Pi Network Price Prediction: What’s Next for PI’s Price?

Pi Network Extends KYC Deadline to 2025: What’s Next for Price?

Pi Network Extends KYC Deadline to February 2025

As per Pi Network's official announcement, The Pi Network team has officially extended the deadline for Know Your Customer (KYC) verification and Mainnet migration to February 28, 2025. This extension allows Pioneers additional time to secure their Pi coins and complete the verification process.

While this update ensures fairness and accessibility, it operates independently of the Open Network launch, meaning that the Open Network could launch before or after this deadline. This has led to speculation and uncertainty in the market regarding Pi’s future price movement.

Pi Network Price Drops 60% – Will It Hold Support?

Despite the extended deadline, Pi's price has fallen by 60% from its October highs, now hovering dangerously close to a crucial ascending support trendline. Investors are wondering: Will Pi break down further, or can it gather strength for a rebound?

Currently, Pi is trading inside a falling wedge pattern, a formation that often signals a potential reversal. However, uncertainty surrounding the extension may result in sideways movement until further clarity emerges.

Key Support and Resistance Levels to Watch

The critical price level to watch is $39—if the PI network price fails to hold above this support, it could invalidate the bullish outlook. A breakdown below $39 could lead to a significant drop to the next support level at $20, representing a 25% decline from the trendline breakout.

On the other hand, if Pi takes support and successfully breaks the wedge pattern, the price could rally toward $70 and even $100 in the near term.

Pi Network Faces Bearish Technical Indicators

Pi’s price volatility has increased in recent days, with technical indicators signaling a bearish outlook:

- Relative Strength Index (RSI): The RSI has dropped below 50, indicating a shift into bearish territory.

- Moving Averages: Pi is currently trading below the 20-day, 50-day, 100-day, and 200-day moving averages, reinforcing a short-term bearish trend.

These indicators suggest that unless Pi regains momentum, further downside is possible.

Can Pi Price Drop to $20?

Since rejecting the $95 resistance level in December 2024, Pi has been in a downward trend. The cryptocurrency is now at risk of breaking down from its long-term ascending support line, which could trigger another sell-off towards $20.