Pi Network (PI) Price Surges Over 9%, But Mainnet Access, Utility Concerns Linger

• Pi Network (PI) token price surged over 9%, hitting $0.85 before settling near $0.7993.
• PI shows technical breakout but faces hurdles: mainnet/KYC issues, lack of top listings.
• Coincodex predicts PI at $1.51-$1.76 EOY 2025, but utility, ecosystem concerns linger.

Pi Network’s native cryptocurrency, PI, has captured fresh attention after a notable price surge. The coin climbed over 9% in 24 hours, hitting a peak of $0.8500 before consolidating near $0.7993. 

This movement shows strong bullish momentum for PI, particularly in a market where most other altcoins remain sluggish. Despite the rise, however, many uncertainties still cloud PI’s long-term outlook. These range from the availability of PI on major exchange listings to the coin’s actual utility and ongoing mainnet access issues for users.

Related: Pi Network Token Unlock Impact: PI Price Tumbles, $7.6B Market Cap Tested

PI Token Shows Bullish Breakout from Sideways Action; Key Levels Eyed

The latest one-day chart shows a decisive bullish breakout following a week of sideways price action. After bouncing off a strong support zone near $0.7350, the coin climbed rapidly. The rally broke minor resistance levels at $0.7500 and $0.7750 before testing the psychological barrier of $0.8000.

Currently, PI faces stiff resistance between $0.8500 and $0.8550. This zone marks the highest level reached in the last 24 hours. A confirmed close above $0.8000 could open the door for another upward move. 

Support remains firm at $0.7350, a level tested multiple times before the recent breakout. Meanwhile, minor support zones at $0.7500 and $0.7750 may prevent deeper pullbacks in the short term.

Related: $100 Million Fund from Pi Core Team to Boost Pi Coin’s Real Utility

PI Price Prediction Sees Over 100% Upside by EOY 2025

Based on current market patterns, PI could end 2025 trading between $1.51 and $1.76 according to Coincodex data. This prediction signals a potential upside of over 100% from current levels. If realized, early investors could see returns nearing 120%. However, many hurdles remain before such optimism becomes reality.

Since the mainnet went live in February, many users have reported delays in accessing their tokens. These delays stem from Know Your Customer (KYC) verification bottlenecks. Frustration has grown among early adopters, who expected full control over their mined PI coins by now.

Key Hurdles: Pi Network Mainnet Access, KYC Issues Frustrate Users

PI is listed on exchanges like Gate.io, Bitget, and OKX, but remains absent from Tier 1 platforms like Coinbase and Binance. This limits the coin’s liquidity and stifles broader adoption. Moreover, questions surround the project’s $100 million Pi Network Ventures fund. The fund was expected to fuel ecosystem growth but has shown little visible activity so far.

Despite a user base that may exceed 60 million, real-world use cases for PI are scarce. Besides speculative trading and community events like PiFest, few decentralized apps support the token. Consequently, the coin’s price growth may be unsustainable without significant utility expansion.