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PI price flashes bullish pattern, eyes $0.200

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PI price flashes bullish pattern, eyes $0.200

The PI price is flashing a falling wedge chart pattern on its 12-hour chart that analysts at Invezz say could push the token 22 percent higher toward the $0.200 resistance level, with smart contract catalysts and a Kraken listing adding fundamental weight to the technical setup.

Summary

  • PI is trading around $0.164 to $0.167 and has exited the upper side of the falling wedge channel, a move that Invezz analysts say signals a likely rebound toward the next key resistance at $0.200, approximately 22 percent above the current level.
  • A drop below the support level at $0.15 would invalidate the bullish outlook; a single whale address has accumulated approximately 350 million PI worth roughly $134 million, becoming the network’s sixth-largest holder, which signals long-term accumulation even as daily token unlocks of roughly 230 million PI create consistent sell-side pressure.
  • Four near-term catalysts are cited for the setup: the RPC testnet launch on April 11, the Protocol v23 smart contract upgrade due May 18, a Kraken listing, and the ongoing KYC verification process that has already cleared over 16 million users.

Invezz’s April 14 analysis identifies the falling wedge as a classic continuation pattern in which price compression within converging trendlines precedes a directional breakout. Pi has also remained above the Supertrend indicator and moved slightly above the 50-period moving average, with the RSI pointing upward from neutral territory near 42. Those conditions collectively suggest the selling pressure that has weighed on PI since its peak above $2.90 may be approaching exhaustion at the current level.

The PI token has spent much of 2026 between $0.16 and $0.20 after falling sharply from its open-market high, weighed down by the token unlock schedule and the absence of smart contract functionality that would give the network real DeFi utility.

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The most significant near-term catalyst is Protocol v23, due May 18. The upgrade introduces smart contracts to the Pi mainnet for the first time, turning the network from a payment token into a programmable platform that developers can build lending, gaming, and DeFi applications on. The protocol is built on Stellar’s tech, which has already implemented similar features, meaning the transition is expected to be more stable than a greenfield smart contract rollout. Node operators must upgrade sequentially through v22.1 on April 22 before v23.0 goes live.

Why the Token Unlock Schedule Is the Counter-Argument

The bullish technical setup runs directly against a structural headwind that is not chart-dependent. Approximately 230 million PI tokens are scheduled to unlock in the next 30 days, adding consistent sell pressure regardless of technical patterns or protocol upgrades. That daily unlock rate has been the primary reason PI has underperformed the broader market since its listing. Any 22 percent move toward $0.200 would need buying volume to absorb that supply, which historically has required either a major exchange listing or a significant utility event to materialize.

What Traders Are Watching as the April 22 Node Deadline Approaches

The v22.1 node upgrade deadline on April 22 is the next verifiable milestone on the road to Protocol v23. All mainnet node operators must complete it to remain connected to the network. Successful on-schedule completion would signal to the market that the May 18 smart contract launch is on track. As Pi builds toward that milestone, the $0.15 level remains the line that separates the current bullish setup from a deeper consolidation.

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Why is Bitcoin price falling today? (April 15)

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Bitcoin price has formed a descending triangle pattern on the daily chart.

Bitcoin price fell nearly 3% on Wednesday as investors booked profits following its sharp rally above $75,000 the previous day amid renewed hopes of U.S.-Iran peace talks. 

Summary

  • Bitcoin fell about 3% to an intraday low of $73,617 after a 7% rally the previous day, as traders took profits following the surge above $75,000.
  • Market sentiment was influenced by renewed hopes of U.S.-Iran peace talks, though geopolitical uncertainty and delays in negotiations kept volatility elevated.
  • Technical indicators remain bullish, with an ascending triangle pattern in play and key resistance near $76,000, while downside risk emerges below $72,000.

Bitcoin’s price fell today as investors booked profits following the sharp rebound yesterday. It is quite common for investors to take some profits, especially when such a sharp upside occurs after days of intense volatility amid geopolitical conflict situations.

The risk-off sentiment is not confined to Bitcoin and cryptocurrencies alone, as traditional safe-haven assets such as gold and silver have also fallen a bit today after crude oil prices moved up again following the sharp drop under $100 yesterday. 

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According to data from crypto.news, Bitcoin (BTC) price fell 3% to an intraday low of $73,617 on Wednesday after paring off some of its gains from the previous day when the bellwether rose 7% to nearly $76,000.

The rebound occurred amid renewed hopes of a more concrete ceasefire in place between the U.S. and Iran after reports emerged that Iran was ready to negotiate new terms regarding its nuclear program and maritime conduct.

Most recently, U.S. President Donald Trump told Fox News that the war is “close to over” after he hinted at a second round of face-to-face talks with Iran in Islamabad in the next two days. However, with Pakistan’s prime minister out of the nation till April 18, the talks could face some delays. 

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The diplomatic push follows after the U.S. initiated a naval blockade at the Strait of Hormuz to halt economic trade on all seaborne cargo going into and out of Iran.

The Iranian government had previously called the move state-sanctioned piracy, while they themselves implemented a controversial toll system in the area, reportedly to recoup losses for nearly $270 billion in direct and indirect damages on the nation since the start of the US-Israel war on Feb. 28.

Despite Bitcoin’s slight pullback today, its market structure continues to present a bullish bias for the coming sessions. 

On the daily chart, Bitcoin’s price action has been forming an ascending triangle which is a bullish continuation pattern if the price breaks out above the resistance level. At press time, Bitcoin’s price action was hovering closer to the upper horizontal trendline of the pattern, which suggests that a decisive move by bulls could confirm the pattern.

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Bitcoin price has formed a descending triangle pattern on the daily chart.
Bitcoin price has formed a descending triangle pattern on the daily chart — April 15 | Source: crypto.news

Technical indicators further support this bullish outlook. Notably, the MACD lines have pointed upwards while the RSI bounced back from neutral threshold to 60, showing there is still room for further appreciation before hitting overbought territory.

Hence, the next key resistance for Bitcoin lies at $76,000. A break above the trendline could trigger a rally toward the $80,000 mark.

On the contrary, if Bitcoin price were to fall below $72,000, it could invalidate the current bullish setup and lead to a retest of support near $70,000.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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SocGen-FORGE Brings MiCA-compliant USD Stablecoin to MetaMask

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Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask

Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank.

The company said in a release on Wednesday that under the partnership with Consensys, USDCV, which is backed by cash and cash-equivalent reserves and issued under French electronic money regulations, will be surfaced in MetaMask on mobile and web. The token is redeemable 1:1 in dollars and will be made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.

The move expands access to one of the few dollar stablecoins issued by a major European bank. It also comes as regulated issuers seek to turn MiCA compliance into a commercial advantage by distributing tokens across widely used crypto platforms. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout is intended to broaden access to compliant digital assets.

Under the European Union’s new framework, a growing but still relatively small pool of approved stablecoin issuers, with around 10 entities authorized so far, is competing for market share, making integrations with wallets like MetaMask increasingly important.

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Consensys CEO Joseph Lubin said in the release that stablecoins are becoming a more important part of digital financial infrastructure.

Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask
Societe Generale -FORGE partners with Consensys for MetaMask integration. Source: Societe Generale-FORGE

Cointelegraph reached out to Societe Generale-FORGE and Consensys for comment but had not received a response by publication.

Related: ECB backs tokenized EU capital markets with strict guardrails

SG-FORGE expands multichain stablecoin strategy

SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin first launched on Ethereum (ETH) in 2023. The token has since expanded as part of a multichain strategy to Solana, the XRP Ledger and Stellar, while USDCV is available on Ethereum and Solana and listed through several exchanges and partners, according to SG-FORGE.

The euro-denominated token has been part of broader efforts by Societe Generale-FORGE to test tokenized financial infrastructure, including participation in experiments involving tokenized bonds and settlement through blockchain networks.

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