Pi Network Price Hits $2! Is This the Last Dip Before the Rebound?

Pi Network recently experienced a decline in value, falling below $1.50. This price movement has been met with mixed reactions, but confidence appears persistent within the Pi Network user base. The belief centers on ongoing Know Your Customer (KYC) procedures combined with broader applications of the Pi cryptocurrency as potential drivers of a future market recovery.

The downturn in Pi Coin’s value can partially be traced to the recent completion of the Pi KYC migration. Some speculate that the large-scale loss of coins resulted from the failure of many users to complete the identity checks, contributing to an 8.5% drop in the Pi Network price. As the crypto sector explores the long-term significance of this situation, current market uncertainty still impacts Pi Coin’s overall path.

KYC Migration and Its Market Impact

The conclusion of the KYC migration within the Pi Network marked a critical event. Contrary to expectations of market stability, the process has caused notable Pi Network price volatility. A substantial number of users forfeited unverified tokens. Some think this reduction of the Pi supply will ultimately prove beneficial for market conditions.

On the other hand, parts of the community express continued doubt, suggesting the Pi KYC migration’s execution has caused investor uncertainty. Users who navigated KYC successfully now possess complete control over their Pi holdings, granting them access to trading options. Nonetheless, questions about the Pi Network’s enduring viability and the extent of its exchange readiness persist.

Technical Indicators and Price Movements

Pi Coin’s price activity demonstrates a balance between optimistic and pessimistic forces from a technical viewpoint. Floating near $1.46, the Pi Network price has not re-established value over the $1.50 mark. Analysts suggest this $1.50 figure must be exceeded to fuel a possible rally targeting $2.

A symmetrical triangle pattern, identified on the hourly chart, indicates a consolidation phase. The Relative Strength Index (RSI), near 40, suggests mild bearish momentum. Increased buying pressure may drive an increase in value. Conversely, a fall below existing support levels would risk downward motion, with a target of $1.20 or even less.

Speculation on Exchange Listings Fuels Volatility

Rumors about a forthcoming Pi Coin listing on large exchanges, notably Binance and Coinbase, influence its fluctuating value. Unverified reports concerning an upcoming Binance debut are widespread. Nevertheless, neither the Pi Network nor any exchange representatives have released any statements confirming these rumors.

A Binance listing would represent a dramatic shift for Pi Coin. The listing would expose it to greater investment activity and potentially amplify overall demand. Due to a lack of confirmation, many traders are deciding to liquidate their Pi assets as a means of offsetting future risks. This uncertainty intensifies questions surrounding the short-term behavior of the coin’s value.

Can Pi Coin Rebound?

Despite challenges, Pi Coin has found increased real-world applications, notably within China, where businesses are starting to process Pi as payment. Such expanded acceptance reinforces its utility as a decentralized payment option, which, in turn, may bolster its future valuation. Adding to the positive signs, recent data indicates strong community engagement, as highlighted in a post on X announcing $Pi as the 2nd most mentioned altcoin on X in the last 24 hours.

🚀Another one for the records$Pi is the 2nd most mentioned altcoin on twitter.

Pioneers, just keep posting and engaging !!!#pi #pinetwork #minepi #picoin pic.twitter.com/inLge8mav8

— pinetworkmembers π (@pinetworkmember) March 17, 2025

As Pi Network expands and more users engage with its ecosystem, particularly in anticipation of a Pi Coin listing, demand for the cryptocurrency could accelerate, enhancing its presence in the marketplace. Whether or not Pi achieves significant renewed growth is dependent upon variables like exchange integrations, shifting investor viewpoints, and broader market trends. Investors and traders are currently reserved in their approach, focusing instead on unfolding events inside the Pi Network framework.