Pi Network is currently trading at $0.8489, up 8.4% in the last 24 hours, with a 24-hour trading volume of $536.2 million.
However, the price of this token has barely changed in the past 7 days, signaling a temporary stabilization phase after a spike to $0.978 last week.
This asset currently has a market capitalization of $6.12 billion, with a circulating supply of 7.21 billion PI and ranks 31st globally by market capitalization.
Technically, PI is fluctuating between $0.78–0.86, and breaking through $0.88–0.90 could pave the way to challenge the psychological barrier at $1.00, especially if broader market conditions remain optimistic.
The support level is near $0.78, with volume still high - up 170% in 24 hours - indicating a return of retail and institutional participation.
From a fundamental perspective, PI Network is thriving amid increasing speculative trading and new discussions about the eventual launch of the open mainnet.
This ecosystem emphasizes mobile device mining, social interaction, and KYC-based access and has attracted over 27,000 real merchants during PiFest 2024.
Additionally, recent news reveals that 86 million PI tokens have been withdrawn from OKX, indicating a significant supply change that could support a higher floor price in the future.
If PI surpasses $0.88 and maintains volume, the price is expected to reach $0.97–1.04 within 5–8 days, thanks to increasing adoption, on-chain movement, and strong exchange activity.
