Pi Network's Native Cryptocurrency, PI, Has Captured Fresh Attention After a Notable Price Surge

Pi Network's native cryptocurrency, PI, has captured fresh attention after a notable price surge. The coin climbed over 9% in 24 hours, hitting a peak of $0.8500

Pi Network’s native cryptocurrency, PI, has gained fresh attention following a notable price surge. The coin climbed over 9% in 24 hours, reaching a high of $0.8500 before settling at $0.7993.

This move highlights the strong bullish momentum of PI, especially in a market where most other altcoins are struggling. However, despite the rally, several uncertainties still loom over PI’s long-term outlook. These include the availability of PI on major exchange listings, the coin’s actual utility, and ongoing mainnet access issues for users.

The latest one-day chart of PI shows a bullish breakout from a week of sideways trading. After finding strong support at $0.7350, the coin experienced a rapid ascent.

The rally encountered minor resistance at $0.7500 and $0.7750 before testing the psychological barrier of $0.8000.

Currently, PI faces an immediate resistance zone between $0.8500 and $0.8550. This range marks the highest level attained in the last 24 hours. A decisive close above $0.8000 could set the stage for another leg up.

From the support perspective, the $0.7350 level, which was tested multiple times ahead of the breakout, provides strong support. In the short term, minor support zones are present at $0.7500 and $0.7750, which could prevent deeper pullbacks.

According to Coincodex data, PI is expected to end 2025 trading in the range of $1.51 to $1.76. This prediction from multiple analysts signals a potential upside of over 100% from current levels.

If realized, early investors could be reaping returns nearing 120%. However, several key hurdles must be overcome for such optimism to materialize.

Since the mainnet launch in February, users have reported persistent delays in accessing their tokens. These delays are attributed to bottlenecks in the Know Your Customer (KYC) verification process.

Early adopters are becoming increasingly frustrated as they are unable to withdraw their mined PI coins despite expectations of gaining full control by now.

PI is currently listed on exchanges like Gate.io, Bitget, and OKX. However, it is yet to be included on Tier 1 platforms like Coinbase and Binance. This limited listing hampers the coin’s liquidity and broader adoption.

Another key aspect is the $100 million venture fund announced by Pi Network. The fund, named Pi Network Ventures, was unveiled in December to propel the development of decentralized apps (dApps) and new use cases for PI.

Despite the announcement, the fund has yet to demonstrate significant activity.

Pi Network boasts an impressive user base of over 60 million. However, the cryptocurrency’s use cases beyond speculation remain limited.

While community events like PiFest are being organized and several dApps are in development, few are fully operational and integrate PI in their tokenomics.

This lack of decentralized application support may hamper the long-term sustainability of PI’s price growth.