Pi Coin Breakout or Bull Trap? Analysts Eye $1 as Pi2Day Nears

According to analyst Kim H. Wong, the recent Pi coin price surge is an important technical and psychological moment for further Pi coin price prediction. The Pi Network price today is more than 19% in the last 24 hours, and trading volume has increased to $297.71 million.

This strong rise has made many wonder if Pi Coin is getting ready to break above $1, a level it hasn’t reached since its early trading days. Pi2Day, a highly awaited event in the Pi Network ecosystem, is just days away.

Even though the coin is still in closed mainnet phase, recent whale activity, social media buzz, and expectation for new AI-related updates are creating a strong positive sentiment around Pi coin.

Big Buyers Back Pi Coin’s Climb

The recent Pi coin price surge is not just driven by the community’s excitement. Market data shows that big wallets are buying large amounts of Pi. One wallet even bought over $173 million worth of PI tokens, which suggests institutional confidence in Pi’s long-term potential.

Crypto analyst Joe Swanson said Smart money often moves first. He explained that this kind of activity matches their Pi coin price prediction. Which expects the price to move toward the $1 mark if the current momentum continues.

These large-scale transactions usually show that some investors have strong confidence or are getting in early before major announcements are made.

Pi2Day Builds the Buzz

Pi2Day is coming soon, and even though the network is still in a closed mainnet phase, excitement is growing. Social media is full of hashtags and guesses, as the community waits for possible GenAI integration news and major updates.

Pi2Day 2025 could be a major turning point for Pi Network. The community is waiting for updates on KYC Sync, which may unlock pending migrations.

Hopes are also rising around AI features and possible exchange listings. Trading volume is near $296 million, showing strong interest. Many believe this event could push Pi closer to opening the mainnet and even the $1 mark.

The Pi Network price today shows this growing excitement, currently it is trading around  $0.5775 with a 24-hour trading volume of $295.66M. 

Traders are hoping that the event brings real progress, like moving to the open mainnet, launching KYC features, or expanding the overall ecosystem.

Technical Indicators

From a technical point of view, Pi Network is currently trading around $0.57, according to CoinMarketCap. Short-term moving averages, like the 10, 20, and 30-day lines, are showing renewed buying interest.

If PI keeps moving above $0.62 and breaks the resistance near $0.74, it could continue rising toward the $0.85 to $0.90 range in July.

However, long-term indicators still show caution. The 50-day and 100-day averages are weak, which means that even though the rally looks strong right now, it could slow down or fall back if market momentum softens after Pi2Day.

Experts Share Pi Coin Price Prediction

Several analysts have shared different Pi coin price predictions based on possible outcomes. If Pi successfully reveals GenAI tools and confirms its mainnet migration plans during Pi2Day, analysts believe the price could rise.

Price could reach and test the $0.80–$1 range by mid-July. This would support a more bullish Pi coin price prediction and increase market confidence.

However, if Pi2Day fails to meet expectations and traders begin to sell, the price may fall back toward the $0.45–$0.50 range. In this case, the Pi coin price prediction would possibly turn more cautious in the short term.

For long-term investors, the real breakout is expected once Pi launches its open mainnet. This might lead to listings on top exchanges like Binance or Coinbase. 

Conclusion 

The Pi coin price surge shows that more people believe in the project. Since the Pi Network price today is near an important level, everything now depends on what Pi2Day delivers.

While Pi coin price prediction gives different outcomes, most experts agree that Pi’s long-term success will come only through useful tools, decentralization, and major exchange access. For now, reaching $1 is possible, but it is not certain.

Summary 

Pi Coin has seen a strong 19% rise, which was driven by large investor interest, growing trade volume, and excitement ahead of Pi2Day. This Pi coin price surge is closely watched by experts as the Pi Network price today stays near a key point.

Even though opinions on the Pi coin price prediction vary, many believe Pi could approach $1 if AI updates and mainnet news are confirmed.

FAQs

1. What is the current price of Pi Coin?

Around $0.57 as per recent market data.

2. How much has Pi Coin surged recently?

PI surged over 19% in the last 24 hours.

3. Is Pi Coin trading on the open mainnet?

No, Pi is still in the closed mainnet phase.

4. What could push Pi Coin toward $1?

AI integration news, Pi2Day updates, and open mainnet launch.

5. What do analysts say about Pi’s price prediction?

If current momentum holds, PI could move closer to the $1 mark.

Glossary

Pi2Day- A major Pi Network event that often sparks updates, announcements, and price action.

Closed Mainnet- A restricted blockchain phase where trading is limited and not fully public.

Open Mainnet- The final public phase where the coin can be fully traded on major exchanges.

GenAI- AI tools or features expected to be integrated within the Pi ecosystem.

Smart Money- Capital from experienced investors or institutions making early strategic moves.

Sources

Coinpedia

Cryptoknomics

CoinDCX