Pi Coin price hovers near lows, but excitement around this week’s hackathon sparks talk of a possible 150% surge to $1.
This week, Pi coin price has stayed in a bear market, staying close to its all-time low as people lose faith in it.
This drop could end this week, as the Pi Network token started to show signs of life before this week’s event, where developers will show off their works.
Pi Coin Price Is Ready To Rise Again As Opposite Trends Form
For months, Pi coin price has been decreasing.
This sell-off has been so bad that it missed the recent bull run in the crypto market, which pushed Bitcoin to a new high.
Trend signs such as the moving average and the supertrend show that the price of the Pi Network still has more room to fall.
Pi coin price is less than $0.3950, the 25-day moving average.
Top oscillators such as the Relative Strength Index (RSI) and Stochastic also point to further falls.
On the bright side, the Pi coin has made a big falling wedge shape that points to a possible comeback.
This pattern, which is shown in green, is made up of two trendlines going down and coming together.
A positive breakout usually happens when these lines are getting close to where they meet.
The price of Pi Network has also been stable and has not changed much, which shows that it is in the gathering phase.
There is more demand than supply during this time, which is followed by the markup.
In light of this, the likely Pi Network price prediction 2025 is that it will make a strong comeback soon.
For this to happen, it can go up by 150% to the critical level of $1.
If the bullish Pi coin falls below its all-time low of $0.3225, it will no longer be valid.
Going below that level will show that short-sellers are still there and ready to push it down even more.
This Week, Pi Hackathon Is Big Deal
This week, the main thing that has made Pi valuable is that coders are having a hackathon this Thursday.
At the recent Pi2Day event, they showed off new tools like the AI Studio and staking.
This workshop builds on that.
The people who made it hope that people will use it to create apps that make it more involved.
The winner will get 75,000 Pi tokens worth $26,500 right now.
This hackathon aims to ensure that the Pi Network is not a “ghost chain,” which it is right now, because it has no popular uses.
Having a community will help the price of the Pi coin by making it more active and burning more tokens.
After that, these burns will cancel out the effect of the token opens.
An ecosystem for the Pi Network will likely make it easier for companies like Binance and Coinbase to sell their coins on exchanges.
It could also cause more Pi Network whales to gather.
In short
This year, the price of Pi coins has dropped a lot.
The coin has made a falling wedge chart pattern, meaning the sell-off may end.
In the Wyckoff Theory, it is also in the buying stage. The next step is markup.
It’s important to note that the Pi Network price hasn’t paid attention to significant events like Pi2Day in the past.
Because of this, it might still be under much stress during and after the hackathon.
