The post Pi Coin Price Climbs 3% – Will $0.381 Breakout Open Doors to $0.40? appeared first on Coinpedia Fintech News
Pi Coin price today gained 3.35%, to trade at $0.3581 with a market cap of $2.85 billion. Daily volume surged 127% to $67.17 million as fresh listings and product launches sparked investor attention. While these developments improve sentiment, long-term supply concerns remain in focus. Join me as I decode the potential price targets for the Pi Network token in this analysis.
Reasons Behind Pi’s Price Surge
The following two recent developments have strengthened the confidence among marketers:
Swapfone Listing: Pi secured its first regulated U.S. trading venue via Swapfone (BTCC), offering PI/USDS pairs. A 200-PI airdrop on August 25 likely triggered speculative buying, while liquidity improved but remains thin.
Valour ETP Launch: In Europe, Valour listed a SEK-denominated Pi ETP on regulated stock exchanges. This provides access to traditional finance investors and secure custody.
On the grid side, Pi network confirmed a 2025 migration to resolve KYC bottlenecks and unlock around 620M tokens currently stuck on OKX. Moreover, a hackathon launched on August 19 aims to expand Pi’s app ecosystem.
While these steps may enhance utility, the looming unlocks raise concerns about oversupply, particularly given Pi’s 42% 90-day drop and 100 billion total token cap.
Pi Price Analysis
The price of Pi coin rebounded from $0.33, a key Fibonacci 78.6% support, to its current $0.358 level. The MACD histogram turned positive to 0.00089782, suggesting that the bearish momentum is fading. Talking more about indicators, the RSI at 44.82 remains neutral, meaning room for further upside if PI can close above $0.359. This coincides with nearby Fibonacci resistance.
Successively, a sustained breakout above $0.381 could pave the way toward $0.4022, as seen in the 4-hour chart. However, the absence of a 200-day EMA, due to Pi’s limited price history, makes long-term trend signals less dependable.
FAQs
Listings on Swapfone and Valour improved visibility, while airdrop activity spurred buying.
PI must hold $0.359 support, a breakout above $0.381 could target $0.4022.
The price of 1 Pi token at the time of press is at $0.3581, with an intraday change of +3.35%.