Pi Coin Price Prediction

The price of PI is around $0.3451 at press time, struggling to gain momentum after repeated rejections near the $0.36 level. The token remains pressured under its long-term downtrend line, with support building around $0.33–$0.34.

Pi Network Price Holds Key Support Zone

The 4-hour chart shows PI consolidating within a descending structure capped by the trendline from July highs. Exponential moving averages cluster tightly, with the 20-EMA at $0.3477 and the 50-EMA at $0.3515 acting as immediate resistance. The 200-EMA at $0.3733 remains the key level that bulls must reclaim to flip broader momentum.

RSI readings hover around 45, suggesting weak demand and limited upside momentum. Each rebound from the $0.33–$0.34 support area has so far failed to clear the $0.36 ceiling, highlighting the standoff between short-term buyers and dominant sellers.

V23 Protocol Upgrade Highlights Technical Progress

The Pi Core Team confirmed the rollout of the V23 protocol upgrade, embedding decentralized KYC authority, Linux node support, and biometric authentication at the protocol level. These changes aim to make Pi a KYC-verified blockchain while strengthening compliance and scalability.

Related: Pi Network’s Utility-First Approach Tested as Price Dips on Onramp Listing

While technically ambitious, the upgrade has yet to translate into price action. PI continues to trade below its key resistance levels despite the network’s growing ecosystem of 80+ decentralized applications and a surge in community optimism. Analysts note that the gap between innovation and speculative valuation remains a central challenge for Pi.

Token Unlocks And Concentration Raise Concerns

Market data shows ongoing headwinds from August’s 150 million token unlock, which added liquidity pressure at a time when demand has lagged. Concerns about distribution remain elevated, with the Pi core team reportedly controlling over 80% of supply and validator nodes heavily concentrated in Vietnam.

This centralization risk contrasts with Pi’s community-driven branding and may explain why institutional investors, despite interest via Valour’s $947 million Pi ETP, have approached the token cautiously.

Investor Sentiment Split Between Optimism And Skepticism

Community sentiment on social platforms remains optimistic, with pioneers framing the upgrade as a pivotal step toward utility. However, trading volumes tell another story. Daily volume slipped by nearly 15% in early September, following a brief 30% surge at the end of August. This volatility underscores lingering doubts about Pi’s adoption trajectory.

Comparisons with rivals such as Remittix, which has drawn attention with stronger partnership-driven growth, add to the pressure on Pi to deliver tangible use cases. Without clear adoption milestones, analysts warn PI risks underperforming even amid broader market rebounds.

Technical Outlook For Pi Price

Immediate resistance stands at $0.3515, aligned with the 50-EMA. Clearing this level could pave the way to $0.36 and $0.3733, the 200-EMA. A breakout above $0.3733 would mark the first bullish signal in weeks, potentially opening upside toward $0.40.

On the downside, losing the $0.33–$0.34 support band could expose PI to $0.32, with deeper losses risking a slide toward $0.30. Given the tight compression, a decisive move in either direction appears likely in the near term.

Related: Pi Coin Shows Bullish Signs as Market Eyes $0.365 Breakout

Outlook: Will Pi Go Up?

Pi’s short-term path depends on whether the V23 upgrade can inspire stronger inflows and investor trust. While fundamentals highlight technical progress, liquidity pressures and decentralization doubts continue to weigh on sentiment.

As long as Pi holds above $0.33, the bias leans toward cautious accumulation, with a potential retest of $0.36–$0.37 on the table. Failure to reclaim resistance, however, could shift momentum decisively bearish, leaving $0.32 as the next downside target.