The post Can Pi Network Price Hit $1 Again? appeared first on Coinpedia Fintech News
Pi has been struggling this week, slipping over 3% to hover around $0.54. Frustration ran high after the migration hiccups ahead of the June 28 upgrade, and many pioneers sold off in impatience. Just a month ago, Pi was comfortably trading above $1—now it feels like déjà vu as the coin tests lows down near $0.40.
Triangle Pattern Signals
Analysts have spotted a classic symmetrical triangle, with price pinching between roughly $0.54 and $0.74. This kind of squeeze means the next big move could be explosive. A push above $0.74, and holding that ground—might send Pi racing back toward, or even past, the $1 milestone.
Support at $0.40: Make or Break
The $0.40 zone has been Pi’s safety net for weeks, bouncing price each time it dips that low. A decisive close below $0.40 could open the door to deeper losses. On the flip side, holding firm there could spark a much‑needed relief rally.
Pi2Day and Potential Catalysts
With Pi2Day just around the corner on June 28, excitement is building. Any positive surprise—whether it’s smoother upgrades, a Fed decision that calms markets, or a big partnership announcement, could be the spark Pi needs. Pioneers are hoping that this “Day of Great Expectation” turns frustration into FOMO.
Why Pi Is Under Pressure
A flood of newly mined coins has outweighed real‑world demand, and without obvious use cases, many early adopters have cashed out. That oversupply is at the heart of Pi’s recent slide. Until mining cools off and practical applications emerge, price swings will likely feel lopsided.
Looking Ahead
If Pi can tame the supply tap and show genuine utility, a path back to $1 remains on the table. But the network will need more than wishful thinking—it needs real‑world adoption and patient holders. For now, all eyes are on the triangle squeeze and the events of Pi2Day to see whether Pi’s next big move is back up the mountain or further down the valley.
