The current status of Pi Network with trading recommendations for this weekend
The current status of Pi Network (as of June 26, 2025):
The Pi Network currency is still in a transitional phase, with ongoing anticipation regarding the launch of the fully open mainnet. According to available information, here is an overview of the current situation:
1 Current price and performance:
◦ The price of Pi Network currently ranges between $0.61 and $0.67, showing relative stability after sharp fluctuations in recent weeks.
◦ The currency has seen an increase of 4.38% to 22% recently, supported by technical integrations like its integration with Chainlink Data Streams, enhancing its potential in decentralized finance (DeFi).
◦ The estimated market cap ranges from $4.3 to $4.7 billion, with a daily trading volume between $48 and $72 million.
◦ The Relative Strength Index (RSI) is at 37, indicating that the currency is approaching oversold territory, which could open the door for a potential bullish rebound.
2 Challenges and influencing factors:
◦ KYC issues: There are ongoing complaints from users regarding the slow verification process, technical problems such as two-factor authentication (2FA) failures, and the disappearance of some balances. These issues affect user trust and delay the launch of the open network.
◦ Absence of an official listing: The currency has not yet been listed on major centralized exchanges like Binance and is currently traded as an IOU on limited platforms like XT.com and CoinW.
◦ Lack of transparency: Unclear roadmap and absence of strong institutional partnerships raise concerns about project readiness.
◦ Inflation risk: Unlocking large amounts of frozen coins could exert downward pressure on the price.
3 Positive developments:
◦ The upcoming Pi Day 2 event (June 28, 2025) could bring significant announcements, such as an official listing or the launch of the open mainnet, which could drive the price higher.
◦ Integrating the currency with technologies like Chainlink enhances its appeal in DeFi applications, which could attract new investors.
◦ The large user community (over 60 million users) enhances growth potential in the long run.
Price forecast for the end of the week (June 28-29, 2025):
• Bullish scenario: If an official listing or positive technical update is announced during the Pi Day 2 event, the price could reach $1.20 or more, supported by community enthusiasm and increased liquidity.
• Bearish scenario: If uncertainty around KYC continues or the official listing is delayed, the price could retreat to levels of $0.40-$0.50, especially under potential selling pressure.
• Neutral outlook: The price is likely to remain in the range of $0.60-$0.70 with cautious trading until new news emerges.
Trading recommendations for the weekend:
1 For short-term traders:
◦ Buying strategy: If the price approaches the support level at $0.53-$0.60, this may be a good time to buy, especially if the RSI approaches oversold levels (below 30). Target a resistance level at $0.70-$0.80.
◦ Selling strategy: If the price approaches $0.80 or exceeds it, consider taking profits, as the currency may face strong resistance at these levels.
◦ Keep an eye on news related to Pi Day 2 on June 28, as positive announcements could lead to sudden spikes.
2 For long-term investors:
◦ Given the high risks associated with the currency (the absence of an official listing, KYC issues, and market volatility), caution is advised. If you believe in the project's long-term potential, consider allocating a small portion of your portfolio to Pi Network, but avoid large investments until the roadmap becomes clearer.
◦ Wait for confirmations regarding listings on major exchanges or improvements in the ecosystem before making significant decisions.
3 Risk management:
◦ Use stop-loss orders at $0.50 to reduce potential losses in case of a decline.
◦ Do not invest more than you can afford to lose, given the speculative nature of the currency.
◦ Be sure to use reliable trading platforms like Gate, OKX, or Bitget, where Pi is currently traded as an IOU.
Important notes:
• Risks: Cryptocurrencies, including Pi Network, are characterized by high volatility. Conduct your own research (DYOR) and consult a financial advisor before making investment decisions.
• Uncertainty: Until the open mainnet is launched, current trading remains unofficial and risky.
• Follow the news: Monitor platforms like CoinGecko, CoinMarketCap, and X posts for the latest updates on the Pi Day 2 event and KYC developments.
Warning: These recommendations are not binding investment advice. The market is volatile, and investing in cryptocurrencies involves significant risks. Make your decisions based on your personal analysis and financial situation.