Can Pi Coin Maintain Its Momentum and Hold Steady Above the Crucial $1.05 Resistance?

After a quick dip to $0.86, Pi Coin saw a remarkable recovery, rising by approximately 8% within 24 hours.

As the price hovers close to the $1 mark, the critical question remains: can Pi Coin maintain its momentum and hold steady above the crucial $1.05 resistance?

After a quick drop to $0.86, Pi Coin saw a remarkable recovery, rising by approximately 8% within 24 hours. It is currently trading around the $1 level, sparking optimism among traders that this might be the start of a more sustained rally.

However, for Pi to retain its bullish trajectory, breaking the $1.05 resistance and holding above it will be essential. This level is a significant psychological and technical barrier that could dictate the coin’s next movement.

“The price action shows early signs of resilience, but a decisive break above $1.05 could pave the way for further gains,” said crypto analyst Kim Wong.

Despite recent gains, Pi Coin is facing stiff resistance at $1.05, a level that has proven difficult to overcome in recent days. If Pi can break through here, the next major target lies in wait at $1.20. A break above this level would clear the path for a potential explosion towards $1.35 or even $3, depending on market conditions.

However, due to the volatility with which the price of Pi has traded, caution may be warranted.

Pi Network's future depends on its ability to move beyond speculative hype and focus on strong fundamentals, such as building out its decentralized application ecosystem, said blockchain specialist John Davis.

As Pi Network continues its Know Your Customer (KYC) operations and Mainnet migration process, more tokens are being released into circulation. Such unlocking of supply can increase selling pressure, and hence the price could fall if demand does not remain consistent.

Additionally, Pi’s lack of presence on significant exchanges—such as a potential Pi Network Binance listing—has contributed to its liquidity issue and broader market exposure.

Nevertheless, Pi Coin is a popular asset among the community, enjoying a growing social media footprint and increasing attention from retail traders.

Can Pi Hold Steady Above $1.05?

With Pi Coin continuing to seesaw, its outlook is uncertain, but the bounce from the $0.86 low is a sign that there could be further upside potential. Meanwhile, the most important question is whether it can overcome and hold above $1.05. If it does, $1.20, $1.35, or even $3 could be the next objectives. That being said, with the volatility with which the price of Pi has traded, caution may be warranted.

Since there are increasingly more developments in the Pi Network ecosystem and increasingly more demand for mobile-friendly cryptocurrencies, Pi Coin might still have room to rise. However, much depends on how well it can manage the growing supply of tokens, overcome resistance levels, and attract real-world adoption. The next few weeks will be crucial in determining whether Pi Coin can turn its recent momentum into sustained growth.

Looking Ahead: Long-Term Growth Potential

Pi Coin’s long-term prosperity hinges on its ability to build a robust ecosystem. As appealing as short-term price action is to speculative traders, Pi’s real value is in the buildup of its ecosystem, particularly its DApps and real-world applications. Pi Network has already made headway with the Mainnet migration, and the PiFest 2025 event is being set up to drive real-world adoption of the token.

But the path to stability may be bumpy.