Members of the Pi Network community, called Pioneers, are showing increasing confidence in the price appreciation potential of Pi Coin (PI).
This sentiment is driven by a series of notable developments, including a major industry event, significant market activity, and technical indicators suggesting potential price increases.
Will Pi Coin (PI) Price Surge Strongly?
After launching the mainnet and reaching an all-time high at the end of February, the price of Pi Coin has dropped significantly. In fact, by the end of March, PI had fallen below 1.0 USD. Moreover, in the past month, this altcoin has declined by 30.5%.
At the time of writing, PI is trading at 0.64 USD, marking a slight 0.4% increase over the past day.
Pi Coin Price Performance. Source: BeInCryptoDespite unimpressive performance, market observers believe a price surge may be approaching. From a technical perspective, Pi Coin is currently accumulating around the 0.60 USD price level. Analysts have identified this as an important accumulation zone.
"After a long accumulation period, PI/USDT is showing signs of a potential breakout — and the next target could exceed 3.29 USD!" an analyst predicted.
The analyst suggests that positive momentum is not limited to price. He notes that Pi Network is also attracting attention in practical applications, with a growing community and ecosystem development. This indicates that its value and potential are supported by factors beyond market price.
However, some remain cautious. Analyst Rananjay Singh emphasizes that although the price has remained above 0.60 USD, showing some stability, significant challenges remain. According to Singh, these challenges include lack of an open mainnet, no listing on top exchanges, and absence of real-world use cases.
"Hype can initiate a price surge, but only real progress can sustain it. The next few months will reveal the truth," he wrote.
Meanwhile, recent market activity supports an optimistic outlook for PI. According to data from PiScan, large investors, or whales, are withdrawing significant amounts from exchanges.
"342 million PI remain on exchanges. In the past 48 hours, over 20 million PI have been withdrawn from exchanges. This indicates accumulation," a user posted.
This trend is often associated with an imminent price increase due to reduced exchange supply.
Finally, another important factor contributing to the price appreciation prospect is the upcoming appearance of Dr. Nicolas Kokkalis, Pi Network's founder, at Consensus 2025 in May. Kokkalis's participation is expected to enhance the project's vision and credibility, potentially attracting greater interest in Pi Coin.
"With Nicolas Kokkalis sharing the stage at Consensus 2025, Pi Network's Web3 credibility will skyrocket," a user affirmed.
The combination of these factors—enhanced visibility from Consensus 2025, large exchange withdrawals, and promising technical indicators—has positioned Pi Coin with potential for a breakout.
However, potential selling pressure from token unlocking must also be considered. Therefore, the coming weeks will be crucial in determining whether these expectations become reality.
