Why Pi Network Price Could Skyrocket to $0.20 This Week

Pi Network price has been climbing steadily, rising by 6% to $0.189 in the last 24 hours. Over the past week, Pi coin has surged more than 40%, maintaining a strong bullish momentum. Currently trading above the $0.18 mark, Pi coin is eyeing the $0.20 target. If the positive trend continues, further gains could be on the horizon.

The trading volume has increased to $26.62 million, which represents 12% growth. Technical analysis shows that bullish pressure is increasing, and immediate resistance levels are being considered. 

Pi Network has also risen above the top coins, including Bitcoin, Ethereum, XRP, and Solana, after hitting an all-time low of $0.13 earlier this month.

Here’s Why Pi Network Price Is Up Today

Pi Network’s Pi Coin has seen a notable increase in value recently, sparked by several key developments. The transition to Protocol 23 of the Stellar Consensus system as opposed to Protocol 19, is one of the main factors contributing to the price boom.

The upgrade is a big leap to the Pi Network, which attracted both investors and enthusiasts.

Adding to the price increase, Pi Network has earned some kind of recognition when Kraken added Pi Coin to its 2026 listing roadmap. This news has sparked speculation that Kraken could be listed with the token in the near future, which will provide the token with increased liquidity and access to U.S. investors.

The hype is also enhanced by the fact that the first anniversary of the mainnet will be on February 20, and it will likely mark the most critical point of the network.

These are not the only factors, as Pi Network has also taken significant steps within its ecosystem, especially the introduction of an AI-based KYC system. This development has helped almost 2.5 million pioneers to qualify to migrate, and this has increased the potential of the token on the market even more.

The network is also involving palm print verification to improve security. With such developments in progress, Pi Coin is steadily increasing in value, and people are looking forward to a future validator reward payment in March.

How High Can Pi Coin Price Go This Week?

The PI price surged to $0.1891, marking a notable increase of 6% in the past 24 hours. 

The cryptocurrency then experienced a consolidation phase before a sharp surge above the resistance point of $0.18, giving it a bullish momentum.

The market is already keeping an upward trend in a specific channel, which may indicate the possibility of additional gains.

The Moving Average Convergence Divergence (MACD) indicates a positive trend. The signal line is being overtaken by the MACD line. This means that buying pressure is on the rise.

Also, the Relative Strength Index (RSI) is at 63. This indicates a high level of bullishness without going into overbought regions. For now, the immediate target for the long-term PI Coin price is the $0.22 resistance zone.

If the price of the Pi coin succeeds in breaking this level. The next major target is approximately $0.24, and traders are looking up to more.

The support is, however, firm at $0.18 and therefore a crucial level that bulls must defend.