#PI 3 reasons why the price of Pi coin will pump 100% this week!

The price of Pi Network (PI) is $0.73, and after two days of 30% bull market growth, there was a 2% intraday dip for a little respite. Despite the pause, the price of PI Coin is on the verge of breaking out of key patterns. The accumulation of whales and the surge in adoption imply an almost 100% chance of growth in the Pi Network coin price this week.
3 reasons why the price of Pi coin will double
The cryptocurrency market is rising again, with tokens like PI taking advantage of the increased momentum. Between May 8 and 9, the price of the Pi Network token formed two bullish engulfing candles, marking a 30% increase. Currently, the price of the Pi token is struggling to return to $1, as numerous factors support an optimistic outlook for the Pi Network. So, let's take a closer look at three reasons why the price of the Pi token could rise by 100% this week.
The breakthrough of the Adam and Eve model reached $1.54
The price of Pi Network's coin dropped by 86% from February 26 to April 5, from $3 to $0.40, establishing a strong bottom. The price movement of PI formed an Adam and Eve pattern on the 4-hour price chart, indicating a stronger rebound. The V-shaped reversal of Pi coin from $0.40 to $0.77 is called Adam, followed by the rounded reversal of Eve. The neckline remains at $0.77 as a key direct resistance.
According to technical analysis, the breakout target is assessed by adding the depth of the V-shaped reversal to the breakout level. Based on Pi Network's broader price predictions in the market, the price may rise nearly 100%, reaching $1.54.
The bullish signal is issued by the golden cross between the 50 and 100 exponential moving averages (EMA). Additionally, the 4-hour relative strength index (RSI) has entered the overbought territory, indicating strong underlying bullish sentiment. Therefore, the technical indicators confirm the forecast of a breakout.
On the contrary, the bull market's failure to break through the $0.70 resistance zone may push the price of Pi coin down to the $0.69 200 EMA. Moreover, a drop below $0.69 would eliminate the bullish pattern and could potentially retest the $0.6414 50 EMA.
Will Bi...ce buy PI tokens before they are listed on the Pi Network?
Against the backdrop of the continuous rise in PI prices, a wallet holds 155 million PI tokens, surpassing the inventory of major CEXs like Gate.io and O.X. The recent transaction of withdrawing 70 million Pi tokens from O.X reflects the strong confidence of whales. The community expects that with the withdrawal of large funds, this wallet may belong to Bi...ce, amidst rumors of listing. Until confirmed, this makes the whale wallet the largest non-listed Pi token holder. According to Bi...ce's latest update, Pi Network may be considered for listing based on new token listing standards.
Rumors about being listed on the Coope..tive exchange have resurfaced.
H.X has showcased the Pi Network logo on X three times, teasing investors about the opportunity for PI to list. Coope..tive is one of the leading exchanges, and the listing of Pi coin will enable it to enter the major CEX ecosystem. Currently, the exchange has not confirmed the listing, but numerous hints have boosted investor optimism.
Therefore, with the increase of rumors and large withdrawals, factors support a strong breakout, returning to the level of 1 dollar.