Pi Network Price Forecast: Analysts Expect a Powerful Rally

The price of Pi Network (PI) has fallen again in recent days, despite the resilience of the broader crypto market, although an upcoming key event could trigger a sharp turn in PI's fortunes, analysts believe.

The last time the PI index changed hands was around $0.61, slipping below its 21-day moving average amid a bearish breakout from a short-term pennant pattern.

This indicates that short-term price risks are skewed to the downside. The short-term bearish technical forecast aligns with bearish fundamental indicators for the tokens.

Since the launch of Open Network in February and the initial hype-driven price surge to $3.0 per token, the price of Pi Network has fallen by more than 80% amid large token lockups that may continue to pressure the price in the near future.

However, following the recent significant drop, it may be time for a recovery. One analyst believes that a catalyst could emerge in just over two weeks.

“I am quite confident that the price of Pi could start rising during the Consensus Summit (May 14-16, 2025),” said popular analyst Dr. Altcoin in a recent social media post. According to him, this will happen sooner than expected—“at the end of August, when significant unlocking of Pi will reduce price pressure.”

Pi Network is sponsoring an event, one of the largest in the crypto industry. If the price recovery of Pi Network proves significant, the PI token could reach the 50% Fibonacci level—from April lows below $0.40 to record highs around $3.0, which is about $1.70.

This could mean a nearly 3-fold increase from current levels. So now might be the right time for high-risk tolerant investors to consider entering the market.

The price of Pi Network is likely to perform well in the long term due to its growing user base and innovative mobile mining model, which fosters mass adoption and sustainable demand.

A potential leap to new all-time highs next year could be triggered by the launch of the mainnet and an increase in the number of merchants accepting the token, significantly enhancing its utility and market trust.