- Pi Network’s token has dipped recently but still boasts a 62% year-to-date gain, holding steady above its $0.60 support level amid growing investor debate over its dual-value model.
- Analysts predict a potential breakout to as high as $1.50, citing bullish technical indicators and improving global macroeconomic conditions.
Despite recent price dips, Pi Network’s native token, $PI, has maintained a year-to-date (YTD) gain of over 62%, reinforcing long-term investor optimism. Currently trading at $0.6360, the token has shown resilience by defending the crucial $0.60 support level for more than two weeks, even amid growing concerns and market uncertainty.
The recent price slump follows a sharp correction from Pi’s all-time high of $2.98, marking a 78.63% drop. However, analysts suggest that this might just be a cooldown period. Indicators like the Moving Average Convergence Divergence (MACD) hint at an upcoming bullish crossover, signaling a potential reversal of bearish momentum.
As the MACD line approaches the signal line, sentiment among traders could turn positive, increasing the likelihood of a short-term breakout.
Prominent crypto analyst Tom Camp adds to the bullish narrative, citing a trendline breakout and prolonged consolidation phase as signs of a possible rally. Camp suggests that Pi Coin could surge to $1.50, especially if current patterns follow historic trends. “This could be a preparation for a big rise,” he noted, urging traders to prepare for a potential market shift.
$PI to 1.5$ ?#Pi broke a major trendline on the 4H timeframe, and it’s been crawling for a while.
This could be a preparation for a big rise!!
Buckle up, let’s warm up the engines
Good luck pic.twitter.com/2fRidMFjC6
— Tom Camp (@tradertomcamp) June 11, 2025
Adding further fuel to Pi Network’s recovery hopes are broader macroeconomic factors, such as positive developments in the US-China trade deal. Renewed diplomatic ties and economic cooperation between the two superpowers could inject fresh momentum into the global crypto market, benefiting tokens like Pi.
Still, a sharp divide exists within the Pi Network community over its controversial dual-value model. While Pi’s internal Global Consensus Value (GCV) is fixed at $314,159, the external exchange price hovers just above $0.60.
This disparity continues to stir debate among Pioneers, especially in light of ongoing frustrations related to unpaid rewards and delayed token migrations.
Technical indicators show mixed signals. The Bollinger Bands (BB) have tightened, reflecting price consolidation, while the Bear Bull Power (BBP) indicator remains negative—suggesting waning bullish strength in the short term. However, if current resistance levels at $0.71 and $0.85 are breached, the next major targets are $1.1750 and $1.86, marking up to a 200% potential upside.
With a trading volume of $52.75 million and a market cap of $4.69 billion, Pi Network still holds significant influence in the altcoin market. While some investors remain cautious, others believe Pi’s strong community, ecosystem role, and historical price patterns could propel it to new highs—provided adoption continues and technical signals align
The post Pi Network Price Dips, But YTD Gains Hit 62%: Pi Network Bulls Predict Triple-Digit Gains Despite The Great Divide in Pi Network’s Investor Sentiment appeared first on ETHNews.
