Is Pi Network on the Verge of a Massive Breakout? 3 Key Reasons Why Pi Coin Could Skyrocket!

Jakarta, Pintu News – In the dynamic world of cryptocurrency, Pi Network (PI) is emerging as a promising coin with significant growth potential.

Originating from the United States, Pi Network is attracting attention due to several factors that support its potential price increase.

From political support to increasing global adoption, as well as strong technical indicators, here is an in-depth analysis of why the Pi Network may soon experience a price surge.

Pi Network: American-made with Potential Political Support

Pi Network, as a crypto coin created in the United States, has a unique advantage in gaining political support.

Former President Donald Trump has stated that his approach to crypto will focus on coins made in America, such as Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Cardano ADA->Current ADA PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and Ripple XRP->Current XRP PriceRp 0Market CapRp 15.147.766 TriliunTrading Volume-Circulating Supply-. However, Trump’s statement mentioning “others” suggests the possible addition of valuable coins from other countries in the near future.

Read also: Ripple (XRP) Crashing to $1? Should Investors Sell Now?

Changpeng Zhao, founder of Binance, emphasized that Trump’s statement opens up opportunities for Pi Network, which has a market capitalization of more than $12 billion, to be added to the reserve.

This also increases the likelihood that the SEC will approve the Pi Network ETF, given its size which is now larger than other coins that have ETF applications such as Litecoin LTC->Current LTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Hedera (HBAR), and Stellar XLM->Current XLM PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Growing Pi Network Adoption

Recent reports show that the Pi Network continues to gain traction globally. One indicator is through Map of Pi, an app within the Pi Network ecosystem that shows all the places where Pi is accepted.

From China to Nigeria, the number of merchants accepting Pi coin has reached over 27,000. This shows that Pi Network is moving towards its goal of becoming a better alternative to Bitcoin (BTC).

With adoption on the rise, the intrinsic value and demand for Pi Network is expected to continue to grow, providing a positive boost to the coin’s price in the global market.

Technical Strength of Pi Coin Price

Reporting from Coingape (4/3/25), technical analysis of the Pi Network price shows very positive indicators. In the hourly chart, it can be seen that the recent price decline ended when it reached $1.5177, which is the 61.8% Fibonacci retracement level.

Read also: Pi Network Surges Past Hedera in Market Cap – What’s Next for Pi Coin?

This level is crucial as most pullbacks occur at that point. In addition, the Pi Network has formed a falling wedge pattern and managed to break to the upside when the two lines converged.

A small double-top pattern also formed at $1.6213, while the Percentage Price Oscillator and RSI showed bullish divergence patterns. As such, the Pi Network price is expected to rise again and reach the previous record high of $3, followed by $3.14. A drop below the 61.8% retracement level will invalidate this bullish outlook.

Overall, with a combination of political support, increasing adoption, and strong technical indicators, Pi Network shows potential that cannot be ignored in the crypto market.

Investors and market watchers should take note of these dynamics as Pi Network will probably be one of the fastest growing coins in the foreseeable future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Is Pi Network Price Bottom In? Top 3 Reasons Pi Coin Will Explode Higher Soon. Accessed on March 5, 2025