Pi Network Teases Bullish Reversal—But Can It Break the $1 Ceiling?

After a brutal pullback, Pi Network’s charts hint at a potential trend reversal—yet the road to $1 looks littered with hurdles.

Market skeptics whisper about ’vaporware momentum’ as traders weigh whether this mobile-mined crypto can defy gravity. Meanwhile, Wall Street hedge funds remain blissfully unaware—too busy chasing AI tokens and meme coin leverage.

One thing’s certain: in crypto, hope springs eternal... until the next liquidity crunch.

While the 20- and 30-day moving averages have flipped to buy, indicating that some buying strength is returning, short-term moving averages, like the 10-day EMA and SMA, are still flashing sell signals. Support seems to be forming around $0.77, but the token will need to break above $0.84 to confirm a stronger recovery.

Although PI is showing early signs of recovery, it still faces significant challenges that could restrict any sustained price growth. Many users have been unable to access their coins since the mainnet’s February launch because of persistent Know Your Customer delays. This has caused frustration, especially among early miners who expected to freely use or trade their tokens. 

Concerns have also been raised regarding the coin’s absence from prominent exchanges like Coinbase and Binance. Although PI is traded on sites such as Gate.io, Bitget, and OKX, the lack of a Tier 1 listing has kept liquidity low and held back wider adoption.

Some community members believe the team’s limited transparency might be one reason for the lack of listings. There are also questions about the $100 million Pi Network Ventures fund, which was supposed to support new projects in the ecosystem, but has yet to show any progress.

Despite having a large user base, possibly as many as 60 million, PI still has little practical application. Beyond speculation, there isn’t much demand for the token because there aren’t many widely used decentralized apps or decentralized finance services on the network. Events like PiFest have helped build hype, but without working products or real usage, price gains don’t tend to last.

PI may target the $1 mark once more if it can maintain support above $0.77 and overcome resistance at $0.84. But if it doesn’t take off, prices might return to the $0.70 range. The price might find it difficult to increase much more unless important problems like token accessibility, exchange listings, and ecosystem growth are addressed.