.png){kind=logo}
At US$0.59, Pi Network is showing early signs of a trend reversal following bullish RSI divergence and a falling wedge breakout setup. With EMA compression building and mainnet wallet activation now live for KYC users, transparency and decentralization have become central to PI’s ecosystem revival. Over 12 million users have migrated to the mainnet, and testnet activity has soared past 19 million transactions.
At press time, Pi Network (PI) is trading at US$0.59, witnessing a modest increase of 0.15% in the last 24 hours. The token’s market cap is approximately US$4.16 billion, with a trading volume of US$55.10 million for the last 24 hours.
Pi Network has launched a new mainnet wallet activation feature that enables identity-verified users and persons either fully or tentatively KYC'd to activate their wallets and begin interacting with the Pi Mainnet.
The recent price action and indicator behavior for Pi Network (PI) suggest the possible formation of a bullish reversal after a long consolidation and downward pressure.
PI set a higher price low while the Relative Strength Index formed a lower low. This bullish divergence usually means bearish momentum is weakening and is often seen as a trend reversal sign.
Currently, just under US$0.60 right now, if PI breaks out of this wedge, it could spark a 16% reversal rally, pushing the token to its first key resistance at US$0.71. A confirmed close above will likely attract bulls to take it higher again, as their eyes will be on US$0.80 as the next psychological resistance. Breaking above this region then opens the way toward a US$1 mark, a major resistance and key level that could trigger both retail and institutional interest.
PI’s price is currently trading below all the EMAs, indicating a bearish trend. For a trend reversal confirmation, the price must break above all three EMAs (20, 50, 100) with strong volume.
All of these together would lead to a compelling technical argument for a short-to mid-term bullish reversal, though a break with a volume surge remains essential for confirmation.
Since speculation about the mainnet launch began to intensify, PI, the mobile-centric cryptocurrency project, has once again come into the spotlight. Though an official date has not yet been confirmed, increasing developer activity and the growing testnet usage are causing another wave of enthusiasm about the platform's long-term scope.
The PI coin reached a new milestone of crossing over 19 million testnet transactions. Further, more than 3,200 dApps have logged into the closed testnet environment, running in sandbox mode, pointing toward an increasing growth for the ecosystem.
The mainnet wallet activation is a new feature launched by Pi Network for users who have been confirmed KYC. It enhances accessibility and transparency, the two contentious factors that kept it from its listing on major exchanges. The update also supports greater decentralization, allowing external users to access the mainnet. As the network addresses regulatory concerns, experts believe this could pave the way for exchange listings and drive strong price growth in 2025.
With more than 12 million users already migrated to the mainnet, the update signifies a turning point for Pi Network on its route toward becoming a completely open ecosystem. Should exchange listings follow, PI could reach the altcoin spotlight as a legitimate competitor in 2025.
PI is shaping to be one of the most promising altcoins to watch in 2025. A bullish RSI divergence, a falling wedge pattern, and tightly compressed EMAs suggest a huge price reversal is due.
PI's recent developments are supporting its long-term outlook. Activating mainnet wallets for KYC-verified users is a giant step ahead in transparency and decentralization, and addresses the concern of holding up exchange listings. Pi Network's ecosystem is rapidly maturing with over 12 million users already migrated and more than 3,200 dApps operating on the testnet.
If these factors and fundamentals align, PI could indeed reach US$1 and assert itself as a dominant force in the altcoin market for the remainder of the year.
