Pi Network Set to Explode? Analysts Predict Massive Price Surge If This Upcoming Event Delivers
Jakarta, Pintu News – The price of Pi Network (PI) has seen another drop in recent days, despite the general crypto market still showing resilience. However, analysts believe that an important upcoming event has the potential to drastically reverse PI’s fortunes.
Pi Network Price Risk Leaning Toward Decline
On April 29, 2025, Crypto News reported that PI briefly traded around $0.61 after dropping back below its 21-day moving average (21DMA), indicating a breakout of a pennant pattern to the downside.
This indicates that in the short term, the price risk is still leaning towards the downside. This bearish technical outlook is also in line with the negative fundamental condition of the token.
Since the launch of Open Network in February and the initial euphoria-fueled price spike to $3, Pi Network’s price has plummeted by more than 80%. This decline has been exacerbated by the large number of tokens that have begun to be released to the market, which will likely still put pressure on the price in the near future.
However, after experiencing a massive decline recently, the time for a bounce back may be fast approaching. One analyst even predicted that the trigger could happen in a little over two weeks’ time.
These Key Triggers Can Trigger PI Price Spikes
“I’m pretty sure that the Pi price surge will likely start during the Consensus Summit event (May 14-16, 2025),” renowned analyst Dr. Altcoin said in a recent post on the X platform.
He added that this could potentially happen sooner than previously predicted, namely by the end of August, when the number of Pi tokens released to the market starts to decrease significantly.
Pi Network itself sponsored the event-one of the biggest conferences in the crypto world-and its founder, Nicholas Kokkalis, was listed as one of the speakers.
If the Pi Network price recovers significantly, it could go back to touching the 50% Fibonacci retracement level from the April lows below $0.40 to its record high near $3, which is around $1.70.
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That means the price has the potential to rise almost three times from its current position. Therefore, this moment could be an interesting opportunity for investors who have a high risk tolerance to start considering entering the market.
In the long term, Pi Network’s price is expected to perform positively, driven by a growing user base and an innovative mobile mining model-two factors that support widespread adoption and sustained demand.
A price surge to a new record next year is also possible if the mainnet is officially launched and the number of merchants accepting Pi as a means of payment continues to increase, which will strengthen the market’s value and confidence in the project.
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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:
- Crypto News. Pi Network Price Prediction: Analysts Eye Monster Rally If This Key Event Sparks the Breakout. Accessed on April 30, 2025
