Pi Network Price Prediction: $0.198 double bottom formation, PI upgrade may pump 50%

The price of Pi Network formed a double bottom at $0.198, confirming the renewed strength of buyers in the demand zone. Market forecasts suggest that if it stays above $0.209, it may support a 50% Rebound to the $0.30 level. The AI Studio upgrade and Protocol 23 testing have enhanced confidence in the innovation and ecosystem of Pi Network.

0.198 USD double bottom pattern confirmation technical reversal

(Source: Trading View)

The price of Pi has established a solid double bottom pattern near the demand zone of 0.198 US dollars, confirming stable buyer activity within this range. The double bottom pattern is one of the most reliable reversal patterns in technical analysis, indicating that selling pressure has been fully absorbed at a certain price level and buying interest is starting to re-enter. In Pi Network price forecasting, the confirmation of the double bottom requires meeting several conditions: the two low points are close in price, there is a clear rebound peak in between, and confirmation of a breakout through the neckline.

From the four-hour chart, Pi coin began to rebound after touching the bottom near $0.198 twice, indicating that there is strong buying support at this price level. This support may come from multiple sources: accumulation by long-term holders, entry of new users, and technical traders' recognition of the double bottom pattern. After breaking out of the downward channel, the price of Pi coin started to form a series of higher lows, which is an early technical signal of recovery.

The breakthrough of the descending channel is significant. In a downtrend, prices often move along a downward-sloping channel, with the upper and lower bounds representing resistance and support, respectively. When the price breaks through the upper bound, it suggests that the downtrend may have ended and a new uptrend may be forming. Pi Network price predictions indicate that this breakthrough, combined with the double bottom pattern, provides a double confirmation for the bullish narrative.

The appearance of the green accumulation zone is another positive signal. On the four-hour chart, this zone shows that buying pressure is steadily entering the market, rather than panic buying. This robust accumulation often has more sustainability than short-term surges, as it reflects real demand growth rather than speculative hype.

Price path analysis from 0.209 to 0.30 USD

The next key target is at $0.227. Once this level is broken, it may open the way to $0.243 and $0.274. Current trends suggest that if this structure remains solid, the price could rebound 50% from the demand zone, approaching the $0.30 mark. Meanwhile, the ongoing accumulation within this area highlights an increase in market confidence. The path of Pi Network price predictions is not a one-step process, but requires breaking through resistance levels step by step.

Key Technical Levels for Pi Network Price Prediction:

Current Price: Approximately 0.20 USD

Double Bottom support: 0.198 USD

Key Support Level: $0.209

First Target: $0.227 (Breakthrough the upper boundary of the downward channel)

Second Target: $0.243 (previous resistance level)

Third Target: 0.274 USD (psychological round number)

Final Target: $0.30 (50% Increase)

Maintaining the $0.209 area is crucial for sustaining the rebound trend and avoiding a deeper pullback. This price level is the first test of the new trend, and if the price falls below this support, it may indicate the failure of the double bottom pattern, with the price potentially retesting $0.198 or even lower. Therefore, traders should closely monitor the price action at $0.209, which will determine whether the Pi Network price forecast continues upward or returns to the bottom-building phase.

With a healthier structure and increasing liquidity inflow support, the long-term price prediction for Pi coin continues to lean towards positive values. Overall, this pattern demonstrates a constructive shift, where new buyer control can lay a more solid foundation for future appreciation. A 50% increase from the current $0.20 to a target of $0.30, supported by both technical and fundamental factors, is quite feasible.

AI Studio Unlocking Ecosystem Potential

The newly updated AI-driven App Studio of Pi Network has reignited the enthusiasm of its ecosystem. The upgraded platform brings advanced customization tools and application discovery features for creators, which are the most important fundamental catalysts in Pi Network's price prediction. The core innovation of AI Studio lies in lowering the barriers to application development, enabling more developers to build applications on the Pi Network.

AI-driven tools can help developers generate code faster, optimize user interfaces, and test application performance. This automation significantly shortens development cycles, allowing small teams and even individual developers to quickly launch high-quality applications. In addition, it can also help developers access faster iterations and more efficient project refinement through shared communities.

It is worth noting that these improvements not only facilitate deeper collaboration but also lower the threshold for application development. The application discovery feature addresses another key issue: how users find quality applications. In many blockchain ecosystems, even with a large number of applications, users often struggle to discover and use them. The application discovery feature of Pi Network helps users quickly find applications that meet their needs through intelligent recommendations and classifications, enhancing the overall user experience.

With creators gaining more convenient access and visibility, the overall participation in the Pi ecosystem is expected to improve. More applications mean more use cases, and more use cases will attract more users to join the Pi Network, creating a positive cycle. This network effect is the core logic behind the bullish long-term price prediction for the Pi Network.

Protocol 23 Testing Enhanced Technical Foundation

In addition, the upcoming Protocol 23 upgrade is actively being tested, and developers are preparing for the final mainnet deployment. This update is expected to enhance stability and transaction efficiency, reflecting Pi's prudent and progressive development philosophy. Protocol 23 is an important step in the technological evolution of the Pi Network, providing a stronger technical foundation for the ecosystem.

The improvement in stability means that the network can maintain reliable operation under high load conditions, reducing the likelihood of downtime and transaction failures. This is crucial for attracting enterprise-level applications and large-scale users. The enhancement in transaction efficiency translates to faster confirmation times and lower fees, which will give Pi Network a competitive edge against other public chains.

The cautious and gradual development philosophy may make progress seem slower, but it ensures that every update is thoroughly tested and validated. This robust approach reduces the risk of major vulnerabilities and security incidents, which is more beneficial for the healthy development of the ecosystem in the long run. For Pi Network price predictions, the enhancement of technical stability will bolster investor confidence and attract more long-term holders.

Therefore, the upgrade of AI Studio and the upcoming transition to Protocol 23 will strengthen the innovative narrative, supporting the price of Pi coin within a broader market landscape. In summary, with strong technical and ecosystem factors as support, the price of Pi continues to stabilize and rebound. The 50% rebound forecast in the demand zone enhances bullish confidence. At the same time, the enhancements of AI Studio and the testing of Protocol 23 bolster the development momentum of the Pi network. These catalysts collectively enhance optimism about the long-term application and market prospects of Pi.