Pi Network Value Predicted to Treble with Forthcoming Migration Deadline

The value of Pi Network has been failing to meet expectations, staying beneath the $50 mark in spite of the more extensive crypto market rally. In any case, a huge update released on January 5 has set off a surge of optimism within the community.
Pi Network Value Tests $50 Once more Following Key Announcement
Over the past 24 hours, Pi Network’s value saw an eminent increment following a thrilling network update that has created critical buzz. The Pi Core Team affirmed in an official post on Sunday that the eagerly awaited Open Mainnet send off, which was at first deferred from December 31, is currently set to occur in the first quarter of 2025.
The Grace Period requires both KYC and Mainnet migration to be completed by January 31, 2025 to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Make sure to stay within the deadline!…
— Pi Network (@PiCoreTeam) January 5, 2025
This impending transition is a game-changer, as it will empower Pi coins to be moved and used on different platforms, extending Pi’s usefulness and reach significantly. The most recent value developments show that traders are responding decidedly to this news.
As noticed, the PI value dropped to a low of $44 on Saturday, January 4. Following the network update released on January 5, the value saw a 6% expansion, moving to $49 at the time of reporting.
In spite of this positive development, challenges endure, particularly concerning the Know Your Customer (KYC) verification process and the change to the Mainnet. To resolve these issues and oblige more users for the send-off, the Pi Network has expanded the deadline for KYC entries and Mainnet migration to January 31, 2025.
Will Pi Network’s $50 Breakout Flash a 3x Value Surge?
The new announcement of the PI Network’s migration deadline has reignited investor enthusiasm, making way for a likely bullish breakout. Dissecting the PIUSD everyday chart uncovers a clear ascending channel, showing a long-term accumulation of bullish momentum.
Current Market Analysis
- Support Level: The PI value is combining close to the lower limit of this channel, around $46.32. This support zone, tested numerous occasions (featured by blue arrows), has shown to be a reliable foundation.
- RSI Trend: The Relative Strength Index (RSI) is trending upward from a neutral position of around 45.44, flagging further developing force and an expected shift toward bullish dominance.
- MACD Divergence: The MACD histogram shows a bullish divergence, with more promising low points shaping notwithstanding the new consolidation, demonstrating expanding purchasing pressure.
Key Resistance Levels
Below shows the critical resistance levels and potential price targets are outlined:
Resistance Level | Potential Target | Description |
$57 | Intermediate | The first resistance level to watch |
$67 | Strong | Breakout here confirms bullish continuation |
$183.79 | Ultimate Target | Represents a potential 265% rally |
Potential Outcomes
- Bullish Breakout: An unequivocal breakout over the $67 mark would affirm a robust bullish continuation, with the next target at $183.79.
- Value Surge: Should the positive movement continue, and buyers capitalize on the improved market feeling, PI could encounter a significant value increment, possibly significantly increasing its worth.
By utilizing the ascending channel, key resistance levels, and bullish indicators like RSI and MACD, investors can expect the following moves in PI’s value direction.