Pi Network Price Analysis: Upcoming Turning Point or New Bearish Cycle?

The price chart of Pi Network is showing signs of tension forming, with the price moving within a narrow range and trading volume decreasing steadily. All eyes are currently on the important support level around $0.60. The big question is — will Pi hold this line, or are we about to see a stronger correction if it slips below this mark? Current Situation of Pi Coin Launched in 2019, Pi Network quickly attracted attention thanks to its cryptocurrency mining model via smartphones – a completely new approach that allows users to easily participate in the blockchain world without the need for expensive hardware. After many years of waiting, Pi will finally be listed on exchanges in February 2025. However, the actual listed price has disappointed many investors: instead of the predicted price of around 50 USD, Pi only opened at around 3 USD. Since then, the price has fallen sharply, currently fluctuating around 0.60 USD – which means losing nearly 78% of its value since the first peak. However, Pi Network still maintains a certain appeal thanks to its unique mining model and a community of over 35 million global users. Recent Technical Analysis Currently, the price of Pi is trading in a narrow range, with trading volume continuously falling – a sign that the market is in an accumulation phase and waiting for a breakout. The important support level at 0.60 USD is being closely monitored. If this level is broken, it is highly likely that Pi will face a deeper correction. Technical indicators such as RSI, MACD, and Stochastic RSI all indicate that the downtrend is prevailing. At the same time, the descending wedge model ( has formed since mid-May, but the price still has not been able to break out of this pattern, indicating a prolonged tug-of-war between buyers and sellers. At the resistance level, Pi is struggling to approach the area around 0.79 USD, where selling pressure is showing signs of increasing, while buyers are hesitant. Price Forecast for Pi Network by the End of 2025 According to predictions from CoinDCX, Pi Network may start November with a positive trend, potentially returning to the 2.00 USD mark, and even rising to 2.38 – 2.40 USD by the end of the month. Moving into December, if the upward momentum is maintained, Pi could reach the 2.75 – 2.80 USD range. However, these forecasts still need to be evaluated in the context of the actual market and the internal factors of the project. The Challenges of Pi Coin Although the potential is real, Pi Network still faces many obstacles: Unofficial Mainnet: Despite being listed, Pi's )mainnet( mainnet has not yet been fully opened. This raises doubts about the actual operability and long-term potential of the project. Few supporting exchanges: The fact that it is only listed on a few small exchanges causes low liquidity, and the trading volume is not large enough to maintain a stable price. Legal risks: Like many other cryptocurrencies, Pi also faces scrutiny and uncertainty from regulators. Excessive comparison with Bitcoin: Some optimists have claimed that Pi could reach $1,000 or higher – which is far from reality, because if it reaches that price, Pi's market capitalization will exceed $6 trillion, many times the current market value )ước about 500 million USD(. Conclusion Pi Network is at an important juncture. If it can hold the support level of 0.60 USD and attract more confidence from the community, the project may have a chance to recover by the end of the year. However, risks remain, especially with the mainnet yet to launch and many legal uncertainties. Investors need to carefully consider and closely monitor the technical developments in the near future.