Pi Network’s price has jumped over 4% in the past 24 hours following the release of its Mainnet Migration Roadmap. While technical indicators like the Ichimoku Cloud and RSI suggest a possible recovery, the token is still struggling to break through key resistance levels, leaving traders hesitant to call it a full-blown uptrend. The lack of clear timelines and specific details in the roadmap has only added to the uncertainty, with many in the Pi Community voicing frustration over discrepancies in coin balances and concerns about transparency.
The roadmap outlines three phases—initial migrations, referral bonuses, and periodic transfers—but without concrete dates, users are left guessing how and when their holdings will fully transition. Some have even reported inconsistencies in their balances, with no clear resolution process. Compounding the confusion, the claim that all Pi tokens were minted at genesis has sparked debate, especially with 108.9 million tokens unlocked this month. These issues are chipping away at trust in the project just as it approaches a critical juncture.
On the technical side, Pi is testing resistance around $0.66, hovering just below the Ichimoku Cloud. A breakout could propel it toward $0.789 or even $0.858, potentially reigniting bullish momentum. Some optimists believe a strong push could eventually take it to $1.23 or higher. But if it fails to break through, a drop toward $0.54 or even $0.40 is possible. The RSI, while recovering to 53.77 from oversold territory, has lost some steam after peaking at 57.25, signaling that bullish momentum isn’t yet solid.
All eyes are now on Consensus 2025, where Pi founder Nicolas Kokkalis is set to share the stage with high-profile figures like Bo Hines and Eric Trump. Analyst Dr. Altcoin sees this as a make-or-break opportunity for Pi Network, urging the Core Team to fast-track KYB approvals and officially launch DApps before the event to capitalize on the global spotlight. Delays have already driven some projects to competing blockchains, and with just under a month left, the pressure is on.
Despite the challenges, Pi Network has made significant progress, migrating over 12 million users to Mainnet—a feat few projects can match. Its tokenomics reveal a fixed max supply of 100 billion Pi, with 65% allocated to community mining rewards, 10% to the foundation, 5% for liquidity, and 20% reserved for the Core Team. Mining rewards are designed to decline over time, incentivizing long-term participation through Security Circles, Node operations, and app usage.
The next few weeks will be crucial. Will Pi break through resistance and regain bullish momentum, or will frustration over the vague roadmap and migration delays keep prices stagnant? With Consensus 2025 on the horizon, the Pi Core Team has a narrow window to turn speculation into confidence—or risk losing the momentum they’ve worked years to build.
Also read: Rare footage captures Colossal Squid alive in ocean for first time
