Pi Network Price Prediction: GCV's Extremely High Target Price Dream Shattered, Defense Battle at $0.2 Begins

As the broader crypto market stabilizes, Pi Network (PI) finds itself caught between ambitious community-driven valuations and the harsh reality of market fatigue. Pi coin hovers around the critical support level of $0.200, while the Pi community continues to promote its Global Consensus Value (GCV) of $314,159 per Token, in stark contrast to the current market price of approximately $0.20.

0.200 USD key support determines Pi Network price prediction direction

(Source: Trading View)

Pi coin continues to hover above the key support level of 0.200 USD, reflecting that despite the increasing bearish momentum, it still exhibits resilience. As of the time of writing, the trading price of Pi Network (PI) is approximately 0.203 USD, having consolidated within a narrow range over the past two weeks. This stable price trend indicates that buyers are still defending the psychological support level while waiting for a potential rebound.

If the level of $0.200 is maintained, Pi coin may stabilize and prepare to break above $0.229 (its current resistance level). A successful breakthrough at this point may herald a revival of bullish sentiment and open the door for a short-term recovery. The move from $0.200 to $0.229 represents an increase of about 14.5%, which is a relatively modest rise in the crypto market, but for Pi Network, which is experiencing a crisis of trust, this rebound would be highly symbolic.

On the contrary, if it breaks below $0.200, it could lead to the Pi coin dropping to $0.180, close to its historical low of $0.153, which might trigger further panic among holders. Technical charts show that the Pi Network is approaching the apex of a descending triangle formation, with the support level around $0.1919 and the resistance level at $0.2086. FXStreet analysts indicate that breaking the pivot point could trigger a short-term rebound, with a target price of $0.2249. The Relative Strength Index (RSI) has also risen to 45, indicating a slight recovery in buying pressure.

Pi Network Price Prediction Key Technical Levels:

Key Support: $0.200 (psychological barrier), $0.1919 (triangle lower boundary)

Secondary support: 0.180 USD, 0.153 USD (historical low)

Resistance Level: $0.229 (current resistance), $0.256 (target after breakout)

Technical Form: Descending triangle approaching the apex, directional breakout is imminent.

The descending triangle is a bearish continuation pattern in technical analysis, usually indicating a downward breakout. However, if there is an upward breakout near the apex, it may also form a false breakout trap, triggering short covering and a price rebound. The short-term trend of Pi Network price predictions will depend on whether the key defense line at 0.200 dollars can be maintained.

Core team selling 1.2 million Tokens controversy severely undermines confidence

(Source: X)

Recent accusations have intensified the pressure on the Pi Network. According to community analyst Mr. Spock, the core team of the project may have sold over 1.2 million PI Tokens, leading to a recent price drop. Spock claimed on the social media platform X: “I have said multiple times that it is our core team selling Pi because they have no other sources of income.” This statement has sparked controversy within the community.

Some users have also expressed concerns that such a large-scale sale can only come from internal wallets, pointing out that no ordinary pioneer could drive the price of PI down from $3 to $0.20, as only the team possesses that level of trading volume. This logic is very persuasive, as ordinary users have a limited number of PI Tokens (typically in the hundreds to thousands), and to have such a significant impact on the market would require millions of Tokens to be sold.

However, others believe that these sales may be related to development costs, including the ongoing testnet operations and the Protocol 23 upgrade, which aims to expand on-chain functionality and scalability ahead of the anticipated launch of the Pi Network mainnet. While this defense has some merit, it does not completely allay the community's concerns. If the core team indeed needs to sell Tokens to cover development costs, it indicates that the Pi Network lacks a sustainable business model and funding channels.

The increase in adoption rate and the outflow of funds from exchanges bring hope. Despite controversies, some indicators suggest that on-chain activity is rising. Data from PiScan shows that over 1.32 million PI Tokens have flowed out from centralized exchange (CEX) wallets within 24 hours, indicating an increase in user demand and withdrawal volume from exchanges. Additionally, two large payment transactions of 999,999 PI have been recorded on the network, highlighting the growing applications of PI in the ecosystem.

The Huge Gap Between the Dream of 314,159 USD and the Reality of 0.20 USD

Even more controversially, the Pi Network community continues to promote its Global Consensus Value (GCV), which is set at $314,159 per Pi, symbolizing recognition of the mathematical constant π. While supporters view the GCV as a vision of intrinsic value, it stands in stark contrast to the current market price of about $0.20. The GCV concept embodies the belief of the Pi community that long-term value can be achieved through consensus and practicality rather than speculation.

The difference between the GCV of 314,159 USD and the market price of 0.20 USD is 1.57 million times. This astronomical gap makes the concept of GCV appear more like a utopian fantasy to external observers, rather than a realistic valuation target. If Pi were to truly reach GCV, its market capitalization would surpass the total of all global assets, which is logically impossible to achieve.

However, due to the fact that the Pi Network mainnet is still in a closed state and has not been officially listed on major exchanges, the gap between perceived value and actual value remains significant. A closed mainnet means that Pi Tokens cannot be freely traded, and the current market price only reflects the supply and demand situation on a few open trading platforms. Once the mainnet is fully open and listed on mainstream exchanges, true market price discovery will begin.

The community calls for transparency and progress. Recent turmoil has once again sparked calls for the Pi Core team to increase transparency. Many users urge developers to publish on-chain wallet audits, share a clear mainnet release timeline, and strengthen communication regarding development milestones. Critics argue that despite having millions of users and years of anticipation, Pi Network has still not fulfilled its promise of an open mainnet.

Two Scenario Paths for Pi Network Price Prediction

From a technical perspective, the direct challenge facing the PI coin is how to hold the support level at 0.200 USD. Breaking through 0.2086 USD will solidify early bullish sentiment and lay the foundation for a rise to 0.229 USD. A breakout at this resistance level will trigger a stronger rally in the short term, with a target price of 0.256 USD. This is the bullish scenario for the PI Network price forecast.

However, if the currency pair breaks below the support level of 0.1919 USD, the trend may fall to 0.1732 USD or lower. Traders must closely monitor these key levels as market sentiment balances between a hopeful recovery and ongoing uncertainty. This is the bearish scenario for the Pi Network price prediction path.

Pi Network is at a critical moment. Due to internal Token sale allegations, controversies surrounding its global Consensus value, and speculation about the highly anticipated Pi Network mainnet launch time, the project is under pressure but also holds potential for growth. As of the time of publication, the trading price of Pi Network is approximately $0.20, having decreased by 0.17% in the past 24 hours.

The price prediction for Pi Network's ability to regain the resistance level of $0.229 and restore investor confidence largely depends on the team's response to transparency issues, enhancing real-world utility, and balancing community-driven expectations with market realities. Dedicated pioneers remain optimistic, believing that the upcoming developments—such as DeFi integration, token creation tools, and the rumored SPi stablecoin—can ultimately transform the project into a normally functioning crypto ecosystem.

For users considering investing in Pi Network, it is essential to understand that this is a highly speculative and controversial asset. Although it has a large user base and developer community, there are still significant questions regarding the project's transparency, business model, and practical applications. The dream of GCV 314,159 USD is inspiring, but the huge gap between that and the market reality of 0.20 USD reminds investors that decisions must be made based on reason rather than emotion.