Pi Network price goes parabolic as wedge pattern activates

 As of my latest knowledge, **Pi Network's price** isn't officially listed on major exchanges since the project is still in its **Enclosed Mainnet phase**, meaning PI coins are not yet freely tradable on the open market. However, some third-party platforms and futures markets (like BitMart, Huobi, or P2P trading) may show speculative prices.

### **"Parabolic Move" & Wedge Pattern Activation – What Does It Mean?**

If reports suggest PI's price is going **parabolic** due to a **wedge pattern breakout**, this likely refers to **technical analysis (TA)** on unofficial trading venues. Here’s what it could imply:

1. **Falling/Wedge Pattern Breakout**  

   - A **falling wedge** is typically a **bullish reversal pattern**.  

   - If PI breaks out **upward** from this pattern, traders may anticipate a sharp rally.  

2. **Parabolic Move**  

   - A rapid, exponential price surge (often driven by hype, FOMO, or low liquidity).  

   - Could indicate a **short-term pump**, but may not be sustainable without real adoption.  

### **Should You Trust the Price Movement?**

- **Unofficial Markets ≠ Real Value**: PI isn’t yet open for free trading, so prices on P2P or futures markets may not reflect true demand.  

- **Mainnet Launch Needed**: Until Pi Network opens its **Open Mainnet**, the price remains speculative.  

- **Potential Risks**: If trading is happening against Pi’s terms, users risk **losing access** to their coins.  

### **What’s Next for Pi Network?**

- The team has hinted at a **2024–2025 Open Mainnet launch**, but no confirmed date exists.  

- Once PI becomes freely tradable, real price discovery will begin.  

### **Bottom Line**

If PI is showing a **parabolic move**, it’s likely driven by **speculation** rather than fundamentals. Always verify if the trading source is legitimate before making decisions.