Pi Network (PI) Price Prediction: Analyst Says a 240% Rally Could Be Next

Pi Network’s token (PI) has been showing small but steady signs of life in the crypto market. On September 18, PI posted a modest 1.5% gain over the past 24 hours, sparking fresh debate on whether a bigger breakout is on the horizon.

Key Takeaways

• Analysts on X (formerly Twitter) believe PI could jump to $1.23—a potential 240% rally from current levels.
• However, upcoming token unlocks and record-high exchange reserves may put strong selling pressure on the token.

Can PI Stage a Major Comeback?

Pi Network’s native cryptocurrency launched earlier this year with a bang, hitting highs of $3 before sliding into a prolonged downtrend. Today, PI trades around $0.36, according to CoinGecko data.

Despite the slump, optimism among supporters hasn’t faded. Popular X analyst JAVON MARKS predicts PI could soar 242% to $1.23, pointing to a hidden bullish divergence on the Moving Average Convergence Divergence (MACD) indicator as the catalyst for a rebound.

Another well-followed voice, MOON JEFF, believes PI is still in its accumulation phase. In his view, patient investors could be rewarded when the next breakout arrives:

“A breakout will happen—it’s just a matter of time. Accumulate and don’t miss the lows.”

Still, there are risks. More than 140 million tokens are set to be unlocked in the next month, and PI exchange reserves have surged above 445 million, the highest level ever recorded. While this doesn’t guarantee a sell-off, it does raise concerns about heavy short-term selling pressure.

Recent Pi Network Developments

While the token’s price has been under pressure, the Pi Network team continues to deliver updates on the ecosystem. Earlier this week, they confirmed that the upgrade from protocol v19 to v23—covering Testnet, Testnet2, and Mainnet—is on schedule.

The network has already moved to version 22 on Testnet, with v23 expected to bring:

• Better performance and stability
• Features built on Stellar v23, customized for Pi Network
• New KYC (Know Your Customer) tools to give Pioneers more control

On top of this, Pi Network’s global profile is set to grow. Dr. Chengdiao Fan, one of the project’s co-founders, will speak at TOKEN2049 Singapore in early October. The event will feature crypto heavyweights like:

• Paolo Ardoino (Tether)
• Richard Teng (Binance)
• Tom Lee (Bitmine)
• Arthur Hayes (Maelstrom)
• Justin Sun (Tron)

Final Thoughts

Pi Network may be down significantly from its early peak, but analysts see signs of a major rally if bullish momentum builds. Still, the upcoming token unlocks and exchange supply surge are red flags investors should watch carefully.

With ecosystem upgrades rolling out and global exposure growing through events like TOKEN2049, Pi Network remains one of the more talked-about projects in crypto today.

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