Pi Network’s cryptocurrency saw a strong increase in value in mid-March, but that growth has slowed down recently, and it hasn’t been performing well for the last few days.
One analyst believes the price could increase significantly – potentially by more than 100% – if it breaks through a key price barrier.
Time to Shine Again?
In early March, the price of PI briefly surged to around $0.30 after significant updates to the protocol and backing from major exchange Kraken. However, a typical reaction to the news – where people sell after an anticipated event – caused the price to fall. Currently, PI is trading at about $0.17 (according to CoinGecko), which is a 12% decrease over the last two weeks.
Even though the market is currently declining, some people still believe PI could soon increase in value again. For example, a user named Buzz Builder on X recently predicted a significant price increase, stating that Pi Network is actively being developed.
According to ALTS GEMS Alert, the recent stable trading around $0.17 suggests a significant price change is likely. They predict that if the price breaks above $0.20, it could potentially surge to $0.40.
“Accumulation looks complete. Ready for the breakout,” they concluded.
The Relative Strength Index (RSI) for PI suggests the price might soon increase. This tool measures how quickly and drastically the price changes, helping traders spot when a trend might reverse. The RSI ranges from 0 to 100; a reading below 30 usually means an asset is oversold and likely to rise, while a reading above 70 suggests a price drop could happen. Currently, PI’s RSI is around 35, which is nearing a level that often indicates a price increase.
The Warning Signs
Despite recent positive trends, the price might decrease in the near future. A large number of tokens are becoming available – over 207 million in the next 30 days, averaging around 7 million per day – which could lead to selling pressure. April 9th will see a particularly large release of 18.2 million tokens. While this gives investors who’ve been holding tokens a chance to sell, it doesn’t necessarily mean the price will fall.
The amount of PI tokens held on exchanges is also increasing, suggesting a potential pre-sale is happening. In the last day, around 1.3 million tokens were moved to these platforms, bringing the total held on exchanges to 475.2 million.
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2026-03-30 16:46