Pi Network Price Prediction: Double Bottom Pattern Formed, PI Expected to Rebound to 0.30 USD?

Pi Network price prediction shows that although the price on October 21, 2025, is $0.2035, with a 2.2% fall within 24 hours, the technical aspect is brewing a strong Rebound. The four-hour chart shows that Pi coin has formed a double bottom pattern in the $0.198 demand zone, successfully breaking through the downtrend channel, with buying pressure re-emerging.

Pi coin price performance and market data today

On October 22, the price of Pi Network was $0.2025, down 1.98% in the last 24 hours. During the day, the price of PI fluctuated between $0.2025 and $0.2088, showing significant price volatility.

Although there has been a daily pullback, the value of PI against Bitcoin (BTC) has actually risen slightly by 0.9%, indicating that interest in PI has been relatively higher than that in BTC during the same period. This relative strength indicator holds significant meaning in Pi Network price predictions, as it shows that even in the case of a decline in dollar valuation, PI remains resilient compared to the benchmark assets in the crypto market.

From a fundamental perspective, the market capitalization of Pi Network is 1,682,930,351 USD, with a 24-hour trading volume of 17,461,937 USD. The ratio of this trading volume to market capitalization is approximately 1.04%, which is relatively low, indicating that the liquidity of PI is still limited. Low trading volume may lead to increased price volatility, as large buy and sell orders can more easily have a significant impact on the market.

From a supply and demand perspective, the current price pullback may be a short-term profit-taking or technical adjustment, rather than the beginning of a trend reversal. After several weeks of continuous falls, the price of Pi coin has begun to show signs of recovery. On the four-hour chart, the price of Pi coin has successfully rebounded from the latest low, indicating that buying pressure is re-emerging within the green accumulation zone.

Double Bottom Pattern and Downward Channel Breakthrough Analysis

(Source: Trading View)

According to data from Coingape, the price of Pi coin has formed a solid double bottom pattern near the demand zone of $0.198, confirming ongoing buying activity in that area. The double bottom pattern is one of the most reliable reversal patterns in technical analysis, often marking the end of a downtrend and the beginning of a new uptrend. The formation of this pattern indicates that the price has tested the $0.198 support level twice, both times receiving strong buying support, showing that there are many investors willing to enter at this price level.

The price breaking through the downward channel pattern also reflects an increase in the buying willingness of active market participants—this is an early signal that the trend may reverse to a more bullish direction. After successfully breaking through the downward channel pattern, the price of Pi coin began to form a series of higher lows—this is an early technical signal of trend recovery. The formation of higher lows means that each pullback's low is above the previous one, indicating that buying pressure is gradually surpassing selling pressure.

Key technical levels for Pi Network price prediction:

Support level 0.198 USD: The key support confirmed by the double bottom pattern, a loss will destroy the bullish structure.

Current price 0.2035 USD: In the early stage of a Rebound, need to confirm sustained upward momentum

First Target 0.227 USD: Breaking this level will confirm the validity of the Rebound, with an increase of about 11.5%.

Second Target 0.243 USD: Mid-term resistance level, once broken, space opens up.

Ultimate goal $0.274 to $0.30: Calculating from the current price, an increase of 34.6% to 47.4%.

The next major target level is $0.227. If this level is successfully broken, the price could continue to rise to $0.243 and $0.274. Based on the current structure, as long as this pattern is maintained, the possibility of rebounding from the demand area to the $0.30 region is 50%. This 50% probability assessment is based on the success rate of historically similar patterns and the current market environment.

At the same time, the ongoing accumulation in this area reflects an increase in market confidence. Maintaining the support level around $0.209 is crucial for sustaining the rebound trend and avoiding a deeper correction. If the price falls below $0.209 and cannot quickly recover, it may signal the failure of the double bottom pattern, and the price will retest the $0.198 support or even lower.

App Studio Upgrade Enhances Ecological Development Momentum

The AI-driven App Studio update of Pi Network has sparked enthusiastic discussions within its ecosystem once again. The upgraded platform brings advanced customization tools and more powerful app discovery features for developers. This upgrade has dual significance in the price prediction of Pi Network: it boosts market sentiment in the short term and enhances token utility in the long term.

In addition, this update also helps developers iterate projects faster and more efficiently through shared community access. These improvements significantly promote deeper collaboration while lowering the barriers to creating new applications. Lowering the development threshold is crucial for projects like Pi Network that emphasize inclusiveness, as it can attract more non-professional developers to participate in ecosystem building.

In addition, Protocol 23 (the next network update) is currently in an active testing phase, with developers preparing to launch it on the mainnet. These updates are expected to enhance the stability and efficiency of transactions, reflecting Pi's cautious and gradual development philosophy. As creators gain easier access to view and engage, participation in the Pi ecosystem is expected to increase.

The launch of Protocol 23 has strategic significance for Pi Network price predictions. Technical upgrades typically trigger a “buy the rumor, sell the news” trading pattern in the crypto market, but if the upgrade indeed brings significant performance improvements and enhances user experience, it may create a lasting positive impact. The key lies in whether Protocol 23 can address the current network pain points, such as transaction speed, fee costs, and smart contract functionality.

Therefore, the upgrade of AI Studio and the transition to Protocol 23 have strengthened the innovative narrative supporting the price of Pi coin in a broader market. In the crypto market, narrative is often as important as fundamentals. “AI-driven application development” and “network performance upgrades” are the current hot topics in the market, and Pi Network is repositioning itself through these initiatives, transforming from a “project that has long been in a testing phase” to an “actively innovative ecosystem.”

Feasibility Analysis of 50% Price Target

In summary, driven by strong technological factors and ecosystem advancements, the price of Pi continues to show a stable rebound trend. The demand zone is expected to rise by 50%, enhancing confidence in the bullish direction. This 50% increase target means rising from the current $0.2035 to about $0.305, slightly above the previously mentioned $0.30 target.

From a technical analysis perspective, this target is reasonable. The theoretical target price of a double bottom pattern is usually the neck line plus the height of the pattern. If $0.198 is the bottom, $0.227 is the neck line, and the height of the pattern is about $0.029, then the theoretical target is $0.227 + $0.029 = $0.256. Considering the momentum continuation after the breakout, a further rise to the $0.30 area is possible.

However, investors need to recognize the risk factors. Pi Network price predictions must consider the structural challenges that the project faces: the mainnet is not yet fully open, a large number of tokens are about to be unlocked (as mentioned earlier, approximately 116 million tokens will be unlocked in the next 30 days), and exchanges hold more than 412 million potential sell pressure. These factors may trigger selling pressure at any time, interrupting upward momentum.

On the other hand, the upgrade of AI Studio and the testing of Protocol 23 have enhanced the development momentum of the Pi Network. The combination of these factors has strengthened people's optimistic sentiment towards the long-term application and market prospects of Pi coin. If these technology upgrades can significantly improve user experience and attract more developers, the Pi Network may gradually establish real use cases, thereby supporting the token price.

Overall, with a healthier technical structure and increased liquidity, the long-term forecast for the price of Pi coin remains optimistic. This pattern suggests a constructive change, where the control of returning buyers may lay a solid foundation for future price increases. The key lies in the confirmation of a breakout at 0.227 dollars and the maintenance of support at 0.209 dollars; these two price levels will determine whether the 50% upward target in the Pi Network price forecast can be achieved.