Pi Network News: Can Pi Coin Hit $2.50 in Coming Months?
The post Pi Network News: Can Pi Coin Hit $2.50 in Coming Months? appeared first on Coinpedia Fintech News
Pi Coin has seen a wild ride in the market recently. The token jumped to a high of $1.70 on May 13 but dropped by more than 50% in just two days. Right now, it’s trying to stay above $0.81, though many experts believe the road to recovery won’t be easy because of several resistance points ahead.
The token is also under pressure because of upcoming token unlocks and missed expectations. In just a few days, Pi Coin’s market value fell from $9 billion to $6 billion, and it slipped from the top 20 cryptocurrencies to 29th place.
What’s Next for Pi Coin?
Even though Pi Coin recently announced a $100 million fund to support app development, the short-term market remains shaky. Many experts believe that unless there’s strong news it will be hard for Pi to climb back to $1.50 or $1.70 soon.
If the project succeeds in attracting meaningful app development and secures Binance or Coinbase listings, analysts believe PI could reclaim the $1.50 mark by month-end. In a more optimistic scenario, it might even aim for $2.50 by Q4 2025.
Data from Trading View shows that Pi Coin’s technical indicators are mostly neutral, with no strong momentum in either direction. The RSI is currently at 53.55, which shows it’s neither oversold nor in overbought conditions. MACD, however, is slightly bullish, with a “Buy” signal, indicating an upward momentum that could start building.
Why Token Unlocks Are a Problem
Investors are also worried about a large number of Pi tokens getting unlocked in the coming days. Piscan data shows that about 14.6 million Pi tokens will be unlocked today, which could increase selling in the market.
In total, about 272.9 million Pi tokens worth $234.6 million will be unlocked over the next 30 days. On average, 9.1 million tokens will be released each day. The biggest day is expected on May 28, when 15.1 million tokens will hit the market, which could cause more price drops.
Pi Network Moves Closer To Full Decentralisation
Dr Altcoin shared in a recent post that Pi Network has taken a major step toward becoming fully decentralized by permanently shutting down its central coordinating node. This is a big move because it removes the centralised control and allows the network to operate in a more open and community-driven manner.
This move could increase the demand for Pi Coin over time. The impact might be gradual, as price also depends on other factors like market conditions, adoption, and functional apps on the network.
