Phase 2 Migration Rumors Trigger Pi Coin Price Spike Up to 60%, What’s Happening?

Updated

June 4, 2025

Gambar Phase 2 Migration Rumors Trigger Pi Coin Price Spike Up to 60%, What’s Happening?

Jakarta, Pintu News – Pi Coin experienced a significant price drop this week, however rumors of a migration to Phase 2 of the Mainnet offer hope for a price recovery. With strong technical support and potential new catalysts, Pi Coin may be due for a strong rebound.

Technical Analysis Shows Potential for Pi Coin Price Rebound

In recent weeks, the price of Pi Coin has dropped dramatically from $1.6665 in May to $0.6485 currently. This decline has brought the Pi Coin price below its 50-period moving average, signaling that bearish pressure is starting to dominate. However, the price is currently at a critical support level connected to the uptrend line since April. This indicates the potential for a rebound.

The triple-bottom pattern formed on the chart suggests that Pi Coin’s price may not fall further. This pattern, which consists of three bottoms and a neckline at $1.6664, often signals that the bears are hesitant to push the price any lower. If this pattern holds, there’s a high probability that the Pi Coin price will rebound soon.

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Phase 2 Migration Rumors and Their Impact on Prices

Rumors about the Phase 2 migration of the Pi Network Mainnet are a hot topic among investors and users. Several popular X accounts have mentioned that this migration might happen in the near future. The Pi Core Team itself has not confirmed the exact date of the migration, but they have stated that they are processing the migration for those who are already verified.

This Phase 2 migration is expected to include referral mining bonuses for team members who have passed KYC verification. With periodic migrations promised, more rewards for pioneers are expected to drive demand and potential Pi Coin price increases.

Challenges and Opportunities for Pi Network

Despite the potential price increase from the Phase 2 migration, Pi Network still faces the challenge of increasing the number of tokens available on exchanges. It is estimated that more than 1.5 billion tokens will be unlocked in the next 12 months, which could increase supply at a time when demand is still low.

This situation requires a careful strategy to manage the balance of supply and demand. However, if Pi Network can manage these challenges well and the Phase 2 migration goes smoothly, there is a high probability that the Pi Coin price will experience a significant rebound. Pi Network investors and users are certainly looking forward to further developments with great expectations.

Conclusion

With the support of technical analysis and the potential catalyst of the Phase 2 migration, Pi Coin is showing signs of a rebound. Although there are some challenges, the positive development of the Pi Network could be the key to a strong price recovery in the 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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.