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Today, the Pi coin saw a sharp drop from its high of $1.2 to a low of nearly $0.911. However, we are now experiencing a Pi price recovery as it is trading at $0.9471, changing the sentiment to bullish. As such, now, some price predictions show that a Pi price increase can lead to a breakout over the $1 point. This also comes after a period of frustration among the community because of the lack of communication. However, as the Pi coin kept its price above critical supports, the sentiment might be flipping.

New Partnership Sparks Ecosystem Expansion

A recent bullish development for Pi coin is the announcement of the official partnership with PiDaoSwap. The Pi network aims to use this community-driven platform to make the governance process better and more transparent. Other internal platforms, such as Pi News, have also joined this partnership. As such, with an expanding decentralised network of various platforms, the Pi network is building an expensive ecosystem.

Market Watch: Pi Coin Gathers Strength for $2 Breakout

One of the continuous bearish factors for Pi is the daily token unlockings. Although recently, the number of daily token unlocks has decreased from 13 million to just 3.8 million. As such, with the decrease in the selling pressure, the market can once again start its climb. With this development, a Pi price increase is imminent, and the possibility for a rebound is also increasing. This is also supported by technical analysis as the price is hovering around the $0.95 support. Using this support, a rebound above the $1 price market is likely.

Chart 1 – Provide by SL-Trades, published on TradingView, March  24, 2025.

Based on Chart 1, the Pi price surge can lead to the retake of the $1.2 resistance. After this, the bulls need to keep the buying pressure to break through the $1.50 resistance. Finally, the goal of a $1.80 breakout is projected for this rally. Additionally, the PI/USDT currency pair has also seen a change in price trends. This currency pair has been in a bearish channel; however, recently, it has had a breakout, going over a major breakout. Now, using this level as a support, this currency pair can energise the market, sending the Pi coin towards $2.

Pi the Next Stablecoin Revolution? 

The crypto analyst Dr Altcoin, who was present during the Pi network’s development, presented a future projection. He stated that the final goal of the Pi network is to make Pi an advanced stablecoin for P2P use. He continued the current system for Pi is just an evaluation of the unlock and burn system in the real market. As such, this level of development consists mostly of monitoring. The current starting price of $1 was also chosen to increase adoption among businesses and institutions. 

He believes when the Pi network matures, the value of the Pi token should be above $10. To serve its purpose with the intended 100 billion max token supply, the coin needs to have a high value. This is because the goal of this coin is to be used as an everyday currency among customers and businesses. According to him, the token will be adopted by the centralised exchanges, and the circulation supply will decrease greatly.  As such, the price will also be stabilised; he highlights $314 as the perfect value for Pi.

Is the Pi Network Ready for a Breakout?

As we discussed, with the current Bullish sentiment, we can expect a high of $1.8 in the short term. Additionally, for long-term investors, the predicted Pi price surge can even reach the $314 price point. However, these are just projections, and investors should still try to remain aware of market conditions. So, investors should pay close attention to technical signals and fundamental news related to the Pi network.

The post Pi Price Surge: Can the Coin Hit $2 Soon and $314 in the Long Term? appeared first on Coinfomania.