The Pi Network has reached a pivotal milestone with the introduction of perpetual futures trading for its native PI coin on Kraken Pro. This development has fueled intense market speculation about whether the Pi Network price could soon reclaim the $1 threshold. While optimism surrounds the listing, price action remains subdued, and technical indicators present a mixed outlook.
Kraken Listing Sparks Momentum—But Price Stalls
On May 23, Kraken Pro officially launched PI perpetual futures, offering up to 20x leverage and support for over 40 collateral assets. This marks a significant leap for Pi Network Coin, as it represents one of the first instances where PI is available for active futures trading on a major exchange.
Despite the excitement, the Pi Coin price has struggled to sustain momentum. After briefly hitting $1.60 earlier this month, it has since retreated to around $0.76—a 3% decline over the past 24 hours. Daily trading volume has also plummeted by 60%, signaling waning bullish pressure.
Technical Outlook: Resistance Looms, But Breakout Potential Remains
Chart analysis reveals PI coin consolidating within a narrowing range beneath a descending resistance line. The token is currently trading between $0.73 and $0.78, with a descending triangle pattern suggesting a potential breakout.
A decisive move above $0.79 could confirm bullish momentum, opening the door for a rally toward $1. Short-term targets include $0.84 and $0.96, with extended gains possible if broader crypto sentiment improves. However, bearish hourly indicators—such as a weakening RSI and MACD crossover—hint at possible sideways movement or a dip below key support levels.
Ecosystem Growth Could Bolster Pi Network Coin Value
Beyond price action, Pi Network continues to advance its Open Mainnet, which launched in February. With over 60 million users and 19 million verified KYC accounts, the network is expanding its decentralized app (dApp) ecosystem, now hosting more than 25 applications.
Users can activate Pi wallets, conduct app-based transactions, and gradually migrate mined Pi coins to the mainnet. These steps are critical for establishing real-world utility and sustaining long-term Pi cryptocurrency value.
👉 Explore Pi Network's latest developments
Centralization Concerns and Insider Activity Draw Criticism
Despite progress, Pi Network faces scrutiny over transparency and decentralization. Reports allege that 12 million tokens were sold from insider-controlled wallets, contributing to a 50% price crash earlier this month.
While the network has expanded from 3 to 23 global validator nodes, critics argue that control remains concentrated with the core team, raising concerns about centralization.
Pi Coin Price Predictions: Divergent Views
Short-term forecasts vary widely:
- CryptoNews: Projects a climb to $1.00–$1.35 by year-end.
- CoinDCX: Bullish outlook with highs up to $6.20, contingent on strong development and market conditions.
- Skeptics: Warn of stagnation, with CoinCodex predicting a range of $0.30–$0.40 due to low liquidity.
Key Takeaways
The Kraken Pro listing is a watershed moment for Pi Network, enhancing its market credibility. However, with price action muted and resistance strong, the path to $1 remains uncertain. Critical factors to watch include:
- Breakout above $0.78 resistance.
- Progress in mainnet migration and dApp adoption.
- Potential exchange listings (e.g., Binance).
For now, Pi Coin’s journey hinges on both technical momentum and the network’s ability to demonstrate tangible utility.
FAQ Section
Q: What is the current Pi Network price?
A: As of press time, PI trades at approximately $0.76.
Q: Will Pi Coin reach $1 in 2025?
A: A breakout above $0.79 could pave the way for a $1 rally, but market sentiment and ecosystem growth will be decisive.
Q: Is Pi Network decentralized?
A: While expanding validator nodes, concerns persist about core team control and insider activity.
Q: Where can I trade PI futures?
A: Kraken Pro currently offers PI perpetual futures with up to 20x leverage.
Q: What’s next for Pi Network?
A: Key milestones include Fireside token integration, full mainnet migration, and potential major exchange listings.