Pi Network Price Prediction: big pump of 65% followed by a trend change, ready to surge to $0.50?

The price of Pi Network has been trading sideways in the past few days, with a trading price of $0.2490. The recent upward momentum has stalled. The current price is about 65% higher than this year's low of $0.1515. On the technical side, Pi Network has broken through the upper band of the falling wedge pattern, which typically signals a bullish reversal.

Falling wedge breakout indicates trend reversal

(Source: Trading View)

The daily chart shows that the price of Pi coin has been in a strong downtrend since February this year. Its price has dropped from nearly $3 at its peak to a record low of $0.1515 in October, a drop of up to 95%. This sharp decline is mainly due to long-standing controversies surrounding Pi Network: slow KYC processes, delays in the mainnet, and uncertainties regarding token unlocks have continuously undermined market confidence.

Current signs indicate that the token may rebound strongly in the coming weeks. One of the signs is that it has already broken through the upper band of the falling wedge pattern. A falling wedge pattern is formed when two downward-sloping and converging trend lines appear. This pattern is characterized by a gradual decrease in trading volume as the wedge forms.

One of the main characteristics of this pattern is that it may take weeks or even months to form. Taking Pi Coin as an example, this pattern has been forming since at least May of this year. Typically, when the two lines approach the intersection point, a bullish breakout occurs. This explains why the token rebounded last week.

Another characteristic of the falling wedge is that it forms a bullish divergence pattern before the breakout. When the price is declining, momentum oscillators such as the Relative Strength Index (RSI) and True Strength Index (TSI) move upward instead. This pattern appears at this time. This divergence indicates that selling pressure is diminishing; although the price is still making new lows, the momentum no longer supports further decline.

Three Bullish Characteristics of Falling Wedge

Convergence: Two downward trend lines gradually approach, indicating weakening selling pressure.

Volume Shrinkage: As the pattern develops, trading volume gradually decreases, and selling pressure is exhausted.

Bullish Divergence: RSI/TSI rises while the price makes a new low, indicating a reversal.

Therefore, the most likely path for the Pi Network price prediction is to pump, with the next price level to watch being $0.50. This would represent a pump of about 100% from the current price, and a pump of 230% from the low of $0.1515. If it falls below the support level of $0.1515, the bullish prediction will fail, and the Pi Network may enter a deeper bearish adjustment.

KYC process breaks through to solve the biggest pain points

Due to improvements in the fundamentals, the price of Pi Coin may soon rebound. One reason is that the developers are addressing some major criticisms of the project. For example, they are working to improve the KYC process, which has been very disappointing over the past year. The recently launched KYC process has enabled the network to verify the identities of millions of users.

The KYC (Know Your Customer) process is one of the biggest controversies surrounding Pi Network. When the project launched in 2019, it promised to create a cryptocurrency driven by ordinary people, allowing users to mine using their mobile phones. However, the transition from testnet to mainnet has been extremely slow, with the main bottleneck being KYC verification. Millions of users have been mining on their phones for years but are unable to unlock their tokens due to failing KYC verification.

This delay has raised widespread questions: Is Pi Network a real project or a Ponzi scheme? Why is KYC so slow? The lack of transparency from the development team has intensified these concerns. However, the recently launched improved KYC process shows that the team is actively addressing the issues. If millions of users can successfully complete KYC and start trading their Pi coins, it will significantly boost market confidence.

At the same time, this has raised concerns about supply pressure. When a large number of users complete KYC and unlock their tokens, a selling wave may occur. However, from a technical analysis perspective, a falling wedge breakout is usually accompanied by strong buying pressure, sufficient to absorb the initial selling pressure. The key lies in how the development team manages the pace and transparency of token unlocking.

First investment of 100 million dollar ecological fund landed

Last week, an ecosystem fund with a scale of 100 million USD began to be put into use, and developers made their first investment. The fund invested in OpenMind, a company that had previously secured millions of dollars in investment. In addition, the two companies completed a proof-of-concept project that allows volunteer node operators to run artificial intelligence models for OpenMind. This pilot program means that node operators can run computing tasks for third parties.

The strategic significance of this investment far exceeds its surface value. First, it proves that the Pi Network is not just a token project, but is building a real ecosystem. A fund size of 100 million dollars is not considered small in the crypto field, and if deployed effectively, it will attract developers and businesses to build applications on the Pi Network.

Secondly, the collaboration with OpenMind reveals the potential use case of Pi Network: a decentralized computing network. Allowing node operators to run AI models for third parties means that Pi Network could evolve into a decentralized computing market similar to Render Network or Akash Network. Considering the huge computational power demands for AI training and inference, this direction has long-term potential.

Thirdly, the implementation of the initial investment demonstrates the team's execution capability. The crypto space is filled with “pie in the sky” projects, and it is rare to find projects that can truly allocate funds into practical applications. OpenMind has received investments from other institutions, which adds credibility to Pi Network's investment decision.

ISO certification rumors may trigger a pump

There are rumors that Pi Network will obtain ISO certification alongside Stellar and Ripple. This move is undoubtedly good news for Pi Network, as it may encourage more exchanges to list Pi Network. ISO 20022 is a financial messaging standard established by the International Organization for Standardization, aimed at achieving seamless communication between global financial institutions.

Ripple (XRP) and Stellar (XLM) are widely regarded as compliant with the ISO 20022 standard, giving them a competitive advantage in the fields of cross-border payments and interbank settlement. If Pi Network also obtains ISO certification, it will mark the project's leap from “altcoin” to a digital asset with institutional-level application potential.

However, this rumor has not yet been officially confirmed, and investors should remain cautious. ISO certification requires meeting strict technical and compliance standards. Pi Network is currently still in the mainnet transition phase, and its technological maturity may or may not meet ISO standards, which remains to be verified. If the rumor is ultimately confirmed, the price of Pi Network may experience a explosive pump; if proven false, it may trigger a disappointing sell-off.

Moreover, ISO certification will significantly enhance the likelihood of Pi Network being listed on exchanges. Currently, Pi Network is only traded on a few exchanges, and mainstream exchanges have not yet gone live. ISO certification could become the catalyst for these exchanges to list Pi coins, as it provides assurances of regulatory compliance and technical reliability.

Risk and Cautious Expectations

Despite the technical and fundamental indicators suggesting an optimistic price forecast for Pi Network, investors still need to be aware of multiple risks. Firstly, the degree of centralization of Pi Network is widely questioned. The team controls a large portion of the token supply, and the decision-making process lacks transparency. Secondly, although the KYC process has improved, large-scale unlocks may trigger selling pressure. Thirdly, if the rumors about ISO certification are proven false, it will severely undermine market confidence.

Based on the price prediction of Pi Network, $0.50 is a reasonable target based on technical analysis, but this does not guarantee that it will be achieved. Investors should set a stop loss below $0.1515; once it falls below this key support level, the bullish narrative of the falling wedge will fail. Additionally, close attention should be paid to the progress of KYC, the dynamics of ecological fund investments, and official news regarding ISO certification.