Pi Network’s native token, PI, recently gained significant market attention with a price increase of more than 9%. The token reached a high of $0.85 before pulling back slightly to trade around $0.7993. This uptick highlights growing bullish momentum, especially at a time when many other altcoins are experiencing stagnant price action.
Technical analysis indicates a breakout from a prolonged period of sideways trading. After finding strong support near $0.7350, PI rebounded sharply, suggesting potential for further gains. Despite this positive movement, several underlying concerns continue to affect investor confidence.
One of the key issues is the ongoing lack of access to the Pi Network mainnet and delays in completing Know Your Customer (KYC) verification for many users. Additionally, PI is still not listed on major cryptocurrency exchanges, which limits its exposure and liquidity in the broader market.
While short-term price action may look promising, questions about the token’s real-world utility and the development of its ecosystem remain. Without significant progress in these areas, long-term sustainability could be challenged.
Looking ahead, Coincodex forecasts that PI could reach between $1.51 and $1.76 by the end of 2025. However, achieving that target may depend on how effectively the Pi Network addresses its current technical and operational limitations.
