Traders are now debating whether this combination of fundamentals and chart signals could push Pi into a new phase of growth.
Rather than drifting lower as it did in August, Pi has carved out a base near $0.34, where buyers consistently stepped in. This consolidation produced a classic reversal structure that analysts often associate with major rallies. The rebound carried the token into the $0.37–$0.39 zone, and if that ceiling gives way, forecasts point to $0.45 as the next milestone. Beyond that, $0.50 and even $0.65 are being discussed as possible targets if momentum continues. Still, traders caution that losing support near $0.36 would undermine the bullish case and put pressure back on the lower range.
Adding to the optimism is Pi’s shift to version 20 on its testnet, an important step in the project’s long-term roadmap. Though the price reaction was modest — a 3% lift — the psychological impact on the community was larger. Version 20 is one of several incremental updates leading to version 23, each designed to reinforce infrastructure ahead of Mainnet deployment. For Pi’s millions of users, the steady cadence of upgrades is a sign the network is inching closer to full-scale launch.
Progress isn’t limited to software improvements. Pi has been rolling out ecosystem features aimed at practical adoption, including a domain auction that expanded its utility beyond the base protocol. At the same time, institutional recognition is beginning to emerge. A major asset manager recently introduced the first Pi-linked exchange-traded product, an early signal that traditional finance is paying attention.
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. For now, Pi sits at a pivotal point where community confidence, institutional curiosity, and market structure all converge.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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