Pi Network Price Prediction: Analysts Eye Monster Rally If This Key Event Sparks the Breakout

The Pi Network (PI) price has turned lower again in recent days, despite resilience in the broader crypto market, though an upcoming key event could trigger a dramatic reversal in PI’s fortunes, analysts think.

PI was last changing hands around $0.61, having slipped back below its 21DMA amid a bearish breakout from a short-term pennant pattern.

That suggests, in the short-term, price risks are titled towards the downside. The near-term bearish technical outlook syncs with bearish token fundamentals.

Since the launch of the Open Network in February and an initial hype-fueled price spike up to $3.0 per token, the Pi Network price has slumped over 80% amid major token unlocks, that could continue to weigh on the price in the near-future.

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However, in wake of its major recent downturn, the time might be nearing for a rebound. And one analyst thinks the catalyst could be coming up in just over two weeks.

“I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025)” widely followed analyst Dr Altcoin said in a recent X post.

Pi is doing well! I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces. pic.twitter.com/iaSDGzqwYa

That’s instead of the pump coming at “the end of August when Pi unlocking significantly reduces”, he added.

Pi Network is a sponsor of the event, one of the biggest summits in crypto, and its founder Nicholas Kalallis is one of the speakers.

A major Pi Network price recovery would likely see PI reach all the way back to its 50% Fibonnaci retracement from the April lows under $0.40 to the record highs near $3.0, which is around $1.70.

That could mean a rally of nearly 3x from current levels. So now might be a good time for investors with a high risk tolerance to consider getting into the market.

The Pi Network’s price is likely to perform well in the long run due to its growing user base and innovative mobile mining model, which fosters widespread adoption and sustained demand.

A potential surge to new record highs next year could be driven by the project’s mainnet launch and increasing merchant acceptance, significantly boosting its utility and market confidence.

While Pi Network’s price stumbles and chart analysis suggests further near-term pain, Best Wallet’s presale shines as a smarter investment.

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Analysts like Crypto Gains predict a 10x surge post-launch due to its 250,000+ user base and features like staking rewards (134% APY).

Unlike Pi’s uncertain future, Best Wallet’s proven traction and mass-market appeal make it a high-potential bet for 2025.

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