Pi Coin 2026 Price Prediction: Trading Volume Surged by 275%! Bottomed at $0.2, next target $0.35

Entering 2026, the native token Pi Coin of the mobile mining project Pi Network has recently seen a significant increase in trading activity, with market attention rebounding. Its price is supported near the key $0.20 level, with about a 2% gain over the past 7 days. Technical analysis indicates that if the price can hold above the current support, the short-term upside target could be toward $0.35.

However, trading of its ETP product in the Swedish market remains light, and there is potential token unlock selling pressure, indicating market sentiment remains divided. The long-term trend requires further confirmation from fundamental catalysts.

Price finds support, trading volume reveals market sentiment shifts

Following the volatility after the mainnet launch in 2025, (https://www.gate.com/zh/price/pi-network-pi) appears to show signs of stabilization in early 2026. Currently, PI’s price repeatedly tests the $0.20 level, which has proven to be a strong psychological and technical support. Over the past week, despite turbulence across the entire crypto market, PI has achieved a modest 2% increase, demonstrating some resilience.

More notably, its trading volume has increased significantly since early 2026. Volume expansion often indicates rising capital interest, especially at critical price levels, suggesting the market is actively turning over positions and preparing for a new direction. Some market observers interpret this volume-price action as PI potentially building an important stage bottom. While accurately predicting market reversal points is very difficult, the increased trading activity certainly raises speculation that its price may be near or at a relatively low point.

However, overall liquidity remains limited. Data shows a 24-hour trading volume of about $8 million, which is relatively low among top market cap cryptocurrencies. This weaker liquidity implies that the price could be more sensitive to large trades and may experience higher volatility.

Recent Market Performance and Key Targets for Pi Coin

• Current price and support: trading around $0.2075, with $0.20 confirmed as a key psychological and technical support level.
• Short-term price targets:
  • First target: $0.35 (near key resistance and the 200-day exponential moving average).
  • Potential upside: if market sentiment becomes extremely optimistic (FOMO), challenging $0.65.
• On-chain activity:
  • Whales have transferred over 390,000 PI from major CEXs to private wallets.
  • The total number of whale addresses (large holders) has slightly decreased from a recent high of 23 to 21.
• Related product performance:
  • The Swedish Valour Pi SEK ETP remains thinly traded, with a daily volume of only 143 units, quoted at 19.32 SEK.

Technical analysis perspective: potential paths from key indicators

On the daily chart, (https://www.gate.com/zh/price/pi-network-pi) recent price action provides some clues for analysts. Besides multiple bounces near $0.205, confirming support in that zone, the Relative Strength Index (RSI) has risen above the midline of 50. RSI measures momentum by assessing the speed and change of price movements; when it recovers from lows to above 50, it is often seen as a sign that downside momentum is waning and upside momentum is building.

If PI can successfully hold the current support zone and overall market sentiment continues to improve, the first important upside target will be $0.35. This level is critical because it coincides with a previous horizontal resistance and roughly aligns with the long-term 200-day EMA. Moving averages are often viewed as dynamic support or resistance, and the 200-day MA is widely regarded as a trend indicator. Breaking above this level would have significant technical implications.

Additionally, some analysts note that the current price movement follows a breakout from a descending channel. An upward breakout from such a channel can signal a potential trend reversal. If this breakout is confirmed by subsequent price action and market sentiment (especially retail FOMO), PI could see a larger rally toward around $0.65. Of course, this optimistic scenario depends on multiple conditions aligning.

Institutional channels cooled: Sweden Pi SEK ETP reacts poorly

Contrasting with active on-chain trading volume, Pi Coin’s attempts in traditional financial channels have so far been lukewarm. The Pi SEK ETP issued by DeFi Technologies’ subsidiary Valour and listed on the Swedish Spotlight stock market has been trading for five months with very limited volume. This ETP allows Nordic and other regional investors to buy Pi Coin via securities accounts, with Valour holding actual Pi Coins and issuing corresponding shares.

However, liquidity remains scarce, with daily volumes often only a few hundred units, and the latest quote at about 19.32 SEK (roughly $2.00). This falls short of some expectations prior to launch—Pi Network claims to have tens of millions of active users, but these users have not effectively converted into ETP investors. Compared to other Valour crypto ETPs (like Shiba Inu), Pi Coin’s market attention and trading activity are noticeably weaker.

This phenomenon may reveal several issues: first, a large community does not necessarily translate into significant capital for secondary market trading; second, a 1.9% annual management fee further diminishes attractiveness for a product with low trading activity; third, it reflects that institutional investors and traditional markets remain cautious about Pi Coin at this stage, making large-scale adoption unlikely in the short term.

On-chain signals and project progress: mixed factors

On-chain data shows some large holders (“whales”) actively accumulating. Recently, some whale addresses transferred hundreds of thousands of PI from exchanges to personal wallets—often interpreted as a bullish sign, indicating long-term confidence and accumulation at current prices.

However, data from PiScan indicates a slight decrease in whale addresses holding large amounts of Pi—from 23 a week ago to 21 now. Meanwhile, concerns about ongoing token unlocks persist, which could serve as potential sell pressure. The coexistence of bullish and bearish signals suggests that even among core holders, expectations may differ.

From a project development perspective, Pi Network plans several key milestones in 2026, including Protocol 23 upgrade, the launch of decentralized exchanges, and the mainnet for automated market makers. Successful implementation and user adoption of these upgrades could strengthen the fundamental support for Pi Coin. Additionally, rumors persist that if Pi Coin gains listing approval on major exchanges like top-tier CEXs, it could significantly expand its investor base and liquidity, acting as a catalyst for price surges.

Outlook: opportunities and risks on the path to breakthrough

Overall, Pi Coin in early 2026 stands at a crossroads of opportunity and risk.

Positive factors include: support at key technical levels coupled with increasing trading volume; a clear technical roadmap; potential ecosystem expansion (e.g., DEX) creating new value scenarios; and a large community that remains a significant potential force.

Major challenges and risks involve: weak overall market liquidity leading to sharp price swings; institutional channels (ETP) underperforming, indicating limited institutional recognition; ongoing token unlocks acting as a “Damocles sword,” with potential to turn into actual selling pressure; and the broader crypto market trend, especially the performance of core assets like Bitcoin and Ethereum, which will deeply influence projects like PI.

For investors, understanding Pi Coin’s unique nature is crucial. Born from a large mobile user community, its value realization path differs from traditional crypto projects. In the short term, technical breakout signals and potential exchange listings may drive prices. In the medium to long term, its value will ultimately depend on whether Pi Network can transition from a “mining experiment” to a decentralized network with real, active economic activity, fulfilling its vision of building an user-friendly crypto ecosystem. At this juncture, staying attentive and waiting for clearer fundamental signals may be the more prudent approach.