The weekly chart shows that the Pi Network price has remained in a tight range since 2023 when it crashed from a record high of $344 shortly after launch.
1. The Pi Network price could reach $100 if the developers announce the final date for the enclosed mainnet to open mainnet transition. This news would serve as a catalyst, driving the coin's value up.
2. A further delay in the Pi mainnet launch would likely lead to a strong bearish breakdown, with the coin plummeting to the key support at $18.20.
3. The Pi mainnet launch is expected to occur in the first quarter of 2024, as stated by the developers.
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