Pi Awaits Spark—Can a Burn or Listing Ignite Its Quiet Build?

Pi Network's token price has been consolidating near historic lows, with traders and analysts closely watching for signs of a potential breakout. As of the latest data, Pi Network (PI) is trading at $0.3500, just above its record low of $0.3167. Analysts suggest the coin is in an accumulation phase, as defined by the Wyckoff Theory, where price moves sideways with decreasing volume and volatility. This pattern is often a precursor to a more significant price movement once a catalyst is introduced [1].

Technical indicators reinforce this view. The Average True Range (ATR), a measure of market volatility, has been trending downward since May, indicating a period of low volatility and potential buildup of buying pressure. On the chart, Pi has formed a double-bottom pattern at $0.3167, signaling a level of strong support. A successful breakout above this level could target the neckline at $0.4646, representing a 35% increase from the current price. Additionally, the formation of a falling wedge pattern, marked by two converging trendlines, suggests a potential bullish breakout if the price moves above the upper boundary [1].

Despite these bullish technical signals, Pi Network’s price remains largely range-bound, and analysts emphasize that external catalysts are critical for initiating a meaningful upward move. In the cryptocurrency market, major price surges are often triggered by tangible events such as strategic partnerships, exchange listings, or token burns. For example, the price of Cronos surged following a high-profile partnership with former U.S. President Donald Trump, while OKB experienced a notable increase after news of a token burn. These examples highlight the importance of external triggers in unlocking value for assets in accumulation phases [1].

The developers of Pi Network recently announced a major protocol upgrade, transitioning the network from Stellar Network protocol version 19 to 23. This upgrade is expected to enhance functionality and scalability, but analysts argue it may not be sufficient to drive a large-scale price increase. The Stellar Consensus Protocol underpinning Pi has already demonstrated robust performance, and the upgrade does not address broader issues related to market adoption or liquidity [1].

For Pi to see a substantial price increase, market participants are closely watching for announcements related to exchange listings and a potential token burn mechanism. A token burn involves the permanent removal of a portion of the coin supply, which can reduce supply and, in theory, increase value per remaining token. Such an event, if combined with a listing on a major exchange, could provide the necessary momentum for Pi to break out of its current range and achieve the 170% price surge speculated by some analysts [1].

Overall, while the technical charts of Pi Network present a bullish case, the realization of that potential will depend heavily on external developments. Traders are advised to monitor upcoming news from the Pi Network team, particularly regarding exchange listings and supply-side changes, as these could be the key drivers behind a significant price movement. Until such catalysts emerge, the market remains in a state of anticipation, with the accumulation phase offering a window for investors to position themselves ahead of a potential breakout [1].

Source:

[1] Is Pi Network Coin Price Locked and Loaded? (https://www.banklesstimes.com/articles/2025/08/28/is-pi-network-coin-price-locked-and-loaded/)