Jakarta, Pintu News – Pi Network’s vision of mobile phone-based crypto mining attracted millions of users worldwide, making it one of the standout community-based projects. However, the lack of listing on crypto exchanges, limited liquidity, and lack of integration with the real world are now posing major challenges to the project’s sustainability.
As the crypto industry shifts towards utility-focused projects and DeFi innovation, Pi Coin is finding it increasingly difficult to maintain its relevance. While public curiosity remains high – as evidenced by the rise in searches such as “1 Pi to INR” and “1 Pi to PKR in 2025” – the absence of strong fundamentals means that Pi’s price recovery remains uncertain, leaving investors with the question: can the once-booming token return to its former glory?

PI token experienced consistent bearish pressure during most of the second quarter (Q2), which continued into the third quarter (Q3), and now a similar trend is still occurring in the fourth quarter (Q4) as of early October, recording a new record low at $0.1529.
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Many crypto market participants expect this to continue, even considering the project dead.
However, the demand that has emerged in the past 41 days is evidence that short-term buying interest is returning, forming an uptrend. Although the price is still moving in a range between $0.19 to $0.26, if it is able to break the upper limit of the range, it is likely to rally towards the 200-day moving average (200-day EMA) which is currently dynamic.
Therefore, the price target for December is expected to be in the range of $0.45 to $0.47. Conversely, if the downtrend continues, the price risks dropping lower than the previous low of $0.1529, which could trigger a major sell-off.
Pi Network has caught the market’s attention again after experiencing a price spike earlier this year, where the price skyrocketed to $1.65 in the second quarter (Q2) of 2025, driven by huge hype and expectations of listing on major crypto exchanges.
This initial optimism was fueled by rumors of listing on a centralized exchange (CEX) and increasing global adoption, which briefly made Pi Coin one of the most watched tokens in the crypto market.
However, the euphoria quickly faded after the rumors proved to be untrue. Since June, bearish sentiment began to dominate, pushing PI prices into a steep decline – down to $0.40, then to $0.344 in August, $0.1851 in September, and reaching a new low of $0.1529 in October.
Retail investor confidence was fading, and institutional participation was almost non-existent. Pi’s momentum seemed to have disappeared completely. The investor community reflected this underperformance, with social sentiment towards PI trending negative. As a result of the back-to-back losses, there was a sort of domino effect of profit-taking, with many investors opting to exit as soon as there was a slight uptick in prices.
But even though the price continued to decline, global search interest in Pi is still increasing, signaling hope for a recovery. Some important developments in the last quarter of the year managed to restrain PI/USD from further declines, and now the price has started to move in a consolidation range between $0.19 and $0.26. In fact, there was a small rally that briefly tested the upper limit of the range.

Furthermore, hopes of a recovery are now not just wishful thinking, as the strong selling pressure that has been keeping PI prices below the 20-day EMA and 50-day EMA lines seems to be weakening.
Now, PI prices have just broken above both EMA lines in November, opening up further recovery opportunities if prices manage to cross the $0.26 mark with a strong bullish impulse.

Previously, Pi Coin’s price outlook looked bleak due to very low market interest, but this situation began to change after buying pressure re-emerged and pushed the price of PI up from its October low of $0.1529.
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Since October 10, there has been a short-term recovery of 41 days, during which the PI/USD price has risen more than 60% from its lowest point – quite an impressive achievement in such a short period of time.
However, this rise still seems weak when compared to the dominance of the bearish trend throughout 2025. From the all-time high (ATH) of $2.99, the current price is still down almost 90%, so much stronger buying pressure is needed to push the price through the 200-day EMA line which is currently at $0.4754. Breaking this level is the primary target before the end of the year.
This is because if the price only breaks out of the current consolidation zone but fails to break the 200-day EMA, then hopes of recovery could be dashed soon, and it is likely that the bearish trend will continue, and could even print new lows again.
Therefore, breaking out of the $0.1931-$0.2636 consolidation zone is just the first step. The real test will be the price’s ability to break and hold above the 200-day EMA on the daily chart.
If that succeeds, it will be an important technical signal in the form of a “Change of Character” (ChoCh) that marks a potential change in trend direction from down to up.
In a successful reversal scenario, PI prices could potentially go back up to test the resistance at $0.81, which is also in line with the 0.236 Fibonacci level. Furthermore, in the first half of 2026, the price target could reach $1.00 to $1.65.
In fact, under very bullish and ambitious market conditions, a break above $1.65 could open up opportunities towards higher targets such as $2.00 to $3.00 by the end of 2026.

However, this potential is entirely dependent on the successful launch of utility-based programs and increased real adoption within the Pi Network ecosystem.

In 2026, the price of Pi Coin is expected to be in the range between $0.85 to $3.50. Taking into account buying and selling pressure, the annual average price is expected to be around $2.25.
In 2027, the value of Pi Network is expected to reach a maximum price of $5.25, while the lowest price could be around $1.25. Based on market sentiment analysis, the average price is likely to stabilize at around $3.25.
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By 2028, the price of a single Pi coin is estimated to potentially rise to $8.50, with a possible correction to a low of $2.00. For the average annual price, the estimate is around $5.50.
By 2029, the price of Pi Coin is expected to move between $3.50 and $13.75, with an average price of around $8.50.
Based on 2030 projections, Pi Coin could potentially reach a high of $22.00. If the crypto market experiences bearish conditions, the lowest price is expected to be $5.50, with an average annual price of around $13.75.
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