Analysts Predict Pi Network Set for Massive Breakout — Is a $1 Pi Coin Just Around the Corner?

Jakarta, Pintu News – Crypto analyst Xia stated that Pi Network’s momentum is growing rapidly after the coin’s price broke through the $0.60 mark.

Analysts also predict that in the near future, the price of Pi Coin has the potential to break the $1 level again, giving a positive outlook for this coin, even though it has so far performed below expectations.

Why Pi Network’s Momentum is Rising Fast

In a post on the X platform, crypto analyst Xia revealed that Pi Network’s momentum is growing very quickly.

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He noted that the price of Pi Coin had broken through the $0.63 level with strong trading volume, even peaking at $0.6441 before finally entering a consolidation phase.

Xia also added that the Relative Strength Index (RSI) indicator is showing an upward trend, while the Moving Average Convergence Divergence (MACD) indicator is starting to show bullish signals.

In addition to technical analysis, Xia also touched on the strong fundamentals of the Pi Network. He revealed that during the Pi Fest celebration, there were over 58,000 active sellers and 1.8 million users on the Map of Pi map – this reinforces the positive outlook for the Pi Coin price.

Xia asserts that these bullish fundamentals are hard to deny, and questions the reasoning behind some market participants’ skepticism towards Pi Coin.

Although Xia remains optimistic about this altcoin, some experts such as Dr. Altcoin reminded the importance of anticipatory steps.

Dr. Altcoin recently called on the Pi Network core team (PiCoreTeam/PCT) to build a strong foundation to prevent a potential drastic price collapse.

This call comes in the wake of the Mantra price crash, where the altcoin lost up to 90% of its value.

Three Key Factors That Could Prevent Pi Coin’s Price From Falling

In another post, Xia explained three factors that could prevent the Pi Network price from continuing to decline.

First, he emphasized the need to increase the number of exchanges that have received KYB approval to trade Pi Coin, as well as expand the reach of approved exchanges such as OKX to markets that are still limited. This move is believed to enlarge Pi’s user base and drive demand.

Secondly, Xia mentioned that Pi Coin needs more institutional buyers. He gave an example of a company like BANXA that could buy up to 100 million Pi directly from a centralized exchange (CEX) to help absorb the existing supply of coins.

In fact, according to market analysis from the CoinGape website, the price of Pi Coin has the potential to jump to $30 if major banks in the United States start adopting the Pi Network network.

Finally, according to Dr. Altcoin, the Pi Network core team (Pi Core Team) needs to release a major update.

These updates could be important announcements or new product launches that are able to increase demand for Pi Coin and help stabilize its price in the market.

Can Pi Coin Break Through to $1?

Crypto analyst Moon Jeff recently predicted that the price of Pi Network has a good chance of reaching the $1 mark again in the near future.

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He noted that Pi Coin managed to hold the support level at $0.61 quite strongly. Therefore, he expects a price surge towards the resistance area at $1.

Meanwhile, another analyst from PiNewsZone also expressed his belief that the Pi Coin price will be hard to stop once it manages to break above $1.

He urged market participants to be patient and continue to collect as many coins as possible during this period.

However, it should be noted that predictions from the CoinGape page show a more cautious view. According to them, Pi Coin may not reach $1 soon and is expected to continue moving within its current price range for a while.

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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. Analyst Claims Pi Network’s Momentum Is Building Fast As Pi Coin Looks To Reclaim $1. Accessed on April 17, 2025