Pi Coin shows signs of a potential breakout after holding above the $1 mark, trading at $1.19 in early market activity. The surge in interest comes ahead of a major update expected to be revealed during the ConsenSys 2025 event, where Pi Network’s founder is scheduled to speak.
The community is cautiously waiting for a surprising announcement that may speed up the project’s progress toward decentralization and an open-source atmosphere. The market players have high hopes for the upcoming speech since it may verify the full launch of a mainnet or introduce smart contracts, two factors that may trigger strong buying pressure.
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Pi Coin experienced a huge bullish pump that increased it by 190 percent within a week, from $0.57 to the local high of $1.67. Notwithstanding the token’s later change to $1.19, it is above the 50 percent Fibonacci retracement level of $1.14, showing that it still supports a fresh move upwards.
The technical structure has improved; the 50 and 100 EMAs are up over the 200 EMA. In the meantime, the MACD and signal lines are preparing to cross to the positive side, thus ready for a possible bullish reversal in the near term.
Key App Updates and Node Shutdown Fuel $3 Breakout Hopes
Key updates to its mobile ecosystem further support Pi Network’s momentum. According to a tweet by WoodyLightyearx, both the Pi Mining App and Pi Browser App received upgrades on the Google Play Store. These updates are designed to improve the user experience and prepare the network for mainnet functionality.
In another notable development, the Pi Network team has officially shut down its central node. This step signals confidence in community-run nodes and is a step closer to full decentralization. The core team also hinted that the network’s source code is expected to be made public, thus allowing developers to contribute to the project’s infrastructure.
As $1.67 is recognized as short-term resistance, a strong rally above this level could push Pi Coin to the 100 percent Fibonacci target at $2.91. That level would be destroyed, and the $3 level would be square in the sights.
However, once the price level is $1.14, it can pull into the supports at $0.94 and destroy the existing bullish structure. With this risk in mind, though, opinion in the Pi community is positive leading up to the ConsenSys update.
Conclusion
Pi Coin appears ready for a significant price move as investors await critical news from ConsenSys 2025. With momentum building and key network updates in place, the path toward a $3 breakout remains firmly in focus.
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