Pi Coin has been a talking point in the crypto world ever since Pi Day back in 2019. Its mobile-based mining model and slow, step-by-step mainnet rollout have earned it a loyal community, but also plenty of skeptics. Now, as the project moves into another key phase, interest is picking up again — especially around where PI’s price could go next.
As of February 4, Pi Coin is trading near $0.16, marking a 9% drop over the past week and a small dip over the last 24 hours. For now, the token appears stuck in a narrow trading band, with price action driven more by internal network developments than by the broader crypto market. While Bitcoin and major altcoins often set the tone for sentiment, PI’s moves lately have been closely tied to what’s happening inside the Pi Network itself.
One of the biggest recent updates came at the end of January, when the Pi Network team addressed long-standing issues around KYC verification and mainnet migration. Around 2.5 million users who had been blocked due to stricter compliance checks are now being allowed to move forward in the process. Because regulations and technical issues differ by region, these fixes are rolling out gradually rather than all at once.
On top of that, more than 700,000 users are now able to submit KYC applications for the first time. This is a positive step for the network’s growth and legitimacy, but it also comes with a catch: as more users complete migration, more PI tokens enter circulation. Over the coming weeks, millions of tokens are set to unlock daily, including a notable 24 million PI release scheduled for February 13. This steady increase in supply is one of the main reasons analysts expect continued pressure on the token’s price in the short term.
From a technical point of view, PI is hovering around a crucial $0.15–$0.16 support zone. If buyers step in and defend this area, a short-term bounce toward $0.18 is possible, and a brief push toward $0.20 can’t be ruled out. That said, such a move would likely be more of a temporary spike than the start of a strong new uptrend. On the downside, losing the $0.15 level could open the door to a slide toward $0.14–$0.145, reinforcing bearish sentiment and raising fresh doubts about the token’s near-term prospects.
Looking ahead, Pi Coin’s recovery depends less on chart patterns and more on whether the ecosystem begins to show real signs of life. Gradual progress in onboarding users through KYC and mainnet migration could help rebuild confidence. If those users start actively using Pi-based apps and services, it could lay the groundwork for healthier demand in the future. Without that kind of real-world usage, however, any price bounce is likely to be fragile.
For now, the most realistic Pi Coin price prediction is continued range-bound trading between $0.14 and $0.18, with volatility picking up around major token unlock dates. A sustained move above $0.20 would require more than short-term hype — it would need visible growth in the Pi Network’s ecosystem and utility.
In short, Pi Coin feels like it’s in a waiting phase. Some long-standing issues are finally being addressed, but rising supply and limited on-chain activity are keeping the price in check. Until fundamentals improve in a meaningful way, sideways movement looks like the most likely path forward.
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