- Pi Coin’s price climbed 3.2% to $0.3665, with a W shaped pattern suggesting a 40% rise to $0.53.
- Two upgrades, Stellar’s tech improvement and better KYB processes, are building confidence in Pi’s future.
- With 2.8M coins leaving exchanges, buyers must outpace sellers to reach $0.53 and possibly $2 by 2025.
Pi Coin’s price is up 3.2% to $0.3665 today, August 8, after dipping to a low of $0.335 earlier this week. A promising double bottom pattern, shaped like a W, has appeared, suggesting a potential 40% climb to $0.53.
Trading volume surged 52% to $76 million per CoinMarketCap data, showing traders are jumping in. With two major upgrades in the Pi Network, people are hopeful for a big rally.
Network Upgrades Drive Confidence
The double bottom formed when Pi Coin held firm at $0.336, drawing buyers back. If it pushes past the $0.3773 resistance, the pattern could lock in, setting the stage for $0.53.
The RSI above 50 and the price nearing the 50 day SMA signal that buyers are gaining ground, like they did in June and July.
Two network changes are driving this enthusiasm: the Stellar Protocol 23 upgrade, which strengthens Pi’s shared infrastructure, and improved KYB processes that make Pi easier to use. These upgrades have led to 2.8 million coins leaving exchanges, per Piscan data, meaning more people are holding.
Still, some are selling, so buyers need to dominate to reach $0.53. Pi’s growing credibility could lift prices if adoption continues. Looking to 2025, analysts think Pi could hit $2 or more if the network’s value and market sentiment stay strong.
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