Pi Network Price Prediction: Analysts Eye $1 Target After Breakout

Pi Network’s crypto is grabbing attention once again, with analysts tracking a noticeable rise in Pi Coin’s price momentum and user interest. After a quiet spell, Pi seems to be heating up – its recent price moves and growing ecosystem activity are starting to turn heads. Some believe it’s gearing up for a major breakout, possibly toward the $1 mark.

Here’s a closer look at what’s driving the buzz – and what could stand in its way.

Pi Coin Breaks Above $0.60: It’s Looking Bullish!

After moving past the $0.60 level, Pi Coin has sparked fresh optimism among traders and analysts. Although there’s no clear agreement on when it might reach $1, the recent price action suggests growing strength.

Crypto analyst Xia recently pointed out that Pi Coin had climbed above $0.63, reaching a local high of $0.6441. She highlighted strong trading volume and bullish signs in technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), which could be early signals of a longer-term upward trend.

Beyond price action, Xia also emphasized Pi’s strong ecosystem growth. During the recent Pi Fest event, more than 1.8 million users took part, and over 58,000 sellers were involved in boosting network engagement. Despite these impressive numbers, she questioned why some traders are still hesitant about Pi’s long-term potential.

Warnings from Analysts: Risks Still Remain!

While Xia remains optimistic, analyst Dr. Altcoin took a more cautious stance. Referring to the recent crash in OM token, he warned that Pi could face a similar drop if certain problems aren’t addressed. He outlined three key steps the Pi Core Team should consider to support Pi Coin’s price:

1. Increase the number of KYB-approved exchanges and expand access to platforms like OKX, especially in restricted markets.
2. Attract institutional investors to help absorb the growing Pi supply. He mentioned BANXA as one example of a potential large-scale buyer.
3. Provide regular updates from the Pi Core Team, including news on partnerships or product developments that could help build market confidence.

Pi Network Price Prediction 

Analyst Moon Jeff believes Pi Coin is holding its $0.61 support well and could be poised for a move back to $1 if momentum continues. Another analyst, PiNewsZone, echoed this sentiment, suggesting that Pi would become “unstoppable” once it breaks above $1, encouraging users to accumulate during this phase.

Pi Token Unlock: Supply Shock Ahead?

Despite positive signs, Pi Coin faces a major challenge – its upcoming token unlocks. According to Pi Scan, over 108.9 million PI tokens are set to be released throughout April, adding pressure to the circulating supply and potentially affecting the price.

On April 16 alone, 2.8 million PI tokens were unlocked. The daily unlocks are expected to continue, with 5 to 6 million tokens entering the market each day. For example, 5.74 million tokens are scheduled for April 20, followed by 5.14 million on April 21, and 5.91 million on April 22.

With strong technical signals, growing community engagement, and rising attention from analysts, Pi Coin could continue its upward move. But the ongoing token unlocks may slow its progress in the short term.

For now, investors are keeping a close eye on the coin’s next moves as it approaches a critical point in its journey.

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