Pi coin price prediction: Mainnet migration heats up, analysts bullish to $0.50

The latest price of Pi Network (PI) is 0.3592 USD, with a 7.33% fall in the past 24 hours, and a market capitalization of about 2.81 billion USD. Despite the price drop, the volume surged by 142% to 68.61 million USD, indicating a rise in speculative market sentiment. Analysts believe that as speculation about the second Mainnet migration continues to brew, Pi coin is expected to rebound to 0.50 USD in the short term.

Technical Analysis: Support at Demand Zone and Breakthrough Potential

Market analyst Jen pointed out that the Pi coin has entered a consolidation period after experiencing a 40% increase, currently constrained by a downward trend line, but 0.38 USD is a key support level.

The 4-hour chart shows that the Pi coin has fallen below the downward channel and is re-testing the demand zone.

Bollinger Bands: Price is close to the lower band, indicating an oversold condition.

Money Flow Index (MFI): at 33, close to oversold zone.

If it can stabilize around 0.35 dollars, the price is expected to first challenge the resistance at 0.41 dollars, ultimately testing 0.50 dollars. On the contrary, if it falls below that area, it may trigger a new round of selling pressure.

Mainnet migration speculation becomes the biggest catalyst

The "Mainnet migration" of Pi Network is the process of transferring user balances from the testnet to the mainnet, unlocking the actual application value of the tokens.

First migration: Successfully brought early users into an active ecosystem, validating the infrastructure of Pi.

Second migration speculation: The market expects to attract more users to participate, enhance secondary market liquidity, and strengthen ecosystem trust.

This expectation is driving investors to position themselves in advance, becoming one of the core reasons for the recent increase in Pi coin trading activity.

Price Outlook: Conservative Range and Bullish Targets

The current price of Pi coin remains in a conservative trading range, with the short-term trend seeking balance between technical support and migration expectations.

Bullish scenario: Hold the support at 0.35 USD → Break through 0.41 USD → Challenge 0.50 USD

Bearish scenario: falls below $0.35 → weakens market confidence → tests lower support

Analysts generally believe that if the second Mainnet migration takes place in the near future, it will become an important catalyst for pushing the PI coin to break through 0.50 dollars.

Conclusion

Pi coin is at a critical turning point: In the short term, technical support and expectations for the Mainnet migration are shaping the price trend. If it can hold the demand zone and welcome positive news, the target of $0.50 is not out of reach. Investors should closely monitor the migration progress and changes in market sentiment, as this will directly affect the next market movement of Pi coin. For more real-time market updates and cryptocurrency analysis, please follow the official Gate platform.