Pi Network is Mirroring Pepe Coin’s 70% Price Boom — More Gains To Follow?

Pi Network (PI) and Pepe Coin (PEPE) surged impressively in the last 24 hours as crypto markets erupted on optimism surrounding renewed US-China trade talks.

Bitcoin broke past $100,000 for the first time since January, while Ethereum led gains among major altcoins, pushing the broader crypto sentiment into risk-on territory.

Against this backdrop, memecoins and speculative tokens like PEPE and PI are stealing the spotlight with technical breakouts fueling further upside bets.

Pepe Coin Jumps 70% on Bullish Reversal Breakout

Pepe Coin has rallied nearly 70% since May 8, breaking decisively above a multimonth symmetrical triangle pattern that had capped its price action since February.

The daily chart shows PEPE closing above its 200-day exponential moving average (EMA), a level closely watched by traders as a key trend indicator. Notably, the price has already surpassed the 0.236 Fibonacci retracement level at $0.00001110, flipping it into support after months of resistance.

This move opens the door for a potential run toward higher Fib levels, including the 0.382 at $0.00001444 and the 0.5 retracement at $0.00001714.

Adding to the bullish case is the relative strength index (RSI), now sitting deep into overbought territory above 82, a level that historically coincides with strong momentum-driven rallies.

While this raises the risk of short-term pullbacks, traders argue that PEPE’s breakout above a major trendline could attract more speculative inflows targeting Fib extensions up to $0.00004727.

Pi Network Looks Poised for Follow-Up Rally

Interestingly, Pi Network is displaying a similar technical setup.

Like Pepe, PI has broken out of its symmetrical triangle pattern, validated by rising volumes and a daily close above the upper trendline. On May 9, PI gained nearly 16% to trade around $0.75.

The symmetrical triangle’s upside target sits around $0.95, up around 30% from the current price levels.

If PI continues to mirror PEPE’s breakout trajectory, it could target the next Fib levels at around $1.00 (0.236 retracement) and $1.39 (0.5 retracement) in the weeks ahead.

A potential move toward $2.00 — the 0.618 Fib retracement — could materialize if broader crypto sentiment remains bullish and Bitcoin sustains above $100,000.

In the meantime, traders are watching the $0.95 resistance zone closely. A decisive breakout above this level would confirm a trend reversal, similar to PEPE’s pattern, paving the way for a strong upside continuation for Pi Network in May.