Pi Network Price Surges Following New Migration Deadline Announcement

Pi Network’s price received a notable boost on January 5, 2025, after the team announced a new deadline for its Mainnet migration.

This update, following a previous delay on December 31, confirmed that the Open Mainnet launch will now occur in the first quarter of 2025. This news sparked excitement within the community, leading to a 6% surge in Pi’s price, reaching $49.

Prior to the announcement, Pi Network’s price had dropped to as low as $44 on January 4, but the news of the new deadline reignited investor interest. However, the project continues to face challenges, particularly with the Know Your Customer (KYC) verification process and the ongoing migration to the Mainnet.

To accommodate more users, Pi Network has extended the deadline for KYC submissions and the Mainnet migration to January 31, 2025. This extension is expected to provide additional time for users to prepare for the upcoming transition, which will allow Pi coins to be transferred and used across various platforms.

Pi Network Price Outlook: Surge Signals Potential Triple Growth
With the new deadline in place, Pi Network’s price is now positioned for potential significant gains. The price has shown steady consolidation near the support level of $46.32, indicating the development of bullish momentum. The surge to $49 suggests that the market is responding positively to the new deadline and upcoming Mainnet launch.

Technical indicators also support the bullish outlook. The Relative Strength Index (RSI) is trending upwards, suggesting improving momentum. Additionally, the MACD histogram shows bullish divergence, indicating growing buying pressure despite recent price fluctuations.

Key resistance levels remain at $57 and $67. If Pi Network’s price breaks above the $67 mark, it could trigger a continued rally, with projections reaching as high as $183.79. This would represent a 265% increase, positioning Pi Network for a major surge in the coming weeks. If the bullish trend continues, Pi’s price could potentially triple, making it a highly anticipated move in the crypto market.

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