Pi Network (PI) is currently trading at $0.3625 following its Mainnet launch and the announcement of the Pi Hackathon 2025. Despite an 85% drop from its all-time high, the token maintains a solid technical foundation. Investors are closely monitoring ecosystem developments and short-term trading opportunities.
Pi Network has reached a major milestone with the launch of its Open Mainnet on February 20, 2025. This finally enables free token exchange and paves the way for real-world adoption. The Pi Hackathon 2025, launched on August 21, represents the first community hackathon since the network’s opening. It aims to stimulate mainnet application development and enrich the ecosystem, building on the momentum created by the Pi2Day in June.
Since its ATH of $0.87, PI has fallen by 85%, currently sitting at $0.3625, reflecting the gap between initial euphoria and crypto market reality. This extreme volatility illustrates the challenges facing emerging projects that must prove their real-world utility and can be viewed as an adjustment toward more realistic valuations.
Despite this correction, PI remains a closely watched market player and features among the “worst underperformers”. This potentially offers an entry opportunity for patient investors. Recent withdrawals from CEXs suggest accumulation, indicating that a technical floor might be forming, pending hackathon results and concrete ecosystem adoption.
Technical analysis shows that it’s evolving within a narrow range of $0.355-0.370, with the price slightly below short EMAs but above the EMA120, indicating technical neutrality. The bearish MACD signals loss of momentum, while balanced RSI and moderate ATR confirm controlled volatility, conducive to range trading. Support at $0.3558 and resistance at $0.3657, along with compressed Bollinger Bands, suggest an imminent breakout, dependent on fundamental catalysts such as the hackathon and application adoption.
Long-term forecasts vary significantly: conservative estimates suggest $20-30 by 2030, while optimistic projections target $100 in case of massive adoption and a top 10 crypto position. AI models propose realistic intermediate ranges for 2025, around $0.85-3.50. The reality will primarily depend on concrete adoption of the Pi Network ecosystem; without real utility, even conservative forecasts might prove ambitious.
Despite this challenging period, PI remains a strategic asset. Invest before a potential rebound – here’s a practical guide to obtaining it on Bitget:
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