Pi Network is edging closer to its long-awaited mainnet debut, stirring optimism across its global community.
Pi Network has been operating on its mainnet since February 2025, but September has brought renewed attention as KYC-verified users continue migrating their balances. While the core launch is behind us, the rollout of transfers and unlocks has become the main driver of sentiment, sparking debates about how it will affect Pi Coin’s price in the months ahead.
The project’s recent Testnet1 upgrade to protocol version 23 aligned Pi with Stellar’s v23 framework, designed to streamline balance mapping into the mainnet environment.
As part of the broader ecosystem push, Pi took the spotlight as a gold sponsor at TOKEN2049 Singapore, where co-founder Dr. Chengdiao Fan outlined the next phase of development. Meanwhile, PiOnline, a DeFi farming game on the Pi Browser, has gone live, adding an early layer of utility for users.
A September partnership with AI firm OpenMind also underscores Pi’s push toward Web3 and AI integration. Still, the headline development remains the migration of tokens: only KYC-approved holders who completed their steps ahead of the March deadline can move coins, with large-scale unlocks gradually rolling out.
This dynamic is both fueling optimism for broader adoption and raising concerns about supply pressure as more PI becomes transferable.
Pi Price Snapshot
As of September 16, Pi trades at $0.3546, posting a 2.28% gain in the last 24 hours. Its market cap sits near $2.87 billion, while daily trading volume is steady at $41.7 million, reflecting consistent but cautious activity around the token.
Technical Outlook
Pi’s price has rebounded from Fibonacci support at $0.344, reclaiming ground above its 30-day simple moving average of $0.3537. A bullish MACD crossover supports the view of strengthening momentum, while the Relative Strength Index (RSI) has improved to 48.20, hinting at a shift away from bearish pressure.
Immediate resistance stands at $0.382. A close above this level could clear a path toward the $0.40 mark, while failure to sustain current levels risks another test of supports near $0.344 or even $0.335.
Migration Challenges and Market Sentiment
Despite visible progress, Pi’s migration process has faced hurdles, with users reporting issues ranging from KYC delays to stuck balances. These frustrations remain a drag on sentiment, but the overall momentum of moving more tokens into the open mainnet economy is gradually restoring confidence.
With protocol upgrades, ecosystem events, and new partnerships supporting the project’s credibility, the coming months could prove decisive. Whether Pi Coin’s price breaks higher will depend largely on how smoothly migrations scale and whether real-world use cases continue to materialize alongside the growing community.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/pi-coin-price-bulls-target-0-40-after-key-upgrade/