Pi Network Price Prediction: How High Can Pi Coin Go?

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Pi Network Price Prediction: How High Can Pi Coin Go?

Highlights

  • Pi Network Price rebounds 24% from ATL, signaling recovery.
  • Open Network anniversary highlights long-term ecosystem development focus.
  • Kraken listing speculation fuels optimism among community investors despite uncertainty.

Pi Network price extended its weekly rally, attracting fresh market attention. The token stayed above $0.16 despite mild bearish pressure and brief consolidation over the past day. 

Pi coin price recovered its February 11 all-time low of $0.1312, indicating a recovery of 24%, and indicating possible bullish behavior in the future.

Pi Coin Price Eyes Bullish Momentum as Pi Network Marks Open Network Anniversary

Pi Network marked the first anniversary of its Open Network on February 20 and released a strategic update focused on long-term progress. 

The message focused on the development of the ecosystem and not the temporary movements of the market. The number of users who have already moved to Mainnet on completing KYC verification exceeds 16 million, which is an indication of a consistent growth of the community.

The transition to the Open Network terminated the previously closed system in the project and enabled broad connectivity to the blockchain.  This transition enabled external transactions and expanded real utility across the network. 

In the last year, the team focused on building infrastructure and enhancing governance. According to the founders, stability of the system and consistency of its execution was a priority.

In a 28-minute update, the co-founders Nicolas Kokkalis and Chengdiao Fan explained their vision of the future. They responded to frustration of the community regarding the performance of the token, which is still much lower than optimal. 

Their primary objective is to create a powerful ecosystem backed by practical use. One of the projects being tested is a token-generation feature where the developers will be able to produce and roll out new tokens.

The most recent Version 19.6 Protocol enhances the coordination of nodes and network stability. Migration Version 20 is also being developed and should feature more upgrades as the platform progresses to a different stage of development.

The community has gained momentum due to speculation of a possible listing on Kraken. Most users feel that the anniversary update depicts the fact that long-term growth is the primary focus of the project.

Pi Network Price Eyes Key Levels: Is a Return to $0.30 Ahead?

As of the latest, PI Coin price traded at $0.1635, showing a slight decrease of 3% over the past 24-hours.  The token remained close to the lower end of its recent trading band, and the direction of the momentum was towards decreased bullishness.

The Chaikin Money Flow (CMF) was under zero, meaning declining buying power. This trend could be an indicator of pessimism as capital inflow reduces.

In the meantime, the MACD line crossed under the signal line. This reversal implied reduction in momentum following the mid-month spike. The histogram also remained negative, and this strengthens the cooldown.

If selling continues, PI Coin may retest the $0.15 support zone. A breakdown could expose the market to deeper pressure toward $0.12. On the upside, buyers must reclaim $0.18 to revive short-term confidence as per the full Pi Coin forecast report

Pi Network Price Prediction: How High Can Pi Coin Go?
Source: PI/SDT d-hour chart: Tradingview

An obvious breakout above that point can leave a way to $0.20. Additional strength might be aimed at $0.25 and later at $0.30, should the wider sentiment become better.

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Frequently Asked Questions (FAQs)

1. What triggered the recent price recovery?

The Open Network anniversary update and ecosystem developments boosted sentiment.

2. What is the significance of the Open Network anniversary?

It marks one year since Pi enabled external blockchain connectivity.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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