Pi Network (PI) Price Prediction: Pi coin's rebound is weak near $0.40, is buying the dips still catching a falling knife?

Pi Network (PI) follows the Rebound of Bitcoin and the overall market, but the extent is still relatively small, currently reporting 0.4266 USD during the Asian session today (30). After a surge in community interest and a considerable increase in volume, the price movement of Pi is now raising new questions: is this a buying opportunity or a cautious signal?

In this period of sluggishness, the performance of Pi coin is still noteworthy, especially as the trading volume in the past 24 hours reached over 79 million USD, indicating high market activity.

The current market value of Pi coin is 3.3 billion USD, with a fully diluted valuation reaching 5.08 billion USD. The total supply of Pi coin is 1.91 billion, of which about 7.74 million Pi coins are in circulation in the market.

Experts Explain Why Pi Network Surpasses Original Limitations

Pi expert Dr Altcoin recently shared his views, explaining why, despite his doubts, he still firmly believes that Pi Network is not a scam project.

He explained in the post that the team decided to postpone the release of the mainnet until after December 2024, which almost makes him declare the project unreliable.

However, after surveying nearly 5,900 community members, he decided to wait. A total of 52% of respondents expressed confidence in the legitimacy of the Pi Network. This trust was further solidified when the Pi Network began listing on major exchanges in February 2025.

Although the communication of the project team is sometimes relatively slow, Dr. Altcoin emphasized that the rapid growth from millions of early adopters to over 65 million pioneers in more than 200 regions has pushed the project's infrastructure beyond the initial planning scenario.

He said, "This is still a significant progress that is happening."

This cryptocurrency expert also emphasized that pioneers should celebrate the development of the network.

He suggested, "While we continue to wait for the full results of the project, let us not forget to celebrate the achievements of Pi Network so far."

Pi Network Milestone Strengthens Bullish Signal

A series of recent updates and collaborations have confirmed the rapid growth of the Pi Network:

1. Node Update

As previously reported by CoinGape, Pi technology lead Nicolas Kokkalis has released the latest version of Pi Node v0.5.3. This update improves the functionality of the blockchain explorer and simplifies the node installation process. This version also introduces an automatic update feature, which will be rolled out gradually.

2. Banxa Integration

Partnering with Banxa to become its inbound/outbound partner is an important step towards everyday use. This allows users to buy and sell Pi directly using bank cards and digital wallets like Apple Pay and Google Pay.

3. New Round Exchange Listing

In addition to being listed on major exchanges like Gate, PI coin has now also landed on Swapfone—a regulated mobile exchange in the United States. This listing expands the market participation of the Pi Network.

These achievements indicate that the bullish signals for the long-term prospects of the Pi Network are strengthening.

Pi Network continues to focus on development under community pressure

Despite facing community pressure, the Pi Network team continues to develop, and the mainnet migration work is still ongoing. The platform reminds users to complete the third step in the mainnet checklist: enable two-factor authentication in the Pi wallet (2FA).

This security requirement is considered a necessary condition for migrating tokens from the testnet to the mainnet. Many also believe that this is a sign of a significant change about to occur in the Pi ecosystem.

At the same time, the price movement of PI coin remains stagnant, with trading prices between 0.43 and 0.45 USD.

However, professional trader BOSSMD recently pointed out that Pi coin successfully broke through the descending trend line, briefly tested the resistance level near 0.465 USD, and then consolidated again in the range of 0.445 USD to 0.450 USD.

BOSSMD explained: "If it can stabilize above the support level, it is likely to retest the level of $0.465."

(Source: Trading View)