Pi Network Price Outlook Before February 20 Open Mainnet Event

Why Traders Are Watching PI Price Before Pi Day on March 14

The recent price increase in Pi Network (PI) has caught strong attention across the crypto community as important events approach — the Open Mainnet anniversary on February 20 and the globally followed Pi Day (March 14). These milestones often bring fresh hype, new users, and higher trading interest.

After months of weak movement, the sudden bounce has created excitement. Many holders who waited through the downtrend now believe the project may be entering a new phase. Increased node synchronization, KYC migration, and ecosystem app growth are also strengthening investor confidence.

Source: X

And this is exactly why market interest around PI Coin price prediction has surged.

PINetwork Development Is Driving Market Confidence

The team is actively improving infrastructure. The protocol is upgrading from v19 to v23, more users are completing KYC verification, and more applications are launching inside the ecosystem. These are not price pumps — they are fundamental developments.

In crypto markets, prices often move before full adoption begins. Traders usually anticipate future usage. Because it is moving closer to open-network readiness and potential smart-contract functionality, investors are positioning early.

Simply put:
When users increase → demand expectations increase → attention rises → price reacts.

This explains why PI Coin is rising today even without a major exchange listing announcement.

PICoin Technical Analysis and Key Price Levels

At the time writing, the price is trading near $0.1700 after making a recent high of %$0.2070. The price has been in a long-term downtrend since its initial spike, forming a classic descending channel pattern.

On the higher-timeframe chart the price keeps making lower highs and lower lows, but recently the candles compressed near the $0.14–$0.16 zone and then produced a sharp bounce — this usually signals seller exhaustion.

The daily chart also shows a descending trendline breakout attempt with RSI rising from oversold toward 50+, which often appears before a relief rally rather than a full bull run.

Based on this pattern behavior, the most likely scenario is a short-term recovery first, then a decision zone.

If buyers hold above $0.15 support, it could move toward the first resistance around $0.20–$0.22, and a confirmed breakout above that level may extend the rally to $0.26–$0.30.

However, if the price fails to stay above $0.15, the wedge breakout becomes false and the coin could revisit $0.12–$0.13 support before any real uptrend begins.

Disclaimer: This article is for educational purposes only and not financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research (DYOR).