PI: The Next Big Hype ?Hello Traders 🐺
At the time of reading this idea, PI (IOU) is trading around $115 - $190 , which, in my opinion, is a very solid price for an IOU. But why? Let me explain it further:
1️⃣ IOUs are usually priced higher than the actual asset , but the interesting part is that when an IOU holds such a high value, it often indicates a strong potential for a good price once the real mainnet launches on February 20th.
2️⃣ PI has now become the 5th most-followed account on platform X, surpassing ETH! This is quite incredible in my opinion, especially considering that the mainnet hasn’t even launched yet! This shows that PI has a very strong and engaged community.
3️⃣ Many exchanges have already decided to list PI once the mainnet goes live. However, there is still no confirmation regarding a potential Binance listing . But if Binance does list PI, we could expect a massive hype and a strong price rally!
🔹 From a technical analysis (TA) perspective, there isn’t much to discuss yet. However, we can see that a triangle pattern has formed, and the price is currently trading above the resistance, which means a breakout has already occurred! 🚀
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
PIUSDT trade ideas
Pi prediction 2025 to 2030 or earlier | 20th feb launch 2025 #piFirst Range & Blue Box: This might indicate a price range or consolidation zone marked by a blue box, acting as a key support/resistance area.
$800 Mark Crossover: If the price crosses above 800 and closes a candle above it, this suggests a strong breakout.
Strong Top at $500: If the breakout is confirmed above 800, the next target or resistance level could be around $1500.
Refined Trading Plan:
First Range Breakout:
If price crosses $800 and a candle closes above it, a strong upside move is likely.
Target: $1500 (first major resistance)
Momentum Continuation:
If price breaks above $1500 and closes above it, further upside potential emerges.
Targets:
$3000
$4000
$5000
$8000
$10,000
Until a hard pullback occurs.
Key Trading Considerations:
Entry Confirmation: Wait for a strong candle close above resistance levels before entering.
Stop Loss: Below the most recent breakout level (e.g., 1450 if entering after 1500 breakout).
Trailing Stop Strategy:
Move stop-loss to the previous level (e.g., if price hits 3000, SL moves to 1500).
Hard Pullback Signal:
A high-volume rejection wick at key levels.
A strong red candle closing below previous support.
Divergence on RSI/MACD indicating overbought conditions.
Pi Network’s Open Mainnet Set to Launch 20th February, 2025The cryptocurrency world is abuzz with excitement as Pi Network, a decentralized ecosystem powered by its native cryptocurrency, Pi, prepares for its Open Mainnet launch on February 20, 2025. This long-anticipated transition marks a pivotal moment for the project, which has been in development for over six years. The announcement has already sent shockwaves through the market, with Pi surging by 200%, from $48.24 to $99.96, reflecting the immense optimism surrounding the project.
Why Pi Network is Poised for Success
Pi Network has built a robust community of over **19 million identity-verified Pioneers**, surpassing its initial KYC (Know Your Customer) goal of 15 million. This achievement underscores the project’s commitment to compliance and security, ensuring a trustworthy ecosystem for users. Additionally, over **10.14 million Pioneers** have successfully migrated to the Mainnet, exceeding the target of 10 million. This level of engagement is rare in the crypto space and highlights the strong belief in Pi’s vision.
Utility-Driven Ecosystem
Pi Network has already developed a thriving ecosystem with over 100 Mainnet or Mainnet-ready applications. These applications span various use cases, from decentralized finance (DeFi) to social networking, ensuring that Pi will have real-world utility upon launch. This utility-driven approach is critical for long-term adoption and sustainability, as it moves beyond speculative trading to actual use cases.
Transition from Enclosed to Open Network
Since December 2021, Pi Network has operated within an Enclosed Network, allowing Pioneers to complete KYC, migrate balances, and develop decentralized applications (dApps) in a secure, controlled environment. This phase has been instrumental in strengthening the network’s security, scalability, and utility. With the transition to an Open Network, Pi holders will finally be able to engage in transactions beyond the enclosed ecosystem, unlocking greater adoption potential.
No More Delays: A Firm Commitment
Despite past delays, including an extension of the KYC and migration deadline to February 28, 2025, the Pi Core Team has made it clear that there will be **no further pushbacks**. The February 20 launch is set to proceed as planned, instilling confidence in the community and investors alike.
Technical Analysis
The announcement of the Open Mainnet launch triggered a 200% surge in the price of Pi , jumping from $48.24 to $99.96. Although the price has since retraced to around $90.31, the asset remains in a strong position, with a 27.83% increase in the last 24 hours and a trading volume spike of 108%. This surge reflects the market’s optimism and anticipation of the upcoming launch.
The technical outlook for NASDAQ:PI is highly promising. The chart pattern shows a falling wedge, a bullish reversal pattern that often precedes a significant upward movement. Additionally, the Relative Strength Index (RSI) stands at 61, indicating that Pi is still holding onto its bullish momentum despite recent fluctuations. The asset is also trading above key moving averages, further supporting the bullish case.
With a total supply of 68 million PI, Pi Network is positioned for scarcity-driven growth. The limited supply, combined with increasing demand, could fuel a sustained bullish trend. The fact that Pi has held the **$40 resistance level** for months before the recent surge demonstrates strong support and investor confidence.
The Road Ahead: What to Expect
The transition to an Open Network is a monumental step for Pi Network, enabling seamless participation in Pi-based applications and transactions. This move will likely attract new users, developers, and investors, further solidifying Pi’s position in the cryptocurrency landscape. The completion of technical, product, business, and legal requirements ensures that the network is fully prepared for this transition.
For investors and enthusiasts, the upcoming launch represents a unique opportunity to be part of a project with **real-world utility, a massive user base, and strong fundamentals**. The recent price surge is just the beginning, as the Open Mainnet launch could catalyze even greater adoption and value appreciation.
Conclusion
Pi Network’s journey from an Enclosed Network to an Open Network is a testament to its resilience, innovation, and community-driven approach. With over 19 million Pioneers, a utility-driven ecosystem, and a clear roadmap, Pi Network is well-positioned to become a major player in the decentralized space.
As the countdown to February 20, 2025, begins, all eyes are on Pi Network. Whether you’re a long-time Pioneer or a new investor, the Open Mainnet launch marks the dawn of a new era—one that promises to redefine the future of decentralized ecosystems.