Pi Network Price Prediction: Can PI Token Burns and a Falling Wedge Spark a 200% Rally?

The Pi Network price has come under significant pressure in recent weeks, dropping below the critical $1 threshold as token unlocks and investor skepticism weigh on the Pi Network market.

Despite the downturn, analysts point to potential catalysts—including a falling wedge pattern and strategic token burns—that could drive a major price recovery. Could these factors ignite a 200% rally for Pi Coin?

Pi Network Consolidates Below $1

Pi Network Coin (PI) has been in a persistent downtrend, currently trading around $0.94 after a 6.3% decline over the past day. The cryptocurrency briefly dipped to a 24-hour low of $0.91, further eroding investor confidence. This marks a stark contrast from its all-time high of $2.98, recorded in February following its Open Network launch.

Pi Network Coin could retest the $0.86 support before rebounding for a fresh bullish ride. Source: TradingView

A key reason for Pi’s price struggles is the increasing selling pressure from token unlocks. Over the next 30 days, approximately 97.65 million PI—worth around $93 million at current prices—will be unlocked, adding millions of coins to the circulating supply. April alone is expected to see 115.57 million PI released, with May and June following at 182 million and 222 million tokens, respectively. This influx has significantly affected the Pi crypto value.

Could Token Burns Counteract Unlocks?

To counteract the flood of new supply, market watchers are calling for large-scale token burns. Crypto analyst Dr. Altcoin has suggested that burning 60–100 million PI could stabilize the Pi cryptocurrency value and prevent further depreciation.

Around 8 million unlocked Pi Coins hit CEXs, dragging the price below $1, prompting calls for a 60–100 million coin burn to restore stability. Source: Dr Altcoin via X

“If the Pi Core Team implements a major token burn, it could significantly reduce selling pressure and help Pi Coin reclaim the $1 support,” Dr. Altcoin noted on X.

While there has been no confirmation from the Pi Core Team regarding a burn, investors remain hopeful that such measures could be introduced to protect the value of Pi Coin.

Falling Wedge Pattern Signals Potential Rebound

Amid the bearish sentiment, some technical indicators suggest a reversal may be on the horizon. A falling wedge pattern has formed on the Pi Coin price chart, a formation often associated with bullish breakouts.

PI Coin broke out of its falling channel with strong momentum after multiple bounces from support, signaling a potential bullish reversal. Source: Unichartz on TradingView

Typically, a falling wedge consists of two downward, converging trendlines. As the price approaches the point of convergence, a break to the upside becomes a strong likelihood. If Pi Network follows this classic scenario, analysts expect it to bounce back as much as $3—200% above current levels.

Accompanying the optimism, other indicators such as the Moving Average Convergence Divergence (MACD) and the Percentage Price Oscillator (PPO) have beeped bullish divergence signals, previously known to initiate trend reversals. This could significantly impact the Pi currency value and Pi crypto price.

Exchange Listings Remain a Challenge

One of the major barriers to Pi Coin trade growth is its absence from leading cryptocurrency exchanges. Despite widespread speculation, Pi Network Binance listing rumors remain unconfirmed, dampening investor enthusiasm. The lack of transparency around Pi’s tokenomics has also raised concerns, with some experts suggesting that unresolved market manipulation and sell restrictions may be preventing major exchanges from integrating the token.

“The delay in Binance’s listing may stem from regulatory hesitations surrounding Pi’s circulating supply and locking mechanism,” explained Dr. Altcoin.

Pi Network remains a strong contender for Binance Exchange listing. Source: Wise Advice via X

Some investors also speculate that the Pi Core Team has refused to pay exchange listing fees, contributing to the delay. Without official statements, the exact reasons remain unclear. However, a confirmed listing on Binance or other major exchanges would provide a significant boost to Pi Network trading activity.

Will Pi Coin Rebound or Fall Further?

Looking ahead, Pi Network’s ability to recover depends on several key factors:

• Token Burns: A confirmed burn of 60–100 million PI could stabilize prices and ease selling pressure.

• Exchange Listings: A listing on Binance, Coinbase, or another major platform would provide significant bullish momentum and increase Pi Coin worth.

• Market Sentiment: A broader crypto market recovery could lift altcoins like Pi Network, pushing its price higher.

For now, Pi cryptocurrency is facing a critical test. If the $0.70 support level fails, the Pi Network price today could drop further to $0.50 or even $0.10. However, if Pi successfully reclaims the $1 mark, a rally toward $1.20 or even $2 could be in play.

With investors closely monitoring developments, the next few weeks will be crucial in determining Pi Network’s trajectory. Whether it follows the path of recovery or continues its downward spiral will depend on how the Core Team and the broader market respond to ongoing challenges.