The Next Big Moves in Sky, Pendle, and Pi Network: A 2025–2026 Growth Roadmap

The crypto market in 2025 is entering a critical inflection point, driven by institutional adoption, regulatory clarity, and technical innovation. For investors, projects like Sky (SKY), Pendle (PENDLE), and Pi Network (PI) are emerging as focal points of speculation and strategic positioning. This analysis dissects their technical and fundamental catalysts, offering a roadmap for navigating their short- to mid-term price action.

Sky (SKY): Institutional Infrastructure as a Catalyst

Sky, rebranded from MakerDAO, has repositioned itself as a cornerstone of institutional-grade crypto infrastructure. As of Q3 2025, SKY trades at $0.10 with a 1.48% 24-hour increase, reflecting growing optimism around its on-chain money market funds and fixed-income products [1]. Technically, the token is consolidating above key support at $0.08, with RSI hovering near 50—a neutral zone suggesting potential for breakout moves.

Fundamental catalysts are robust. Sky’s expansion into institutional-grade financial tools—such as tokenized stablecoin lending and yield-optimization protocols—has attracted major players like Ondo Finance and BlackRock [4]. These partnerships are critical for scaling liquidity and legitimizing crypto as a mainstream asset class. Additionally, Sky’s integration with Ethereum’s reduced exchange reserves (a sign of growing investor confidence) could amplify its utility in a potential supply squeeze [3].

However, short-term risks persist. The broader market’s consolidation phase, marked by whale profit-taking and miner sell-offs, could pressure SKY’s price if institutional adoption lags expectations [5]. Investors should monitor the $0.12 resistance level, which, if breached, could signal a bullish reversal.

Pendle (PENDLE): Multi-Chain Expansion and Institutional Partnerships

Pendle’s Q3 2025 price action has been volatile, trading between $4.20 and $5.50 amid mixed technical signals. The RSI at 41 indicates weakening bearish momentum, while Bollinger Bands suggest downward pressure [1]. A critical support level at $4.20 and resistance at $4.72–$4.90 will likely dictate near-term direction.

Fundamentally, Pendle is poised for a multi-chain renaissance. The protocol’s TVL reached $8.5 billion in mid-2025, driven by its expansion into Solana, Hyperliquid, and TON [4]. This diversification reduces reliance on Ethereum and taps into emerging ecosystems with high yield demand. Additionally, Pendle’s Shariah-compliant Citadel—targeting the $4.5 trillion Islamic finance market—signals a strategic pivot to regulated, high-growth sectors [2].

Institutional partnerships are another key driver. Pendle’s collaboration with Boros for hedging funding rates and its KYC-compliant Citadel for institutional capital are expected to boost TVL and token demand [4]. However, short-term bearish trends persist unless bulls reclaim the $4.72–$4.90 range, which could trigger a rebound.

Pi Network (PI): Real-World Utility and Regulatory Readiness

Pi Network (PI) remains a polarizing project, trading at $0.44 with a 0.16% 24-hour increase. Technically, the token is consolidating around $0.74, with key resistances at $0.80 and supports at $0.35 [1]. A breakout above $0.74 could validate its long-term bullish case, but current momentum is weak.

Fundamentally, Pi Network’s 2025 roadmap has focused on real-world utility and regulatory compliance. The project secured a Gold Sponsorship at TOKEN2049 Singapore 2025, a platform to showcase its progress to 25,000+ attendees [6]. Partnerships with Onramp Money, Banxa, and TransFi have enabled Pi to be purchased via local payment methods in 60+ countries, enhancing liquidity and accessibility [2].

Technical upgrades like Pi Node Linux and Protocol v23 have also bolstered institutional readiness, incorporating KYC verification and node stability improvements [3]. However, Pi’s price remains under $0.35, raising questions about its ability to scale beyond its grassroots user base. Analysts warn that transparency and tangible development progress will be critical to reversing its downtrend [3].

Broader Market Context and Risk Factors

The crypto market is navigating a consolidation phase, with whale profit-taking and miner sell-offs creating short-term headwinds [5]. Bitcoin’s undervaluation per the Energy Value model and Ethereum’s reduced exchange reserves suggest long-term optimism, but Q3 typically underperforms [3]. Options traders are pricing in a 10–30% downside for major assets, adding volatility risk [5].

For Sky, Pendle, and Pi Network, the key variables are:
1. Institutional adoption (e.g., Sky’s money market funds, Pendle’s multi-chain TVL).
2. Regulatory clarity (e.g., Pi Network’s KYC upgrades, Pendle’s Shariah compliance).
3. Technical breakouts (e.g., PENDLE reclaiming $4.72, PI surpassing $0.74).

Conclusion

Sky, Pendle, and Pi Network represent divergent but complementary narratives in 2025–2026. Sky’s institutional infrastructure, Pendle’s multi-chain innovation, and Pi Network’s real-world utility all have the potential to drive price action—if they can overcome short-term bearish trends and regulatory uncertainties. Investors should prioritize projects with clear technical catalysts (e.g., PENDLE’s $4.72 resistance) and fundamentals that align with macro trends like tokenization and institutional adoption.

Source:
[1] Latest Crypto News Today
https://cryptopoint.bg/en/
[2] Pendle 2025: Building DeFi's Fixed Income Layer
https://0xgreythorn.medium.com/pendle-2025-building-defis-fixed-income-layer-175a5eeb10fd
[3] Today's Crypto and Bitcoin News
https://www.kucoin.com/news
[4] Pendle Finance Investment Memo - Insights
https://insights.blockbase.co/pendle-finance-investment-memo/
[5] Bitcoin Correction Could Linger for Months: CryptoQuant
https://decrypt.co/333081/bitcoin-correction-more-downside-likely-cryptoquant
[6] Pi Network Becomes Gold Sponsor at TOKEN2049
https://coinfomania.com/pi-network-becomes-gold-sponsor-at-token2049-singapore-2025/