Pi Network (PI) Price Prediction: Can Pi Coin Defy Scam Worries and Hit a Pre-Pi Day Rally Above $0.65?

The Pi Coin price is currently hovering around $0.61–$0.65, placing it at a key technical and psychological level. But while some investors anticipate a pre-Pi Day breakout, growing concerns over phishing scams and mainnet delays are casting shadows over the Pi crypto value.

The recent downtrend in Pi Coin value has brought it close to a critical support zone at $0.6594. Analysts have observed a slanted triple-bottom pattern forming on the chart, which, if confirmed, could pave the way for a bullish reversal. “Triple bottoms often indicate that sellers are losing momentum,” noted one technical analyst. “When paired with other indicators like a bullish MACD divergence and a Bollinger Bands squeeze, the stage is set for a possible breakout.”

Pi Network has broken out of a falling wedge pattern, with unmitigated liquidity and a Fair Value Gap (FVG) suggesting a potential retracement back to the FVG zone. Source: bullcrypto_1235 on TradingView

If momentum builds, a move toward $0.8665—last seen on May 22—could follow. Should Pi breach this barrier, the next psychological resistance lies at $1. Such a surge would represent a 60% gain from current levels. However, this bullish outlook becomes invalid if Pi Network Coin price drops below its support trendline, breaking the integrity of the triple-bottom pattern.

The upcoming Pi Day 2 celebration could serve as a key inflection point for Pi cryptocurrency. Set for June 28, this event—also referred to as Tau Day—is expected to reignite discussion around the project and may include major announcements from the Pi Core Team.

The Pi market is consolidating ahead of Pi Day 2 on June 28, with a potential recovery expected as unlocks slow and investor confidence builds. Source: Dr Altcoin via X

There is also speculation that exchanges could use this day to list Pi Coin publicly. A strategic listing, especially on a platform like Binance or Coinbase, could create a “God Candle” moment—a rapid spike in price triggered by sudden demand. This was recently observed with Ravencoin, which soared by 90% after its Upbit listing.

Despite recent price slumps, some market participants remain optimistic. Crypto researcher Kim Wong called the $0.65 level a “bargain zone,” pointing to reduced short-term enthusiasm but increased long-term potential. “We’ve seen around 80% of early adopters disengage,” Wong said, “but the remaining 20% are now seeing progress through Pi wallet migration and ecosystem development.”

With more users completing Know Your Customer (KYC) verification and migrating their tokens to personal Pi wallets, circulating supply is expected to decline. This scarcity could eventually create upward pressure on Pi token price, especially as new users enter and interact with the Pi Network market.

As bullish hopes mount, the Pi Network Core Team is simultaneously battling an increasing wave of phishing attacks. Over the past few days, multiple warnings have been issued about fake wallet websites that closely mimic the official Pi wallet interface.

Pioneers should verify URLs carefully, as scammers are mimicking the authentic purple Pi Wallet in the Pi Browser to steal passphrases and drain accounts. Source: Pi Network via X

“The only legitimate Pi Wallet is located at wallet.pinet.com and must be accessed via the Pi Browser,” the team warned. These fraudulent platforms are designed to steal secret passphrases, which, if compromised, lead to irreversible loss of PI coins.

The Core Team emphasized that no official Pi representative will ever request wallet passphrases, verification codes, or contact users through phone calls or unsolicited messages. “Scammers are using cloned websites and fake social media accounts to trick users,” they stated in a blog post. “Always verify the URL and trust only official Pi domains.”

With more users transitioning to the Open Network, the risks of falling prey to such scams have grown. To help users stay protected, Pi has urged the community to visit the Pi Safety Center for verified apps, tools, and ongoing security alerts.

The Pi Network’s continued focus on decentralization and mobile-first mining has helped maintain an active, albeit cautious, user base. The recent launch of a $100 million developer fund to promote DApp creation on mainnet Pi is seen as a significant step toward real-world utility. If successful, this initiative could boost Pi Network trading volumes and expand its use case beyond speculation.

Pi Network was trading at around $0.62, down 3.06% in the last 24 hours at press time. Source: Brave New Coin

However, migration delays, lack of public exchange listings, and governance transparency remain pressing concerns. Until these are addressed, Pi cryptocurrency value is likely to face headwinds despite its community strength.

The Pi Network Coin sits at a pivotal moment. Technical signals suggest that a breakout above $0.65 is possible, especially with the buzz surrounding Pi Day 2. Yet, scam concerns and user skepticism about project execution continue to weigh on investor confidence.

For now, Pi Coin news remains a blend of cautious optimism and unresolved challenges. If key developments like exchange listings or mainnet upgrades materialize in the coming weeks, Pi Coin could very well break through resistance zones and enter a new phase of growth. Until then, investors are advised to tread carefully, stay informed, and prioritize wallet security as the Pi ecosystem evolves.