TLDR

• Pi price recovering at $0.95 after dropping from $1.2 to $0.91
• Daily token unlocks reduced from 13 million to 3.8 million, easing selling pressure
• Partnership with PiDaoSwap announced to improve governance and transparency
• Technical analysis suggests possible breakout to $1.80-$2 if support holds
• Long-term ambitious price predictions range from $10 to $314, though current market cap makes this unlikely

Pi Network’s native token has begun showing signs of recovery after experiencing a sharp drop from its recent high of $1.2 to a low of $0.91. The cryptocurrency is currently trading at around $0.95, shifting market sentiment back toward bullish territory.

The price movement comes amid mixed signals for the relatively new trading asset. Pi launched for public trading just over a month ago and quickly reached a high of $3 before experiencing a 65% decline.

Recent trading patterns suggest the coin may be finding stability above key support levels. Technical analysts have noted that the PI/USDT pair has broken out of a descending channel, which could signal a trend reversal.

One of the main challenges facing Pi has been the continuous unlocking of tokens. This has created steady selling pressure as more coins enter circulation daily.

Token Unlocks

However, a key development has been the reduction in daily token unlocks. The rate has decreased from 13 million to approximately 3.8 million Pi per day, potentially easing some of the downward price pressure.

According to data from Pi Scan, about 99.3 million Pi tokens worth around $91 million at current prices are scheduled to unlock over the next 30 days. This averages to about 3 million tokens daily during this period.

The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon.

DYOR! pic.twitter.com/PooqZX8SsY

— Dr Altcoin (@Dr_Picoin) March 24, 2025

The largest single-day unlock will occur on April 3rd, when 6.8 million tokens will enter circulation. Even larger unlocks are expected in the coming months, with 115.57 million in April, 182 million in May, and 222 million in June.

To counter the growing supply, Pi Network recently burned 10 million tokens, reducing the total circulation to 6.77 billion. However, this burn has not yet had a major impact on price stability.

Some market observers believe more aggressive token burns may be necessary. Cryptocurrency analyst Dr. Altcoin has suggested reducing supply by 60-100 million Pi coins to better balance the market.

Partnerships

On the partnership front, Pi Network has announced a collaboration with PiDaoSwap, a community-driven platform. This partnership aims to enhance governance processes and make them more transparent.

Pi News, an online media source associated with Pi Network, has also joined this partnership. These developments suggest Pi is working to build a more extensive ecosystem of related platforms and services.

Some users have expressed frustration with the lack of communication from the project team. Many investors had hoped for a Binance listing announcement, but no confirmation has been forthcoming.

Questions about centralization have also emerged. Unlike most blockchains where nodes are independently operated, Pi’s SuperNodes are managed by the Pi Core Team. The network now has 42 nodes compared to just three at launch, but there’s limited transparency about how these nodes were selected.

Technical Analysis

From a technical analysis perspective, Pi is struggling to maintain support above the $1.00 mark, which now serves as immediate resistance. Current support rests at around $0.70.

Bollinger Bands analysis indicates sellers currently control price movements. The Relative Strength Index at 43.27 points to a bearish trend without reaching oversold territory.

If Pi fails to hold the $0.85 level, it could drop to the $0.70 region. Conversely, breaking above $1.00 could shift momentum, with $1.34 as the next target.

Some Pi Network supporters have made extremely bullish long-term price predictions. One analysis suggests that as the network matures, Pi token value could exceed $10.

Even more ambitious predictions mention $314.159 as a target – a number symbolically linked to the mathematical constant π (Pi) ≈ 3.14159. However, such a valuation would require a multi-trillion dollar market cap, making it highly improbable in the current market.

According to one analyst who claims to have been present during Pi Network’s development, the project’s ultimate goal is to establish Pi as an advanced stablecoin for peer-to-peer transactions. The current $1 starting price was allegedly chosen to increase adoption among businesses and institutions.

For short-term investors, realistic projections suggest a possible high of $1.80 if current support levels hold. While more extended projections exist, they should be viewed with caution given market conditions.