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Can Pi Network Price Hit $1000?
Pi Coin has been experiencing a bearish trend lately, with its indicators pointing towards weakness. At the moment, it’s trading at $0.5745, down 4.5% in the last 24 hours. Additionally, its RSI is nearing overbought territory at 35.
The cryptocurrency has been trading sideways since May and has dropped by 20% in the past month. It’s currently sitting just above a crucial support level of $0.56, which has been tested multiple times. If this level breaks, the price could potentially slide towards $0.40, which was its recent major low.
On the other hand, resistance remains strong around $0.75-$0.80, and bulls would need to reclaim this area for any trend reversal to begin.
Pi Network’s demand has also seen a decline in the past few months. It had reached a daily volume of over $3 billion during its peak, but currently, it is only at around $100 million. This drop comes as millions of new tokens are being unlocked daily, which continues to put pressure on the market to sell.
According to Pi Scan, more than 337 million tokens are set to be unlocked in the next 30 days. Pi Network could take over five years to become a true global currency, according to Dr. Altcoin. He highlights that Pi still lacks price stability, real-world utility, and mass adoption. It needs to hit at least $10 to be practical within its ecosystem.
Despite the current bearish trend, some analysts remain extremely bullish on Pi Coin’s long-term potential. Dr. Altcoin predicts it could reach $314 in five years based on its strong community and fundamentals. Bitget takes a more aggressive stance, predicting an even more optimistic price of $500-$1,000+ by 2030, driven by DeFi and fintech integration. According to CoinDCX, Pi Coin could potentially reach $20-$50 by 2040 if it experiences exponential adoption and becomes a mainstream crypto asset.
While a $1,000 price in the future is possible, it remains highly speculative and would depend on Pi maintaining strong momentum and achieving widespread utility.
Source: coinpedia.org
