Pi Network’s token experienced a short-lived 4 percent price increase following the release of its Mainnet Migration Roadmap. The gains were not sustained, with the token falling back to $0.6336 at the time of reporting.
The roadmap introduced a phased migration strategy to guide the shift to the open mainnet. However, the lack of fixed timelines or milestones has led to uncertainty within the Pi community.
According to Pi Core Team statements, all tokens were generated at the genesis block. This clarification, intended to explain token activity, has raised fresh concerns after 108.9 million tokens were reportedly unlocked in April.
Some users have reported inconsistencies in their wallet balances, adding to broader confusion. The absence of specific migration dates has left stakeholders calling for more transparency from the development team.
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Technical Indicators Highlight Pressure at Key Resistance Level
Based on current chart data from TradingView, Pi Network is struggling to break past the $0.66 resistance level. The daily chart shows that the token is trading below the upper Bollinger Band level of $0.7358, indicating continued selling pressure.
The Bollinger Bands also show a narrowing range between $0.5238 and $0.7358, suggesting potential price compression. Volume remains relatively muted, with around 14.74 million tokens traded in the last 24 hours.
MACD indicator reveals a mild bullish divergence, with the MACD line positioned above the signal line. However, momentum appears to be slowing, and the histogram reflects declining strength, limiting the chances of a significant breakout.
A move above $0.66 could push prices toward $0.789 and $0.858, but failure to break resistance may lead to a drop toward $0.54 or even $0.40. Until a decisive move occurs, the token may remain range-bound.
Meanwhile, market watchers highlight Pi Network’s scheduled appearance at the Consensus 2025 event. Founder Nicolas Kokkalis is set to share updates alongside well-known speakers, including Bo Hines and Eric Trump.
Expert analyst Dr. Altcoin stated that the event could provide much-needed momentum for the network’s global outreach. He urged the team to accelerate KYB approvals and promote DApp deployment across the ecosystem.
At present, Pi trades at a crucial level, caught between rising community expectations and unresolved migration and token tracking issues. Market sentiment remains divided, with technical resistance and uncertain roadmap execution influencing short-term outlooks.
Also Read: Pi Network (PI) Price Prediction for the Year (2025–2029): Can PI Maintain Recovery Momentum?
