Traders are debating whether the combination of current chart signals and fundamental factors could lead to a new growth phase for Pi Token.
Chart Signals Hint at a Breakout
Pi Token is showing strong positions, stabilizing around $0.34. The consolidation has formed a classic reversal structure commonly associated with major rallies. With a recent rebound, the price has moved into the $0.37–$0.39 zone. If this level breaks, forecasts point to $0.45 as the next target. Additionally, if the token continues to gain ground, $0.50 and even $0.65 are being discussed as possible targets. However, traders caution that losing support near $0.36 could negatively impact the bullish outlook.
Testnet Upgrade Fuels Sentiment
One factor contributing to optimism is Pi's upgrade to version 20 on its testnet, an important step in the project's long-term roadmap. Although the price reaction was modest — a 3% increase — the psychological impact on the community was significant. Version 20 is one of several incremental updates leading towards version 23, each designed to reinforce infrastructure ahead of mainnet deployment. For Pi's millions of users, the steady cadence of upgrades signifies that the network is inching closer to full-scale launch.
Growing Ecosystem Activity
Progress isn’t limited to software improvements. Pi has been implementing ecosystem features aimed at practical adoption, including a domain auction that expands its utility beyond the base protocol. Meanwhile, institutional recognition is beginning to emerge, as a major asset manager has recently introduced the first Pi-linked exchange-traded product, an early sign that traditional finance is starting to take notice.
Whether Pi can capitalize on its current momentum depends on two forces: technical follow-through above $0.39 and the project's ability to maintain credibility through consistent development. If both align, the recent breakout could mark the beginning of a larger recovery cycle.
