PI's weekly chart just printed something it hasn't shown since before the July collapse: a bullish candle, where this week's full range swallowed last week's decline entirely. That's not a minor technical footnote.
On a weekly timeframe, a like this typically signals more than a one day bounce, it suggests a shift in who's actually in control of the chart.
PI is up roughly 9.7%-28% over the past seven days, trading near $0.092–$0.096 after climbing from the July 14 all-time low of $0.070979.
This piece treats that weekly signal seriously while keeping the claim honest about how far it can realistically carry price.
PI trades near $0.092–$0.096 today, up about 9.7%- 28% over the past 7 days, having reclaimed its 20-day EMA near $0.097 for the first time since the decline began.
The weekly chart shows a bullish pattern, a formation where an entire week's gain erases the prior week's loss, which technical analysts read as a meaningful shift in short-term control from sellers to buyers.
The next real tests sit at the 50 day EMA ($0.115–$0.122) and, further out, the 100 day EMA ($0.135–$0.140).
Some coverage has floated a revisit of PI's $3 all-time high on the back of this pattern. That's not a realistic near-term claim, it would require roughly a 30x move from today's price.
Read the engulfing pattern for what it actually signals: room for a meaningful multi-week move within a still-damaged broader trend, not an imminent return to launch-era prices.
Detail | Explanation |
Pattern definition | A weekly candle whose full range (open to close) completely engulfs the prior week's candle, in the opposite direction of the prior trend |
Why it matters more on weekly charts | Weekly patterns filter out daily noise, capturing a full week of aggregated buying and selling; a reversal signal here carries more statistical weight than the same pattern on a daily chart |
PI's specific setup | This week's gain has erased last week's decline, following the July 14 all-time low, the sharpest capitulation point in PI's public trading history |
Immediate confirmation already achieved | Reclaiming the 20 day EMA near $0.097, the first of four major moving averages PI needed to clear |
Next test | 50 day EMA near $0.115–$0.122; a decisive close above this would be a stronger confirmation than the engulfing pattern alone |
Historical precedent for PI specifically | A similar bullish engulfing weekly candle in May preceded a run from roughly $0.287 (comparable token pattern) to notably higher levels on elevated volume, though each instance should be judged on its own merits |
The reason this pattern deserves attention rather than a quick mention: it's one of the more statistically reliable reversal signals in technical analysis precisely because it requires a full week of sustained buying to form, not a single volatile session.
PI achieving this immediately after its deepest capitulation low is a genuinely different setup than the choppy, single day bounces that characterized the first two weeks of July.
It's worth directly addressing the more excitable claims circulating alongside this pattern: some coverage has suggested PI could work back toward its $2.98–$3.00 all-time high by the end of 2026. That would require roughly a 30x move from current levels, a claim disconnected from anything the current technical setup actually supports.
What the engulfing pattern does support is a case for a meaningful, multi-week move toward the 50 day and eventually 100-day EMAs, roughly $0.115 to $0.140, a substantial percentage gain from here without requiring anything close to a full trend reversal back to 2025 levels.
● The 127.5 million PI July unlock continues adding supply regardless of the technical pattern.
● PI remains below its 200-day EMAs, meaning the broader, longer-term trend has not reversed.
● Extended technical patterns can fail, particularly in thinly traded, retail-heavy markets like PI's.
● Protocol v25's July 22 launch, one day from now, adds a binary event risk that could either reinforce or disrupt the current momentum.
Metric | Current Reading |
Current Price (approx.) | $0.092–$0.096 |
7-Day Change | 9.7%- 28% |
Weekly Chart Pattern | Bullish confirmed |
20- EMA | $0.097- recently reclaimed |
50- EMA (next test) | $0.115–$0.122 |
100-EMA | $0.135–$0.140 |
All-Time Low (July 14) | $0.070979 |
Protocol v25 Launch | July 22, 2026 (tomorrow) |
Pending Unlock | 127.5 million PI over 30 days, ongoing |

Indicator | Current Reading | Signal |
Weekly chart pattern | Bullish confirmed | Statistically meaningful reversal signal on a weekly timeframe |
Price vs. 20- EMA | Reclaimed, $0.097 | First resistance rung cleared |
Price vs. 50/100/200-day EMAs | Still below all three | Broader trend remains technically bearish despite the weekly signal |
7-day change | +28% | Confirms the pattern with actual price performance, not just candle shape |
Protocol v25 | Launches tomorrow, July 22 | Near-term binary catalyst |
Scenario | Next 30 Days | End of 2026 | Key Condition |
Bear Case | $0.075–$0.09 | $0.06–$0.10 | Weekly engulfing pattern fails to follow through; unlock supply overwhelms momentum |
Base Case | $0.095–$0.12 | $0.10–$0.16 | Pattern holds; 50 EMA becomes the next real test following v25's launch |
Bull Case | $0.12–$0.15 | $0.16–$0.24 | 50 EMA clears; v25 drives visible adoption; 100-day EMA comes into range |
Extreme Bull | $0.16+ | $0.25–$0.40 | Full EMA ladder clears; sustained volume; broader altcoin sentiment materially improves |
Risks | Opportunities |
PI remains below the 50,100and 200-day EMAs, keeping the longer-term trend bearish | The weekly bullish pattern is a statistically meaningful signal that PI hasn't shown since before its July collapse |
127.5 million PI unlock supply continues entering circulation regardless of the technical setup | The 20-day EMA has already been reclaimed, the first confirmation step in a longer recovery ladder |
Some coverage's ATH-retest framing sets unrealistic expectations that could sour sentiment if unmet | Protocol v25's July 22 launch offers a genuine, near-term substantive catalyst just one day away |
Extended technical patterns can fail, especially in thin, retail-heavy markets like PI's | A confirmed move toward the 50-day EMA would represent a substantial, realistic gain without requiring a full trend reversal |