Pi Network (PI) Can Increase 130% But Under This Important Condition: Details

See what needs to happen for PI to reach $0.40.

While the Pi Network’s native cryptocurrency posted a surprising recovery in mid-March, it has lost momentum and has been underperforming for the past few days.

According to one analyst, however, its value could quickly rise by three digits, assuming it passes a critical resistance level.

Light Time Again?

In early March, PI rose to a multi-month high of around $0.30 following major protocol updates and support from leading crypto exchange Kraken. However, the classic “sell the news” effect seen around Pi Day led to a major pullback, and the stock is currently trading at around $0.17 (per CoinGecko data), representing a 12% drop over the past two weeks.

Despite the downtrend, some market watchers remain hopeful that PI can get another boost in the near future. For example, user X Buzz Builder recently predicted that “a big pump is coming,” adding that the Pi Network is “building.”

ALTS GEMS’s warning was more accurate, arguing that months of sideways action around $0.17 typically lead to “big moves.” The analyst predicted that overcoming the key level of $0.20 could open the door for a price explosion up to $0.40.

“The build-up looks perfect. It’s ready to explode,” they concluded.

PI’s Relative Strength Index (RSI) shows that a move north is indeed possible on the horizon. The technical analysis tool tracks the speed and magnitude of recent price changes to help traders identify potential reversal points. It ranges from 0 to 100, where anything below 30 suggests the stock has entered oversold territory and may be in for a rally. On the other hand, ratings above 70 usually indicate that a correction may be imminent. Currently, the RSI stands at around 35, or very close to the bullish zone.

Warning Signs

However, not all things point to the top. The upcoming token launch, combined with the increasing amount of PI flowing into the exchange, suggests that the price may be headed south in the short term. The data shows that more than 207 million coins will be issued in the next 30 days, with an average daily opening of almost 7 million. April 9 marks a record day when 18.2 million PI will be released. This development will give investors an opportunity to release the tokens they have been waiting for a long time, but it does not guarantee a reversal.

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The growing number of PI tokens sitting on exchanges tells a similar story. In the last 24 hours, about 1.3 million coins have been transferred to such platforms, bringing the total balance to 475.2 million. This is often interpreted as a pre-sale step.