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Shiba Inu Price Prediction: Will Uptober Ignite SHIB Breakout?
Crypto Trends

Shiba Inu Price Prediction: Will Uptober Ignite SHIB Breakout?

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Following several weeks of sideways trading and repeated support tests, Shiba Inu (SHIB) is beginning to show signs of renewed strength. A descending trendline that has held the price steady since mid-summer remains a key feature on the daily chart.

The steadily declining exchange reserves for SHIB indicate reduced sell pressure, as fewer tokens remain on exchanges. This pattern suggests that some investors may be positioning themselves ahead of a potential breakout, particularly given the concurrent uptick in transaction activity.

SHIB has successfully reclaimed its 50-day EMA on the daily chart — historically a pivotal level signaling potential momentum shifts — and is currently trading near $0.0000126.

Shibarium attack

Recently, Shibarium, Shiba Inu’s Layer-2 blockchain, faced one of the largest attacks in its history. The attacker attempted to exploit the network by manipulating checkpoints, reportedly staking 4.6 million BONE tokens to gain leverage.

The exploit was triggered on September 12, when a hacker submitted fake data to Shibarium’s Ethereum-linked contracts, prompting an automatic system shutdown as a safety measure. Simultaneously, the attacker staked millions of dollars’ worth of BONE tokens to temporarily meet validator thresholds.

In total, the hacker drained about $4.1 million in ETH, SHIB, and 15 other tokens from the bridge before moving the stolen assets.

Shibarium Bridge Exploit Community Update 17/09/2026

The attacker executed a flash loan swap to acquire 4.6M $BONE from Shibaswap & used those to delegate them to Ryoshi Validator 1. This gave the attacker > 2/3 majority voting on Shibarium validators & the ability to use the…

— Shib (@Shibtoken) September 17, 2025

In response, Shibarium has announced the implementation of blacklisting mechanisms on its Plasma Bridge to prevent similar exploits. The team also plans to gradually restart paused bridges, prioritizing safety and user asset recovery.

Following the attack, SHIB’s price dropped 13% within 24 hours.

Uptober bull run

Despite the setback, Shiba Inu has started October with a bullish setup that could push prices toward $0.00001410. If achieved, this move would align with historical price patterns, marking a potential 11%–40% rally.

Historically, SHIB has performed strongly in October:

  • 2021: +833% surge, pushing SHIB into the global top 10.
  • 2023: +6.04% gain.
  • 2024: +2.46% rise despite a stagnant market.

Shiba Inu price prediction

SHIB currently faces resistance between $0.000012–$0.000013, where the 200-day and 50-day EMAs have converged, creating a strong ceiling. 

Source: CoinMarketCap

The RSI remains in a neutral range, while the recent uptick in reserves slightly dampens the odds of a sustained breakout.

  • Immediate support: $0.00001200 (maintains September’s range of $0.00001170–$0.00001220).
  • Resistance levels: $0.000013–$0.000014 (a breakout could push SHIB to highs unseen since July).
  • Next major resistance: $0.000015–$0.000018, representing a potential 20%–40% upside from current levels.

For SHIB to confirm a successful breakout, it must decisively clear the $0.0000128–$0.0000130 range. Failure to reclaim these levels leaves the asset vulnerable to renewed downward pressure.





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XRP to $3.60: Triangle Pattern Breakout Is Key
GameFi Guides

XRP to $3.60: Triangle Pattern Breakout Is Key

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The XRP price is reaching a key technical point, and the charts are showing that a breakout from the triangle pattern could push the price up to $3.60. Analyst Ali Martinez highlighted the setup, noting that the descending resistance line compressing XRP since August is now within reach.

The token is trading at $2.98, up from September’s $2.71 low. For the past two months, the price has been following two clear boundaries: a descending upper trendline and horizontal support in the $2.70-$2.80 range. That has led to the classic conditions for a triangle breakout.

If XRP can get past the resistance, it looks like it could reach about $3.60. This level also lines up with the 0.236 Fibonacci extension zone, which makes it the next major test. If it goes above $3.60, the chart opens up toward $3.85–$4.00 per XRP, which is the consolidation zone from early summer.

Worst case scenario

Failure to clear resistance could lead to a rejection and a return to the lower boundary at $2.70. Losing that support would invalidate the bullish structure and expose downside targets at $2.50 and $2.30.

Things are looking up for XRP in October, which is usually a strong month for the altcoin. Volatility is compressing, so the breakout direction will likely dictate short-term sentiment. If it moves through the $3.10-$3.20 resistance, that will be the first sign that the $3.60 goal is in play.

The next leg of the price action will depend on the bullish project XRP confirms or stalls.



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Exchange Review August
NFT Gaming

BNB Breakout Over $1.1K Leaves Bitcoin, Dogecoin Behind, With Ecosystem Tokens in Focus

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BNB’s push above $1,100 has shifted attention to the BNB Chain’s native names, with investors rotating into protocols that capture fees and on-chain activity.

Activity on the network has risen partly due to Binance founder Changpeng Zhao’s recent endorsements of BNB Chain projects, bringing newfound attention to the fifth-ranked token by market capitalization.

Crypto market participants often tend to allocate to an ecosystem when the base asset climbs higher, with liquidity tending to remain inside that sector. Protocols that collect fees and route orders tend to move first, followed by memecoins and then lesser-known fundamental plays.

PancakeSwap’s CAKE jumped nearly 30% over the past 24 hours, a move that usually coincides with deeper liquidity on core pools and tighter spreads across major pairs.

Newer tokens are catching bids as well: ASTER rose about 18%, reflecting the search for higher beta exposure as BNB advances.

By contrast, meme tokens such as FLOKI and Simon’s Cat (CAT) have yet to meaningfully respond, suggesting traders are prioritizing utility and cash-flow narratives before sentiment-driven meme bets.

BNB reclaimed the $1,100 area after multiple attempts and held the level through U.S. hours, a sign that spot demand rather than leverage is driving the move.

Meanwhile, BNB-tied futures racked up over $97 million in liquidations in the past 24 hours, Coinglass data shows, second only to ether-linked bets.

However, the total value of locked assets on the BNB Chain ecosystem rose a tiny 2% in the past 24 hours despite the market-beating rise of BNB – a sign that traders have not yet allocated to long-term financial plays on the network beyond the token.

For instance, PancakeSwap pocketed just over $1.3 million in trading fees over the past 24 hours, far below an average of over $5 million in July, data shows.



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Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move
GameFi Guides

Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move

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Bitcoin, Shiba Inu and XRP are all showing bullish momentum: BTC has reclaimed key EMAs and targets $125,000-$130,000 if it holds above support; SHIB has broken $0.000012 with volume but must maintain strength to avoid retracing; and XRP has reset its outlook by clearing all major EMAs with resistance ahead at $3.00-$3.20.  

Bitcoin is back

A recent strong rally that drove the price of Bitcoin (BTC) to $116,800 has put the cryptocurrency back in the public eye and sparked speculation about a possible breakout toward the $130,000 mark. Exponential moving averages (EMAs), which are frequently a sign of increased volatility and decisive actions, are convergent toward the current price, and the recent surge coincides with rapidly aligning technical indicators.

Bitcoin has reclaimed the 100 and 200 EMAs on the four-hour chart, breaking above significant short-term resistance with robust bullish momentum. An impending breakout is indicated by the 20 EMA and 50 EMA aligning near the price level, which further narrows the range. As the market builds pressure before releasing into a new trend, this compression of moving averages usually occurs before explosive moves.

Growing buyer conviction is reflected in the spike in trading volume, which supports the breakout potential. Additionally, momentum indicators show growing strength, and the RSI is above 68 and is approaching overbought territory without exhibiting any overt signs of exhaustion just yet. Bulls continue to hold a firm grip on the market as long as Bitcoin consolidates above $115,000.

If Bitcoin sustains its momentum and breaks through the $118,000 resistance level, the trajectory toward $125,000-$130,000 becomes more feasible. Nevertheless, traders should continue to exercise caution. Even though the technical picture is in favor of bulls, short-term pullbacks could be caused by overextended conditions.

The breakout attempt could be deemed invalid, and sellers could be invited back to the market if the price fails to hold above $113,000. For the time being, it is evident where Bitcoin is headed: EMAs are convergent, volatility is increasing and the stage is set for a possible skyrocketing that could push the price closer to $130,000.

Shiba Inu momentum back

In the short term, Shiba Inu has recovered its momentum, breaking through the $0.000012 level and displaying a robust green candle that suggests fresh buyer interest. The action follows SHIB’s successful break through the 50 EMA on the four-hour chart, a crucial dynamic resistance level that had been limiting price action for the previous two weeks. This technical milestone raises the possibility of an impending breakout.

Volume has increased significantly during the most recent push, suggesting that the rally is supported by real participation rather than just low liquidity. With an RSI of 66, the market is getting close to overbought but still has some upside potential before showing signs of exhaustion.

SHIB’s next obstacle, which is located close to the 100 and 200 EMA levels and grouped around $0.0000125-$0.0000130, is the break above short-term resistance. Still, prudence is necessary. Even with the breakout, SHIB is still trading inside a larger descending structure, and unless higher highs are set, the long-term trend is still bearish.

If momentum is not maintained above $0.0000120, SHIB may retrace and return to support in the range of $0.0000114-$0.0000118. Recent on-chain data, indicating notable declines in exchange reserves — a bullish signal that lessens possible selling pressure — has also influenced market sentiment regarding Shiba Inu.

But as previous rallies have shown, SHIB is still susceptible to steep declines if buyers are unable to maintain pressure.

XRP breaking through

In a single move, XRP broke through several resistance levels on the four-hour chart, putting on one of its best technical performances in weeks. The descending trendline that had restrained the token’s price action since mid-September was bypassed, along with the 20 EMA, 50 EMA, 100 EMA and 200 EMA. A wider recovery was made possible by this single decisive breakout, which broke through almost all of the short-term obstacles in its path.

With its current price around $2.95, XRP has essentially reset its technical outlook. The emphasis now moves to higher time frames, where the next significant obstacle is located between $3.00 and $3.05, since there are no significant obstacles remaining on shorter time frames. With momentum, XRP may move toward the larger descending channel resistance near $3.20 if bulls are able to secure a close above that zone.

This spike occurs at the beginning of Uptober, which is known for producing significant gains on the cryptocurrency market. With both Bitcoin and altcoins achieving above-average returns in previous cycles, October has frequently signaled the start of fourth-quarter rallies. The combination of XRP’s strong breakout and the seasonal effect raises the possibility that market sentiment is shifting in favor of additional upside.

Additionally, volume spikes on the breakout point to real market activity as opposed to a feeble short squeeze. With the four-hour chart’s RSI at 66, it is getting close to being overbought, but not yet overheated, allowing for further short-term momentum.

XRP is now poised for a possible trend reversal after overcoming weeks of consolidation. In keeping with October’s bullish undertones, the asset’s renewed strength is demonstrated by a clean break of five resistances in a single move. XRP might be about to embark on its next phase of recovery if Uptober goes as history predicts.



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Exchange Review August
NFT Gaming

Traders Eye September Jobs Report for Cues on BTC Breakout Above $120K

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Crypto markets remained unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October.

Bitcoin bulls defended the $110,000 support level several times over the past week, while Ether clawed back from a sharp dip to $4,075 that coincided with nearly half a billion dollars in leveraged longs being wiped out.

Total market capitalization now sits near $3.85 trillion, about 1.3% lower than a week earlier despite a 3.5% weekend rebound.

The Fed’s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell’s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday at 8:30 a.m. (ET).

“The crypto market is at a macroeconomic crossroads, caught between a softening labor market and resilient economic growth,” said Nick Ruck, director at LVRG Research, in a message to CoinDesk.

“This week’s data — Consumer Confidence, Initial Jobless Claims, and the pivotal September Jobs Report — will be critical in gauging the Fed’s next move. Any signs of further labor market cooling could reignite rate cut expectations, providing a tailwind for majors like BTC, ETH, and XRP. Conversely, strong data may extend the current period of uncertainty and pressure,” he said.

Jobs data shows how many people are getting or losing work in the U.S. economy. If fewer people are working and unemployment rises, it suggests the economy is slowing.

That usually makes the Federal Reserve more likely to cut interest rates to support growth, which can boost risk assets like stocks and crypto. But if job numbers are strong and unemployment stays low, it signals the economy is still running hot. That can keep inflation high, making the Fed less likely to cut rates.

“This macro uncertainty is likely to maintain Bitcoin’s dominance, potentially capping the upside for Ethereum and the broader DeFi sector despite their superior yield opportunities,” Ruck added.

Market structure reflects the indecision. A guage for sentiment fell to 28 on Friday, entering “extreme fear,” before bouncing back to a neutral 50 by Monday. Bitcoin has consolidated in a tight $108,000–$118,000 range, with open interest compressed and funding rates normalized after the liquidations.

“The rebound is coming from roughly the same levels as in early September,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email. “Once again, altcoins are recovering stronger than BTC. Such outperformance in the early stages of recovery often indicates the future winners of the race, which in this case are altcoins.”

Kuptsikevich noted Bitcoin’s technical levels remain pivotal: “At the end of last week, Bitcoin found support at 109,000. It was bought at roughly the same levels as the end of August and even slightly higher, which is positive for the bulls.”

“On the other hand, September’s local high is lower than the previous one, which generally indicates a decrease in volatility and a stronger movement towards a breakout beyond the $108-118K range. Movements within the range can give many false short-term signals,” he noted.

Ethereum faces its own inflection point. Analysts flagged a potential bottom, citing technical exhaustion after last week’s selloff. The token is also in focus after the launch of the first U.S. ETF with staking features, from REX Shares and Osprey Funds, with applications from BlackRock and Fidelity still under SEC review.

News around Solana added to the altcoin narrative. The network’s total value locked surged to $12.2 billion, up 57% since June, prompting fresh calls for a $300 price target. Meme coins have grown more prominent as well, with sector capitalization climbing 70% over three months.

Regulatory headlines, however, kept traders wary. The Wall Street Journal reported that U.S. regulators are probing potential insider trading tied to companies accumulating crypto reserves.
Elsewhere, ratings giant Moody’s separately warned that the rapid expansion of stablecoin use in developing countries poses risks to monetary sovereignty and financial stability.



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XLM/USD (TradingView)
GameFi Guides

XLM Surges 3.7% as Final-Hour Breakout Drives Fresh Momentum

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Stellar’s native token XLM posted a strong rally over the past 24 hours, climbing 3.7% from $0.36 to $0.37 on heavy trading activity. The move was fueled by two distinct breakout phases: an evening surge on September 28 at 22:00 that carried prices to $0.37 on volume nearly double the daily average, followed by a secondary push at 13:00 the next day that reinforced bullish momentum. Both sessions were supported by elevated volumes above 31 million units, signaling broad market participation.

The final hour of trading on September 29 proved particularly explosive, with XLM advancing 1.64% between 13:10 and 14:09. A breakout began at 13:42, marked by a sharp volume spike exceeding 1.9 million units on a single candle. That surge carried the price through resistance at $0.366, establishing a fresh uptrend channel. XLM went on to touch intraday highs near $0.372 before consolidating just below at $0.371 as volumes tapered off.

Momentum for Stellar’s token comes as the project continues expanding its footprint in the Asia-Pacific region. Stellar has been strengthening its cross-border payment partnerships with Southeast Asian banks while developing Soroban, its smart-contract platform designed to broaden the network’s capabilities. These moves align with increasing adoption of blockchain-based payment infrastructure within traditional finance, particularly for international transfer systems.

With XLM still trading under the $1.00 threshold, the token has also drawn retail traders who view lower-priced digital assets as accessible entry points into blockchain ecosystems. Combined with the institutional interest highlighted by the high-volume breakouts, Stellar’s recent performance underscores its positioning as both a retail-friendly token and a serious contender in cross-border financial innovation.

XLM/USD (TradingView)

Technical Indicators Signal Continued Strength

  • XLM climbs from $0.36 to $0.37 with $0.01 range posting 3.70% gains in 24-hour session ending September 29 14:00
  • Initial breakout hits $0.37 at September 28 22:00 on 31.93 million unit volume, crushing 18.47 million daily average
  • Secondary surge reaches $0.37 at September 29 13:00 with 31.61 million unit volume spike
  • Final 60 minutes from 13:10 to 14:09 deliver explosive 1.64% acceleration
  • Breakout launches at 13:42 with volume erupting past 1.9 million units on 13:43 candle
  • Price smashes $0.37 resistance, establishing fresh uptrend channel structure
  • Support base forms at $0.37 with session peak touching $0.37
  • Consolidation near $0.37 on declining volume in closing minutes

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Sei price chart
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Sei price nears bearish breakout as transactions plunge 87%

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Sei price has crashed to an important support level and formed a descending triangle as the number of transactions and active addresses plunged in September.

Summary

  • Sei crypto price has formed a descending triangle pattern.
  • The number of transactions plunged by 87% in the last 30 days.
  • Sei’s unique active wallets fell by 20% in the same period.

Sei (SEI), a popular layer-1 network, plunged to the key support at $0.2645, its lowest level in August and September this year. 

Data compiled by Nansen show that the number of transactions plunged by 87% in the last 30 days to 57 million. This crash makes it one of the worst-performing chains in September.

The data show that active addresses dropped by 24% to 13 million. Also, fees dropped by about 12% to just $16,000.

Sei’s performance in the gaming market, where it dominates, also deteriorated. According to DappRadar, the number of unique active wallets dropped by 20% in the last 30 days to 13.45 million. 

More data shows that its total value locked plunged by 17% in the last 30 days. Most notably, Sei’s stablecoin supply dropped to $140 million, its lowest level since March and much lower than the year-to-date high of $296 million. 

Sei price technical analysis 

Sei price chart | Source: crypto.news

The daily timeframe chart shows that the Sei token price peaked at $0.3895 in July and then dropped to a low of $0.2645. It has crashed below the 50-day exponential moving average.

Sei crypto price has formed a descending triangle pattern whose support is at $0.2645. This is one of the most popular bearish continuation signs.

The Relative Strength Index has been in a downward trend. It has moved close to the oversold level of 70, while the MACD has moved below the neutral level.

Therefore, the token will likely have a strong bearish breakout, with the next point to watch at $0.1325, its lowest level this year. This target is about 50% below the current level. A move above resistance at $0.3500 will invalidate the bearish Sei price forecast.



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2,729,065,817,171 SHIB Moved in 24 Hours as Shiba Inu Attempts Breakout
NFT Gaming

2,729,065,817,171 SHIB Moved in 24 Hours as Shiba Inu Attempts Breakout

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  • SHIB’s breakout attempt threatened again?
  • Another catch for SHIB’s next price action

The crypto market has kick-started the weekend with shifting investor sentiment, which has seen prices of many cryptocurrencies record impressive gains.

Shiba Inu also followed the trend, with its price seeing a brief bounce back above $0.00001190 in the last day. However, there has been no noticeable increase in its on-chain activity over the last day, according to data provided by CryptoQuant.

The data shows that only about 2.7 trillion SHIB tokens have been transferred across exchanges and cold wallets as of Sept. 26, a notable decline from the 3 trillion volume recorded in the previous day.

SHIB’s breakout attempt threatened again?

Amid the recurring market bloodbath witnessed across the broad crypto market, Shiba Inu is seen repeatedly shattering the hopes of traders who have remained optimistic for a breakout again.

While it has continued to attempt a surge above the key resistance level at $0.000013, SHIB’s price has seen a major rejection with its price falling as low as $0.0000115 in the previous day.

While it has resumed to the positive side today, Shiba Inu has shown a sharp resurgence in its price, recording daily gains of 2.14%.

With the price of Shiba Inu recording an intraday high of $0.00001198 on Saturday, investors are hopeful that the second-largest meme token by market capitalization is headed for another breakout, which could possibly push its price toward erasing another zero.

However, with no substantial increase in the total value of SHIB tokens transferred in a single day, investors are worried that the ongoing price rally might be short-lived, seeing the asset record another failure on its latest breakout attempt.

Another catch for SHIB’s next price action

It is also important to note that the slowdown in the amount of SHIB transferred over the last day may not be entirely bearish for the token’s next price action.

Oftentimes, declines in this crucial metric have also preceded bullish rallies. The reduction in the SHIB transfer volume could mean that only few tokens have been sent to majors exchanges like Coinbase, signaling reduced sell pressure and stronger conviction among investors to hold their assets for longer.

As such, all hopes are not entirely lost for SHIB’s next breakout as this could be the beginning for the token to achieve its next price target.



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Can Fusaka spark a breakout?
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Can Fusaka spark a breakout?

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Summary

  • Ethereum trades around $3,900–$3,950, consolidating as traders eye the December Fusaka upgrade with PeerDAS to boost scaling.
  • A breakout above $4,500 could fuel an Ethereum price prediction toward $4,800–$5,000, while failure risks a pullback to $3,600–$3,800.
  • Fusaka is a strong medium-term bullish catalyst, but near-term moves still hinge on macro sentiment and BTC stability.

ETH sits near $3.9K after a choppy week.

With developers targeting a December Fusaka hard fork that introduces PeerDAS and other scaling tweaks, and a testnet activation slated for early October, traders are asking whether fundamentals can overpower near-term risk-off flows and trigger a breakout above $4.5K.

What is Fusaka?

Fusaka, Ethereum’s next major upgrade after Pectra, focuses on scalability, data availability, and node efficiency. Its key feature, PeerDAS, lets nodes verify block data without full downloads, cutting costs and boosting rollup throughput.

Developers target December 2025 for mainnet activation, with testnet rollout set for early October, alongside smaller tweaks like gas-limit changes and infra hardening.

Ethereum price prediction market data

ETH 1d chart | source: crypto.news

ETH is moving between $3,800 support and $4,200 resistance, with volatility muted as markets await a clearer signal.

Fusaka’s headline feature, PeerDAS (Peer Data Availability Sampling), is designed to lower costs and increase throughput for rollups and L2s, potentially boosting demand for ETH as on-chain activity scales.

Markets typically respond positively to dated upgrade roadmaps, and with Pectra already behind and Fusaka lined up, confidence in Ethereum’s development cycle remains high. Still, near-term trading is dominated by macro sentiment and BTC’s direction.

Positive factors for Ethereum price

If Ethereum (ETH) can reclaim $4,200 and close above $4,500, traders see scope for a rally toward $4,800–$5,000 into Q4. The October testnet and December hard-fork timeline provide clear catalysts, while improved scaling could attract new inflows into DeFi and Ethereum’s ecosystem.

The bullish case rests on expectations that PeerDAS will deliver cheaper and faster rollups, that the presence of a concrete roadmap will reassure markets, and that capital rotation could move back into ETH if macro conditions improve.

Negative factors for ETH price

Despite the upgrade narrative, ETH faces several risks. A “buy the rumor, sell the news” reaction is possible if macro weakness persists, such as renewed ETF outflows or higher U.S. inflation. Execution delays remain a threat, since developers are treating December as a target rather than a fixed deadline.

There is also the issue of event magnitude, as Fusaka focuses on infrastructure improvements rather than headline-grabbing features. Failure to defend $3,800–$3,900 support could expose ETH to deeper losses, revisiting early-September levels in the low $3Ks.

Ethereum price prediction based on current levels

The base case over the next two to four weeks is for ETH to continue ranging between $3,800 and $4,500, with macro flows and BTC dictating direction. The catalyst case points to a stronger move, as successful testnet progress in October and the December hard fork could trigger a sustained breakout toward $4,800–$5,000.

On the other hand, weak sentiment or delays could cap ETH under $4,500 and drag it back toward $3,600–$3,800. The Ethereum outlook remains medium-term bullish thanks to Fusaka, but short-term price action is still tied closely to overall market conditions.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Pi Network’s $136 million mystery whale fuels breakout hopes
NFT Gaming

Pi Network’s $136 million mystery whale fuels breakout hopes

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Pi Network’s token has been stuck in a tight range for weeks, but an anonymous whale quietly amassing more than $136 million worth of PI is stirring speculation that a breakout may be on the horizon.

Summary

  • The whale’s steady daily buying spree has raised eyebrows across the market—whether it’s a bold contrarian bet, a sign of insider knowledge about a potential exchange listing, or simply conviction that Pi Coin is undervalued.
  • Combined with a surging Altcoin Season Index, bullish technical signals like a narrowing Bollinger Band squeeze and a forming falling wedge pattern suggest PI could be on the cusp of a sharp rally.
  • For now, the mystery buyer’s relentless accumulation has become the catalyst keeping traders glued to Pi Network’s next move.

Pi Network price may jump as whale buying continues

One major catalyst for the Pi Coin (PI) price is that one mysterious whale continues to accumulate it. PiScan data indicates that the investor is purchasing new coins almost daily. His holdings have now jumped to over $136 million. 

The ongoing whale buying is a bullish aspect because it is unclear who the buyer is and why they are making these purchases. He may be an ordinary investor who believes that the Pi Coin price is cheap and that it will ultimately rebound. 

Another potential reason is that the whale could be a connected individual with insider information. For example, the whale could be part of a major centralized exchange that knows when it will list it, a move that would push it much higher. 

Further, the coin may benefit as the altcoin season continues. CMC data shows that the Altcoin Season Index has jumped 79, a trend that will continue in the coming months. In most cases, altcoins tend to do well when this season is underway.

Pi Coin price has contrarian technicals

Pi Network price chart | Source: crypto.news

Technical analysis reveals that the Pi Coin value has several highly contrarian catalysts that will likely drive it higher in the near term. 

The accumulation and distribution indicator has jumped to the highest point since May. This indicates that the asset is in the accumulation phase of the Wyckoff Theory, followed by the markup phase, where demand increases. 

The spread of the three lines of the Bollinger Bands has narrowed substantially in the past few months. In most cases, this performance of the Bollinger Bands leads to a squeeze.

A good example of a similar short-squeeze is what happened recently when the OKB price surged after the developers announced a major token burn. Pi Network may replicate such a move if there is an important announcement. 

Additionally, the coin has formed a highly bullish falling wedge pattern whose two lines are about to converge. This pattern often leads to a strong bullish breakout over time.



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