After reaching a high of $3.00, the Pi cryptocurrency has faced a downturn, yet key indicators suggest a bullish reversal could be on the horizon. With growing community support and increasing Pi Network market activity, investors are watching closely—could this be the turning point for the Pi Coin price?

Pi Network Shows Signs of Recovery

Pi Network Coin has been navigating a challenging market environment. However, the Relative Strength Index (RSI) has reentered bullish territory, signaling strengthening momentum for the Pi Network market. This suggests that investor confidence in the Pi Network Coin price is growing, and a rebound may be on the horizon.

Pi Network is consolidating near the 1.05 support zone, with Fibonacci levels hinting at a potential bullish reversal toward the $2.40–$2.60 resistance. Source: VIPROSE on TradingView

The Average Directional Index (ADX), another key metric, recently slipped below 25.0, indicating that the prior downtrend was losing strength. A break above this threshold would confirm an uptrend for Pi crypto value, potentially pushing the Pi Network price today toward new highs.

Key Resistance Levels for Pi Network Trading

Currently, the Pi cryptocurrency value hovers around $1.90, facing resistance at $1.98. A successful breach of this level could open the door for a climb to $2.30. If Pi Network Coin price flips $2.30 into support, it would set the stage for a retest of its previous all-time high at $3.00, requiring a 57% increase in Pi token price.

Pi Coin has rebounded from the $1.51 support and is likely to retest the $2 psychological resistance. Source: SUBROOFFICIAL on TradingView

However, if the Pi Coin market fails to surpass resistance, it could retreat to $1.64. A breakdown below this level could invalidate bullish momentum and trigger further declines, making it crucial for Pi Coin holders to watch market movements closely.

Pi Coin Exchange and Market Sentiment

Despite recent price struggles, Pi Network trading activity remains high. Pi Coin buy orders have seen a surge, indicating renewed interest from investors. Additionally, Pi Network news has highlighted the increasing adoption of Pi Network wallet usage, further solidifying the project’s market presence.

Pi cryptocurrency has yet to be listed on major exchanges such as Binance, but speculation continues to grow around a potential Pi Network Binance listing. Analysts suggest that Pi Network to USD valuation could see a significant boost if a major Pi Coin exchange announcement is made.

Pi Mainnet and Token Unlock Impact

Pi Network’s transition to its fully open mainnet remains a key factor in its long-term growth. As the network progresses, one major event impacting Pi Network price in dollars is the upcoming unlock of 188 million Pi tokens in March. With the current supply at 7 billion, this unlock raises concerns about increased selling pressure.

Pi Network’s Open Network launch enables external transactions, business integrations, and new exchange access, marking a major milestone for Pioneers. Source: Pi Network via X

However, data shows that 63% of Pi miners have locked their tokens for three years, limiting the immediate impact of the release. Many investors are also hesitant to sell Pi Network holdings, anticipating future growth alongside the mainnet expansion.

Can Pi Coin Reach $5 or Higher?

Market observers have presented bold predictions for the value of Pi Coin. Some traders believe Pi token price could surge beyond $5, with even more ambitious forecasts suggesting a climb to $40 or beyond.

Pi Network price must break above $3 to rejoin the recent bullish rally targeting $5. Source: P_S_Trade on TradingView

A highly speculative target of $314.159—symbolic of π (Pi)—has also been suggested, though this would require an astronomical increase in Pi crypto price and market capitalization.

Pi Currency’s Path to Major Exchanges

Industry experts argue that the Pi cryptocurrency value will increase once it secures listings on major exchanges like Binance and Coinbase. Analyst Kim H Wong believes Pi mining’s real-world utility and large user base position it for mainstream adoption. Pi Network Coin price ranking as the 11th largest cryptocurrency suggests strong demand, despite not being widely available on top-tier platforms.

The Pi Network exchange ecosystem continues to expand, with increased adoption in Asia and a growing presence worldwide. If Binance and Coinbase list Pi Network, it could lead to a surge in Pi Coin trade volume and greater mainstream recognition.

PI’s recent listing on CoinMarketCap has boosted the project’s visibility and credibility. Previously, PI trading was largely limited to peer-to-peer (P2P) and over-the-counter (OTC) markets due to regulatory concerns. The Coinmarket inclusion will bring new attention to Pi.

91% of CoinMarketCap users are bullish on Pi, Source: CoinMarketCap

Looking Forward: What Lies Ahead for Pi Crypto?

The future of Pi currency value hinges on breaking key resistance levels, upcoming exchange listings, and its expanding community. With strong support from users and ongoing speculation about Pi mainnet developments, Pi Network price remains a hot topic in the crypto space. Investors continue to watch closely, wondering whether Pi Network sell pressure will dominate or if a breakout rally will take Pi to new heights.