Pi Network Token Surges 2% Despite Bearish Pressure

The Pi Network has experienced significant momentum since the launch of its mainnet on February 20, 2025. This momentum has led to increased adoption and recognition of the Pi Coin, particularly due to its innovative Mobile crypto mining system, which has attracted both casual and experienced crypto investors. The token is now listed on various exchanges and platforms, enhancing its reach and discoverability. Despite a downtrend in price since its launch, the Pi Coin price prediction remains bullish.

The mainnet launch marked a pivotal moment for the Pi token, as it became accessible to users for buying and trading on external exchanges. This milestone has significantly boosted liquidity and utility, setting the stage for explosive growth in the Pi network's price and adoption. The listing of the Pi token on Gate.io, for instance, saw the price surge to $2.10 before stabilizing at $0.61, with a 24-hour trading volume reaching $1.1. This market sentiment aligns with the bullish Pi price predictions made by market analysis firms.

With the major developments since the mainnet launch, the Pi token is poised for significant growth in the coming year. Projections suggest that the Pi token could range between $1.50 and $3.50 by 2025. This range could expand to $5-$10 if the token is listed on major exchanges like Coinbase, which are trusted by a majority of casual crypto investors. The liquidity and eyes of these centralized giants could greatly benefit the Pi network's price.

Long-term price predictions for the Pi Coin are also optimistic. By 2026, the token is projected to range between $4 and $6, and by 2027, it could reach $7-$10. By 2030, the price is expected to be near the $15 mark. These projections are based on current market sentiment, utility, adoption, and visibility. However, it is important to note that long-term predictions are less reliable due to the potential introduction of new variables.

Despite the bullish outlook, the Pi Network is currently facing bearish pressure due to the unlocking of 212 million tokens, which will increase the circulating supply. This influx of tokens is expected to exert downward pressure on the price, especially if demand remains low. The four-hour chart indicates that the Pi Network token could enter a downtrend if it falls below the $0.60 support level. These token unlocks are scheduled to continue until May 2025, and their impact on the token's price is a significant concern for investors.

Data from PiScan reveals that 212 million Pi Network tokens, valued at approximately $130 million at the current price, will be added to the circulating supply over the next 30 days. This means an average of 7 million PI tokens will be released daily until May 17. The increased supply could lead to a sharp reversal in trend or consolidation within the current range lows if demand does not absorb the additional tokens. However, the current tokenomics of Pi may prevent a crash, as over 90% of addresses hold less than 100 PI tokens, indicating high retail interest. Nevertheless, 23 whale addresses hold more than 12 million PI tokens, which is over 90% of the 13.2 million tokens currently available on the mainnet. This concentration of tokens in a few addresses could impact the price if these whales decide to sell, further highlighting the bearish outlook.

Despite the bearish pressure, the Pi Network price showed a slight 2% gain in the past 24 hours, trading at $0.61. This gain suggests that bullish momentum is building around the token, which could drive volatility over the weekend. The two-hour price chart indicates a possible trend reversal from an uptrend to a downtrend if Pi Coin falls below the $0.61 support level. The Relative Strength Index (RSI) is rising, indicating that buyers are returning to the market, which could support an uptrend for Pi Coin. Traders should watch for the RSI crossing above 50 to confirm a shift in market structure.

Considering the upcoming unlocks of 212 million PI tokens, the Pi Network price may drop due to a surge in supply while demand remains low. The two-hour price chart also shows building bearish momentum around the token, which could spark a drop to $0.44. The key level to watch in Pi Coin price is $0.60. If the altcoin breaches this support level, it may trigger a downtrend to $0.44. Pi Network price can only reclaim its previous highs if there is an uptick in demand and the token gains utility.

According to the analyst's forecast, if top banks start using Pi Network, the price could soar to as high as $30. A moderate estimate of $10-$30 is plausible. As of April 2025, Pi Coin is attempting to stabilize above $0.60 after a highly volatile March. While bulls are showing signs of strength, the token's price remains at a critical juncture amid ongoing token unlocks. The Pi Network is steadily advancing toward a full Open Mainnet launch, signaling that the Pi economy is coming to life.