Pi Network’s price has remained flat in June, failing to participate in the current cryptocurrency market rally. Pi coin (PI) traded at $0.63 on June 10th and has not moved since May 31st, a decline of 62% from its all-time high in March. The token is now significantly below its historical peak of $3. Technical analysis points to a potential price surge as the token consolidates. A narrowing Bollinger Bands spread suggests declining volatility, which historically precedes significant bullish breakout movements. In May, a similar scenario occurred, resulting in a 175% increase in value. The historical volatility indicator has plummeted to its lowest point since May 7th, down sharply from last month’s high. The Average True Range, another key volatility measure, also reached its lowest level on June 6th, indicating minimal price fluctuations. Pi Network has formed a double-bottom pattern with support at $0.5850 and a potential neckline at $1.6708. This indicates potential upside momentum, with targets potentially reaching the psychological levels of $1 and the $1.6708 neckline, which are approximately 57% and 160% above the current price, respectively. A drop below support at $0.5497 would invalidate these bullish predictions and signal further downside movement towards its all-time low of $0.40. Potential catalysts for Pi Network’s price include a broader cryptocurrency market rally, rising social media activity, and a potential short squeeze if exchanges list the token. The upcoming Pi Day 2 event on June 28th might also contribute to price momentum.