Analyst Predicts Pi Coin to Hit $2 If Pi Network Price Breaks This Resistance

Key Insights:

• PI Coin is fighting to break key resistance at $1.2, which could send the Pi Network price to $2.
• Investors accuse the Pi Core Team of stealing their mined coins.
• June 28 could mark a turnaround for the Pi Network ecosystem with PI Day 2 event.

The Pi Network is again in the news, as its native token, Pi Coin (PI), has failed to meet investors’ expectations.

Still, one crypto analyst is optimistic about Pi Coin’s future price trajectory. He predicted that PI could reach the $2 mark if it breaks a crucial resistance level.

Can PI Coin Price Reclaim Previous Highs?

Taking to the X platform, Moon Jeff, a popular on-chain analyst, reaffirmed his confidence in Pi Coin price. “Send $PI back to $1.2,” he stated.

The $1.2 is identified as a key resistance level for PI Coin price. Therefore, Moon Jeff believes Pi Coin’s ability to cross this price will represent the start of a new beginning for the asset.

He is optimistic that PI Network will continue its momentum and reclaim its previous highs.

Several commenters reacted sarcastically to Moon Jeff’s post. They found it difficult to believe PI would rally back to $2 at least anytime soon.

Their pessimistic sentiments are understandable, as PI is still trading close to its all-time low.

In the past month, the price of PI has plummeted by 13.8% and 1.6% on the weekly charts.

As of this writing, market data shows PI Network price was traded at $0.62, demonstrating a 0.4% decrease over the past day.

Market experts have attributed PI’s recent price struggles to a lack of investors’ confidence.

Pseudonymous analyst Dr Altcoin previously criticized the Pi core team for failing to do enough to boost confidence.

Dr Altcoin noted that the success of the Pi Network depends largely on the team creating solutions that appeal to investors.

Investors Accuse Pi Network of Scam

While PI Coin struggles to balance, some investors have accused the Pi core team of perpetrating a scam.

Recall that the Pi coin team required users, referred to as Pioneers, to complete a KYC verification before the mainnet launch.

The team said KYC verification is critical to ensure security and compliance and enable Pioneers to use their mined Pi coins.

The network’s self-developed KYC process verified 19 million users as of February 2025, exceeding the initial 15 million goal.

However, a Pi Coin user @haifeng8283 on X posted a screenshot showing he completed the verification process.

However, the user said he had not received any Pi coins as expected. Therefore, he urged the team to map his tokens, as it is the right of every Pioneer.

Other users quickly commented on the post that the Pi Network was a scam. They accused the team of stealing their mined coins.

These claims add to earlier allegations of deceptive practices and a lack of transparency in the Network’s operations.

PI Community Eyes June 28 for a Major Turnaround

The Pi Network community is eager to see June 28, which the project aims to celebrate as Pi Day 2.

Since 2023, the Pi core team has highlighted the network’s milestones and promoted the creation of Pi-based applications on Pi Day 2.

With June 28 only a few weeks away, community members look forward to seeing the impact on PI Coin.

Some anticipate a Binance listing announcement before June 28, 2025. Previous failed efforts to list PI on Binance dented market confidence.

Thus, a new Binance listing announcement may restore investors’ confidence and eventually send the price of PI Coin price to new highs.

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