Pi Network Primed for Explosive Rally—If This Catalyst Triggers Breakout

Crypto analysts are circling Pi Network like sharks scenting blood in the water. The obscure project—once dismissed as ’mobile mining vaporware’—now flirts with a potential parabolic surge. But there’s a catch.

The make-or-break moment? Mainnet migration finally going live after years of delays. Skeptics scoff at the timeline (again), while true believers point to Pi’s 35M+ ’engaged users’—a term as elastic as your average crypto whitepaper ROI projection.

Technical charts show a coiled spring: Pi’s price has consolidated near historic lows while Bitcoin and ETH ripped upward. Traders whisper about a 5-10x move if the team delivers actual utility beyond mining app notifications.

One hedge fund quant we spoke to put it bluntly: ’This either becomes the next BNB or the next Bitconnect—no in-between.’ Meanwhile, retail miners keep stacking Pi coins like lottery tickets, proving the oldest crypto rule: hope outlasts bear markets every time.

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.

New Feature Alert: Pi Unlock Statistics!

Now you can track Pi unlocks over the next 30 days based on claimable balances—whether user-locked or distributed by the Pi CORE Team. Unreleased Pi not yet in claimable balances is not tracked.

Stay updated & check regularly!… pic.twitter.com/mACfWbzdgO

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.

This Key Catalyst Could Spark Breakout

“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.

Better Alternative to Consider – Best Wallet (BEST)

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

Over $11M Raised & Counting!

The Best Wallet ecosystem keeps growing, and early holders are locking in their spot.

Now is your chance to secure exclusive rewards and be part of the next-gen crypto wallet.

Don’t miss out!https://t.co/eMjBsXbv1H pic.twitter.com/p3E6BvxnDS

Best Wallet, a non-custodial, multi-chain crypto wallet, has raised over $11.5M, with its BEST token priced at $0.024625.

Its “Upcoming Tokens” launchpad, already delivering 10x-50x returns on projects like PEPE Unchained, showcases real utility.

Discover new crypto projects before the hype hits!

Upcoming Tokens in Best Wallet lets you:

Find early-stage crypto projects
Learn key info before buying
Buy directly in-app, no third-party wallet connections needed

It’s the easiest way to explore and access new… pic.twitter.com/iL09tzptzV

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.