Pi Network’s native token is showing renewed strength this month, catching the attention of traders as technical signals, network upgrades, and large investor activity all point toward a possible upward move. After dipping to $0.1295 on February 6, the Pi coin price has climbed steadily to around $0.1700, suggesting growing market confidence.
The recent price recovery comes at a time when the project is undergoing important technical improvements and attracting significant accumulation from large holders — often referred to as whales in the crypto market.
Major Network Upgrade Fuels Optimism
One of the key drivers behind the current momentum is Pi Network’s ongoing upgrade process. Developers are working to transition the network to the latest version of the Stellar Consensus Protocol, a move expected to improve transaction speed and expand overall functionality.
According to the development team, the next major milestone is scheduled for March 1. Following the upgrade to version 19.9, the rollout will continue through four separate phases, with the final stage expected to be completed in April.
Historically, cryptocurrency markets often react positively ahead of major technical updates, as investors anticipate stronger performance and improved usability once upgrades go live.
Whale Accumulation Signals Confidence
On-chain data also highlights increasing interest from large investors. The number of Pi whales has reportedly risen to 20, with the largest holder controlling more than 383 million coins. Notably, this whale alone accumulated over 17 million Pi coins during the past month.
Such accumulation is typically viewed as a bullish signal, as large investors tend to build positions when they expect long-term price appreciation.
New Features in Development
Beyond upgrades, the Pi Network team is also expanding its ecosystem with additional products. One of the most anticipated features is a planned KYC-as-a-Service solution. This offering aims to leverage the project’s existing identity verification system, which has already verified more than 16 million users.
If successful, the feature could place Pi Network in direct competition with identity-focused blockchain platforms such as Humanity Protocol and Worldcoin, potentially opening new use cases beyond payments.
Kraken Listing Could Be a Major Catalyst
Another potential boost for Pi Network is the possibility of a listing on Kraken, one of the largest cryptocurrency exchanges in the United States. Kraken has indicated plans to list the token this year, which would significantly expand access for American traders and could encourage additional exchanges to follow suit.
Exchange listings often increase liquidity and visibility, both of which can drive price momentum.
Technical Indicators Point Higher
From a technical perspective, Pi Network’s price action is showing encouraging signs. On the 12-hour chart, the token has formed a bullish flag pattern — a setup commonly associated with continuation rallies. The price has already broken above the upper boundary of the pattern’s descending channel, suggesting potential for further gains.
Additional indicators reinforce the bullish outlook. The token remains above the Supertrend indicator, signaling continued buyer control. It has also moved slightly above the 50-period moving average, while the Relative Strength Index is trending upward, indicating strengthening momentum.
If the current trend holds, analysts are watching the next key price target near $0.2065, roughly 20% higher than current levels.
With upgrades progressing, whales accumulating, and new catalysts on the horizon, Pi Network could be preparing for its next significant market move.
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