Pi Network Bulls Dig In at $0.74 — Can the Rally Overcome Hurdles to Hit $1?

Pi Network’s price action shows resilience as buyers hold the line at $0.74—a critical support level. But the road to $1 isn’t just a hop, skip, and jump away.

Key resistance levels loom like unpaid parking tickets, and liquidity gaps threaten to trip up momentum. Traders eyeing a breakout must navigate these landmines—because in crypto, even ’sure things’ have a habit of face-planting when Wall Street least expects it.

Will Pi defy the skeptics? Or is this just another dead-cat bounce in the making? The charts don’t lie—but they do enjoy a good plot twist.

The major moving averages for the 10, 20, 30, and 50-day periods are all trending upward. If conditions hold, these signals, along with a positive Awesome Oscillator and a strengthening trend in the Average Directional Index, suggest a potential upward reversal.

Beyond technical issues, PI continues to face difficulties. Millions of users are still frustrated by the mainnet migration and know-your-customer verification delays, which limit access and transfers, particularly in China. In addition, the token is not listed on major exchanges like Coinbase or Binance, and liquidity is still low. 

Even though the community voted overwhelmingly for a Binance listing, the token is yet to be listed on the platform. Pi’s market depth on platforms such as OKX remains below $100,000, which restricts its growth potential. 

Another obstacle is utility. In the absence of significant decentralized finance projects or decentralized apps, the demand for PI is primarily speculative. A rally to $1.35  just before the $100 million Pi Network Ventures fund announcement on May 14 quickly reversed, showing how fragile sentiment can be without real use cases. 

Adding to the pressure, more than 1.47 billion PI tokens are scheduled to unlock over the next year, which could increase selling pressure unless balanced by token burns or rising demand. Regulatory uncertainties and concerns about insider selling and centralized control have also raised doubts within the community.

If buyers hold support NEAR $0.74 and push through resistance at $0.90, a move back toward $1 is possible, especially if trading volume stays strong or a major listing or token burn happens. If momentum fades and structural problems remain, PI could fall below $0.74 and tigger another downward trend, with the large upcoming token unlock adding to the pressure.