Pi Network Spikes 5% In a Week Amid Surging Whale Activity — Can Pi Coin Price Reclaim the $0.79 High?

The Open Network phase of Pi Network started on February 20 2025, after long years of waiting. The substantial network transition represents the final result of significant development and widespread community participation. Through this launch, users can link Pi with public systems that support everyday transactions and application needs. The network shows potential for wider acceptance as more than 18 million users accomplished the Know Your Customer (KYC) verification process, and the mainnet attracted over 8 million users. ​

Whale Activity Surges in Pi Network – Will This Spark a Rally?

The main net launch announcement triggered immediate market effects on the Pi Coin price. As the coin moved through its first day, it gained 80% of its worth from its initial price, reaching a maximum value of $92 and settling at $80.91. Trader sentiments rose following the public announcements of OKX and Bitget exchanges to add Pi for spot trading.​

The market displayed substantial investor movement and price changes. Large holders with the status of whales conducted an exchange withdrawal of 41 million Pi Coins worth approximately $27 million over 48 hours. These asset-holding actions show that investors believe Pi’s future value increase will occur and that the project has excellent long-term potential.​

Analyst Foresees a Surge to $5 in Pi Coin.

Market analysts have identified optimistic future price projections for Pi Coin. A consensus amongst analysts projects the currency could reach $5 due to market positivity and robust support levels. Various conditions must be met primarily involving dApps integration success and market-wide acceptance for these predictions to materialize.​

As the Consensus 2025 summit in Toronto approaches, the Pi Core Team is making progress within the Pi Ecosystem. A recently added DApp, Fruity Pi, has now been approved by the PCT with a purple check mark. It is also expected that the PCT will accelerate the deployment and… pic.twitter.com/KUjzxhUvdb

— Dr Altcoin (@Dr_Picoin) April 24, 2025

The mainnet launch marks a landmark achievement for Pi Network, but the project now needs to overcome multiple maintenance obstacles. For continued growth, the network needs to successfully bring in developers and meet regulatory standards while creating an active ecosystem. Moreover, the volatile nature of the cryptocurrency market necessitates cautious optimism among investors.

Can Pi Coin Price Reclaim the $0.79 High?

Currently, Pi Coin price has established a strong support at the $0.64 mark, coinciding with the 50-day MA. This indicates some bullish prospects, as the bulls attempt a rally toward $1. If the support level at $0.64 holds strong, Pi Coin price could target the next key resistance at $0.69, which coincides with the 200-day MA. A Breach above this level will open the door for further uptrend, potentially toward $0.76, $0.78, and $0.79. 

Chart 1- PI/USD Daily Chart, provided by Emmaculate, published on TradingView, April 25, 2025. 

A quick look at the Pi Network technical indicators suggests a potential upside. The Relative Strength Index sits at 54.80, above the mean level, indicating that the bulls are building strength. Increased buying appetite will call for a rally toward the upside. Moreover, there is still more room for the upside before Pi Coin is considered overbought. 

The recent investor confidence in Pi Coin potentially hitting $1 is evident, as Pi Network boasts a 5% surge in the past week. Moreover, a checkpoint exists within the ecosystem during preparations for the Consensus 2025 summit in Toronto. The team just approved Fruity #Pi decentralized application bearing a purple check mark, according to Dr Altcoin. 

Meanwhile, the Pi Coin price indicates a potential surge in the coming days, as the team tirelessly builds the ecosystem. Traders and investors should cautiously monitor the key support and resistance levels, and surging trading volume to determine the future direction of Pi Network.