Bitaigen Research We analyze Pi Coin’s recent price movement from three dimensions—technical, fundamental, and project developments—to help readers understand the logic behind the volatility and assess potential key turning points ahead. If you want to know whether the coin is poised for a new rebound or will continue to face pressure, keep reading.
Pi Coin Price Forecast: Collapse or Recovery? A Comprehensive Analysis of Future Trends
Technical Overview
Since its debut on exchanges in February 2025, Pi’s price has experienced sharp fluctuations. After a brief surge to an all‑time high of $2.99, it shed nearly 90 % over the following months, sliding to the $0.34‑$0.36 range by mid‑September. Recently, trading has largely hovered around $0.35. The key technical levels are:
- Resistance: $0.38‑$0.40. A breakout could attract momentum buyers and trigger a short‑term rally.
- Support: $0.32‑$0.33. Falling below this zone may expose the coin to further declines toward $0.30.
Moving‑average indicators show Pi still trading below its 20‑day and 50‑day averages (around $0.355‑$0.363), suggesting a bearish overall bias. Nevertheless, market sensitivity to news has risen—Dr. Fan Chengdiao’s confirmation that she will attend TOKEN2049 nudged the price from $0.34 to $0.36, indicating that investors now view leadership activity as a potential catalyst.
Fundamental Factors: Circulating Supply and Listings
Pi’s price swings are not driven purely by technicals; supply‑and‑demand dynamics play a crucial role. The current circulating supply stands at roughly 8.09 billion, while the maximum cap is 100 billion, meaning over 90 % of tokens remain locked or slated for future release. The 276 million unlock that occurred in July 2025 already exerted downward pressure, and the pace of future releases remains a key monitoring point.
Liquidity is modest, with daily trading volume hovering around $40‑$50 million. Several major exchanges have yet to list Pi, resulting in thin order books; a large sell‑off could therefore cause pronounced price swings. This scarcity fuels external skepticism about Pi’s ability to break out of its “closed‑loop community” model.
Despite these challenges, Pi Network boasts over 45 million early adopters who stay active through its mobile mining app, making it one of the largest grassroots communities in crypto. Sentiment inside the community is generally optimistic, with members hoping Pi will find real‑world use cases. In the broader crypto market, sentiment is a mix of curiosity and caution. The overall trajectories of Bitcoin and Ethereum continue to exert a strong correlation on Pi’s price.
The Significance of TOKEN2049
Since its founding in 2019, Pi’s co‑founder Dr. Fan Chengdiao has rarely appeared in public. In October 2025, she will deliver her first keynote at TOKEN2049 in Singapore—a milestone many view as a turning point for the project. TOKEN2049 is one of the world’s largest blockchain conferences, attracting over 25,000 participants and hundreds of Web3 projects. Pi will appear as a gold‑level sponsor, aiming to showcase its ambitions to industry leaders.
The speech is expected to focus on several core topics:
- Mainnet Launch & Roadmap: The current mainnet remains restricted by KYC, limiting external interoperability. A clear timeline would give developers the foundation needed to build dApps.
- Exchange Listings & Liquidity Boost: More listings are vital for depth; any positive progress could lift market sentiment.
- Ecosystem Utility & Partnerships: Past hackathons and ecosystem funds aim to drive real‑world adoption. Announcing new collaborations or live applications would reinforce Pi’s shift from speculation to utility.
- Protocol Upgrade: The team is working toward version 23, improving network stability; simultaneous smart‑contract support would markedly enhance the technical stack.
- Global Expansion: Integration plans with Onramp Money across 60+ countries/regions signal Pi’s intent to become a truly international digital currency.
Analysts believe that substantive confirmations on any of these fronts could generate short‑term inflows and rekindle community enthusiasm.
Possible Price Paths & Key Levels
Bullish Scenario
If Dr. Fan’s presentation delivers a concrete mainnet timetable, exchange‑listing milestones, or major partnerships, Pi could breach the $0.38‑$0.40 resistance zone. Holding above $0.40 may attract momentum buying, pushing the target toward $0.50 or higher. A large‑scale community rally paired with solid announcements would likely amplify the rebound.
Bearish Scenario
Conversely, a vague or disappointing speech could trigger a “news‑sell” reaction. In May 2025, co‑founder Nicolas Kokkalis saw a brief price spike after another event, only to see the coin fall as profit‑taking took hold. A similar pattern here, combined with ongoing token unlocks (new supply entering exchanges), would increase downward pressure. Breaking below the $0.32 support could quickly erode sentiment, leading to a test of $0.30.
Critical Technical Marks
- Upside Break: $0.40 → possible initiation of a new buying wave
- Downside Break: $0.32 → triggers a deeper correction
The broader market context is equally important: a rising Bitcoin or Ethereum typically helps Pi hold its ground, while a bearish crypto environment would cap its upside.
Pi Coin Price Forecast (2025‑2036)
- 2025: Expected average price between $0.338‑$0.661, representing an upside of roughly 85.39 % if the upper bound is reached.
- 2026‑2029: The high could climb to $1.44, implying a potential 166.14 % increase over the current level by 2029.
- 2031‑2036: Upper‑range projections rise to $2.28‑$3.56, equating to overall gains exceeding 500 %. These figures are for reference only and do not constitute investment advice.
Conclusion
TOKEN2049 represents more than a publicity opportunity for Pi Network; it is a pivotal moment that could determine whether the project escapes the “silence and delay” phase. Dr. Fan Chengdiao’s inaugural major public address offers a prime platform to showcase Pi’s vision to the global crypto ecosystem. If the talk yields a clear mainnet plan, a roadmap for liquidity improvement, or tangible partnership announcements, Pi may break the $0.38‑$0.40 resistance on technical charts and embark on a new upward trajectory.
Nonetheless, genuine recovery hinges on post‑speech execution. Community enthusiasm can provide a short‑term boost, but without concrete follow‑through, the price may slip back below $0.32. Investors should monitor the content of the speech while also evaluating the project’s long‑term supply‑demand balance, liquidity strategy, and real progress within its ecosystem.
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This article aims to deliver an objective analysis of Pi Coin’s price dynamics. All forecasts are based on publicly available data and industry observations and should not be taken as investment advice. For more in‑depth coverage of Pi Coin, continue following Bitaigen or explore the related articles below.
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⚠️ Risk Disclaimer: Crypto prices are highly volatile. This is not investment advice.
