Pi Coin (PI) Price Prediction as It Struggles at Key Resistance

Pi Coin (PI) continues to face turbulent price action, currently hovering around $0.78 while struggling to break past the $0.86 resistance.

"Pi Coin (PI) continues to face turbulent price action, currently trading around $0.78 after struggling to break past the $0.86 resistance.

This price barrier has emerged as a crucial level that could determine whether PI initiates a bullish breakout or remains trapped in its downtrend from its all-time high (ATH) of $3.75, reached in late 2022.

Despite shedding nearly 50% of its value in the past 14 days and 71% in last 30 days, Pi’s community remains optimistic, with some traders speculating a potential rally.

However, technical indicators paint a mixed picture, raising uncertainty about the token’s next move.

Will Pi Coin Break Resistance?

Recent chart patterns suggest Pi Network (PI) may be on the verge of a reversal. The cryptocurrency has managed to break out of a descending parallel channel, a pattern often associated with the beginning of an uptrend.

However, the price is now retesting support at the upper trendline, making this a critical juncture.

If sellers manage to push the token lower, then the next support level is at $0.61, which coincides with the lower boundary of the channel. On the flip side, if buyers can maintain control and push the token higher, then the next resistance level is at $0.86, which is the high of the recent trading range.

A break above this level could open the door for a move toward the psychological $1 mark. For a confirmed uptrend, Pi Network token must rise above the $1.51 resistance, a move that could set the stage for further gains toward its previous highs.

Challenges Ahead: Can Pi Crypto Overcome Its Hurdles?

While optimism remains, Pi Network still faces several significant obstacles:

If other exchanges such as Upbit, Bithumb, Kraken, or Gemini decide to list PI, it could open the floodgates for institutional and retail investors, providing a much-needed price boost.

One of the biggest driving forces behind Pi Coin’s speculative price action is the possibility of exchange listings on major platforms like Binance and Coinbase. The Pi Network community has been actively advocating for its listing, believing that increased liquidity would significantly boost its token price.

There are signs of strong buying interest despite the bearish trend. A crypto analyst recently highlighted that a single wallet acquired 3.65 million PI tokens across six transactions, demonstrating ongoing demand. If such buying trends continue, they could help stabilize the price and fuel a recovery.

In Future

Looking ahead, analysts hold divided opinions on Pi Network’s trajectory. To reclaim its ATH of $3, several factors must align, including a successful exchange listing on a major cryptocurrency exchange.

For now, Pi traders remain watchful, waiting to see if the token can build momentum or succumb to further selling pressure. If key resistance levels break, Pi Network may be poised for a substantial rally in the coming months.