Pi Network (PI), a project often sparking debate with its mobile-mining approach, finds itself navigating sharp volatility following the release of its anticipated Mainnet Migration Roadmap. While the update triggered an initial 4% price bump, the PI token quickly surrendered those gains.
As of Monday, PI is trading at $0.6386, down nearly 16% over the past week. This decline places it under pressure, with the 20-day EMA acting as resistance at $0.6909.
Recent price action shows PI flattening out, hovering near the $0.6366 mark, according to TradingView charts. This sideways movement coincides with noticeable drops in both trading volume and accumulation metrics – the Accumulation/Distribution line recently fell to -466.7M.
This points to waning short-term enthusiasm and possible redistribution, indicating a consolidation phase post-hype.
Source: TradingView
Looking at price ceilings, Fibonacci levels drawn from the peak near $1.0990 to the recent low of $0.4000 show key resistances at:
- 0.618 Fib: $0.8230
- 0.786 Fib: $0.9494
- 1.618 Fib extension: $1.5310
A successful reclaim of these levels, particularly a close above $0.95, could catalyze a rally toward the $1.53 to $2.23 region. But this depends heavily on fundamentals.
Related: Is Pi Network on the Verge of a Breakout? Fresh Roadmap Fuels 4% Price Bump
Pi’s Unique Path to Mainnet: Building Trust?
Pi Network’s Mainnet migration is unfolding in three phases: First Migrations, Second Migrations, and Periodic Migrations.
Unlike typical crypto airdrops, Pi uses a robust, audited migration system; this process has already transitioned 12 million users – a major technical feat.
Tying tokens to verified mining and transparent in-app KYC embeds trust into its architecture and safeguards against rug pulls. The rollout also includes zero-cost KYC, giving everyday users a stake without financial hurdles.
Sentiment, Catalysts, and Forecasts
Despite the recent price slump, sentiment within the Pi community remains largely optimistic. Many believe a $5 target is still plausible, especially as the ecosystem expands.
The upcoming Consensus 2025 conference could mark a turning point. With Pi founder Nicolas Kokkalis sharing the stage with influential figures like Eric Trump and Robert Hines, Pi will receive its most mainstream exposure yet.
PI could even break above the $10 price tag in the next decade if adoption and utility remain high for the crypto project. However, the cryptocurrency space is known for being unpredictable and inherently volatile.
Related: Pi Network (PI) Price Crash: Token Unlock and Binance Uncertainty Weigh Heavy
AI’s Prediction for PI
Based on based on technical projections and fundamental milestones, AI chatbot ChatGPT made predictions for PI token:
- End of 2025: $1.20–$2.30
- 2027: $3–$5
- 2030: $7–$10
- 2035: $10–$25
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Leave a Reply