The Open Network phase of Pi Network started on February 20 2025, after long years of waiting

The substantial network transition represents the final result of significant development and widespread community participation.

The Open Network phase of Pi Network commenced on February 20, 2025, after a lengthy anticipation period of two years. This substantial network transition marks the final result of significant development and widespread community participation.

The network’s potential for broader acceptance is highlighted by the completion of Know Your Customer (KYC) verification by more than 18 million users, and the mainnet has attracted over 8 million users. As the main net launched, it triggered immediate market effects on the Pi Coin price.

The coin price increased by 80% of its initial value in the first day of trading. It reached a high of $92, before settling at $80.91. Trader sentiments rose following the public announcements of OKX and Bitget exchanges to add Pi for spot trading.

The market displayed substantial investor movement and price changes. Large holders with the status of whales conducted an exchange withdrawal of 41 million Pi Coins worth approximately $27 million over 48 hours. These asset-holding actions indicate that investors believe Pi’s future value will increase and that the project has excellent long-term potential.

A Final Thoughts

The mainnet launch marks a landmark achievement for Pi Network, but the project now needs to overcome multiple maintenance obstacles. For continued growth, the network needs to successfully bring in developers and meet regulatory standards while creating an active ecosystem. Moreover, the volatile nature of the cryptocurrency market necessitates cautious optimism among investors.

Can Pi Coin Price Reclaim the $0.79 High?

Currently, Pi Coin price has established a strong support at the $0.64 mark, coinciding with the 50-day MA. This indicates some bullish prospects, as the bulls attempt a rally toward $1. If the support level at $0.64 holds strong, Pi Coin price could target the next key resistance at $0.69, which coincides with the 200-day MA. A breach above this level will open the door for further uptrend, potentially toward $0.76, $0.78, and $0.79.

Chart 1- PI/USD Daily Chart, provided by Emmaculate, published on TradingView, April 25, 2025.

A quick look at the Pi Network technical indicators suggests a potential upside. The Relative Strength Index sits at 54.80, above the mean level, indicating that the bulls are building strength. Increased buying appetite will call for a rally toward the upside. Moreover, there is still more room for the upside before Pi Coin is considered overbought.

The recent investor confidence in Pi Coin potentially hitting $1 is evident, as Pi Network boasts a 5% surge in the past week. Moreover, a checkpoint exists within the ecosystem during preparations for the Consensus 2025 summit in Toronto. The team just approved Fruity #Pi decentralized application bearing a purple check mark, according to Dr Altcoin.

Meanwhile, the Pi Coin price indicates a potential surge in the coming days, as the team tirelessly builds the ecosystem. Traders and investors should cautiously monitor the key support and resistance levels, and surging trading volume to determine the future direction of Pi Network.