Pi Network (PI) Price Prediction: Volume Soars Over 150%, Will the Next Step Be a Break Above $1?

Gate news, on Thursday (June 26) during the Asian late session, the price of Pi Network (PI) pulled back from its rise, falling to $0.5768, but it still remains strong on a weekly basis, showing signs of a strong comeback ahead of Pi2Day. In the past 24 hours, the volume of PI skyrocketed by 153%, reaching $285.65 million.

According to CoinPedia, analyst Kim H. Wong stated that this surge is an important milestone for PI, especially with only three days left until Pi2Day. This event is expected to bring updates on project progress, ecosystem development, and the latest advancements in artificial intelligence (AI) integration.

If the PI coin breaks through the resistance level of $0.65, it may quickly rise to the range of $0.80 to $1. The historical highest price of the PI coin is $3, and the recent lowest price is $0.40, so there is still room for rise.

Analyst Joe Swanson added that this breakout is as he expected, and it could be the beginning of a longer-term rebound, with the rebound strength likely to be greater as Pi2Day 2025 approaches.

The technical analysis shows short-term bullish signs. The chart of PI coin indicates an overall neutral trend, but there are signs of strength in the short term. The short-term moving averages (10-day, 20-day, and 30-day) mostly show buy signals, suggesting a potential rise. However, the long-term averages (50-day and 100-day) are still flashing sell signals, so the current long-term trend remains weak.

What to expect on Pi2Day?

The recent rise comes at a time when people are excited about the potential announcement of generative artificial intelligence (GenAI) on June 28. The core team is also expected to announce significant ecosystem updates. Whale activity has also driven the price up, with one wallet purchasing over $173 million worth of PI coins, which is likely a large institutional investor.

The community is waiting for the launch of KYC Sync, which will enable users to more easily link their IDs between the Pi App and the browser, a move that will bring millions of users closer to the full migration to the mainnet.

Will there be a correction next? However, some analysts warn that the recent rise of PI may be just a flash in the pan. Although speculation and technical momentum have driven this surge, a pullback may be imminent. In addition, over 268 million PI tokens will be unlocked in July, which is the largest unlock volume before 2027, and this may put downward pressure on the price.

Dr. Altcoin recently stated that the recent ceasefire between Israel and Iran is a positive signal for the PI coin. He mentioned that PI is unlikely to fall below $0.40 and expects that as the volume of token unlocks decreases, PI will slowly rise starting from the end of August.

What is ChatGPT's price prediction for PI today?

According to ChatGPT's prediction for the price of PI, the PI is currently showing a bullish trend. If it breaks through the resistance level of $0.65, it is expected to rise to the range of $0.80 to $1.

What is Pi2Day? What announcements are expected to be released?

June 28th, Pi2Day is a day for Pi Network to share project updates, ecosystem development, and potential GenAI integration, in order to inspire enthusiasm within the community.

How does "whale activity" affect the price of PI?

Large institutional participants (whales) making significant purchases, including a single transaction worth over $173 million, are driving up the price and market excitement for PI coin.