testing the triangle’s lower support, the price bounced back, so buyers may be gearing up to push higher.

If this breakout happens we could see Pi Coin go to about $0.92 as buying interest and a close above the 200 day Simple Moving Average (SMA) which is at $0.75. Clearing that would set sights on the 50 day SMA at $0.86 before possibly going higher.

Key levels to watch:

• Lower triangle support: $0.68

• 200 day SMA resistance: $0.75

• 50 day SMA target: $0.86

• Breakout target: $0.92

But it’s not all smooth sailing if Pi Coin fails to hold the triangle’s lower support we could see a drop to $0.61 so this is a key pivot for the coin’s next move.

Open Interest Surges, Confidence Grows

There is also a surge in speculative activity around Pi Coin. Open interest in the futures market has jumped to $21 million with a $2.9 million increase in just 6 hours. This is a sign of growing trader confidence despite the price being uncertain.

And to top it off funding rates which briefly went negative are now positive again. This means traders are betting on a price rebound and positioning for upward momentum.

Kraken Futures Listing Brings Fresh Interest

Pi Coin has also got a boost from Kraken, a US based exchange, which recently listed Pi Coin futures. This is a big deal especially since there was so much skepticism around Pi Network’s decentralization and governance.Kraken’s futures platform is bringing in new liquidity and giving traders more ways to trade Pi Coin’s price. The increasing open interest and positive funding rates are confirming the setup and setting up for volatility—and that breakout.

Quick Hit:

• Pi Coin is at a technical zone, at $0.739.

• Symmetrical triangle pattern could see a 20% move to $0.92 if resistance breaks.

• Failure to hold support and we could see a drop to $0.61.

• Open interest is at $21 million, confidence is growing.

• Kraken futures has brought in new capital and interest.