Pi Network Price Prediction: What’s Next After Crash?

Staff Report

Islamabad: The Pi Network coin (PI) has been through a rollercoaster lately. After a sharp rise to $3 following its mainnet launch in February, it’s now trading around $0.63 — an 80% drop that’s left many in the crypto community wondering what’s next.

Over the past week, Pi Network’s price has remained flat, hovering around $0.63 despite a brief bullish breakout to $0.7860. But that rally didn’t last. The coin quickly pulled back, raising fresh doubts about whether it can bounce back in the near term.

Analysts have been keeping a close eye on the technical indicators. Recently, PI formed a falling wedge pattern, often seen as a bullish sign. That pattern briefly pushed prices upward — but the momentum didn’t hold.

Now, a more bearish head-and-shoulders pattern is forming, and PI is currently trading below its 50-period moving average — not a great sign for short-term gains.

If the coin doesn’t hold its support level around $0.6040, it could fall further to test this month’s low of $0.40. However, if it manages a double-bottom reversal, there’s potential for a push toward the key psychological resistance at $1.

What Is Pi Network?

Pi Network is a unique cryptocurrency project that allows users to mine PI coins directly from their smartphones. This mobile-first mining approach has helped it build a massive global user base, especially in countries like Nigeria, India, and Vietnam.

Though it has been in development for years, the Pi Network has only launched its mainnet recently. And the coin isn’t yet officially listed on major exchanges as it adds both mystery and risk to its market behavior.

Is a Pi Coin ETF on the Horizon?

With the recent approval of Bitcoin and Ethereum ETFs, some PI holders have been dreaming big now.

They want a Pi Coin Exchange-Traded Fund (ETF) and even there’s even been chatter about an XRP ETF lately to fuel further speculation.

While the idea is exciting, it may be important for you to note that there are currently no official plans for a Pi Network ETF.

The U.S. SEC (Securities and Exchange Commission) has enforcement of strict requirements for ETF approval. These included market maturity, liquidity, and regulated exchange listings. Unfortunately, Pi Network has not met any such standards yet.

Still, the discussion is going on around a potential ETF that shows how much enthusiasm and community support the project continues to enjoy.

Especially, at a time when the overall crypto market outlook improves under a potentially more crypto-friendly U.S. administration.

What Should PI Holders Watch For?

• Support at $0.6040: Can PI hold the line, or will it dip to $0.40?
• Resistance at $1: A double-bottom breakout could send PI surging back.
• ETF Speculation: Watch how regulators and the Pi Network team respond to increasing calls from the community.

The road ahead is uncertain but one thing’s for sure. Pi Network isn’t going to be unnoticed. With a passionate global following and a unique approach to crypto mining, it has potential to still surprise us.