Pi Network's official account just drew a sharper line between PI and stablecoins, hinting that stablecoin-driven utility could expand what the network supports. Pi Network Price Prediction:
Pi Network's official account just drew a sharper line between PI and stablecoins, hinting that stablecoin-driven utility could expand what the network supports.
Pi Network Price Prediction: Price moved the opposite direction today: PI is trading at $0.07722, down 3.5%, trading inside the short-term channel it had been holding since early October.
Reaching the $0.15000 level marked further out on the chart would require PI to reclaim $0.07021 support and clear three resistance levels in sequence, a multi-month path rather than something immediate.
A post from the official Pi Network account (Pi Core Team) explains that PI is the network's native cryptocurrency, used for ecosystem participation and utility, while stablecoins, cryptocurrencies designed to hold a relatively stable value, typically by tracking an asset such as the US dollar, could serve a narrower, complementary purpose.
The post frames stablecoins as a way to expand the types of utility the Pi ecosystem can support, while keeping that role distinct from PI itself.
This is an official clarification, not a product or listing announcement, and no launch timeline was included in the post CoinGabbar reviewed.
Pi price today is down 3.5% to $0.07722 in 24 hours, underperforming a broader market sell-off primarily driven by a hotter-than-expected U.S. inflation report that renewed fears of aggressive Federal Reserve rate hikes. The move looks consistent with beta-driven pressure, compounded by Pi's weak technical structure and a lack of immediate, positive catalysts.
Primary reason: Macro-driven market sell-off after September CPI surprised to the upside, triggering a risk-off move across crypto.
Secondary reasons: Technical weakness below key moving averages and a lack of immediate, demand-driving news ahead of the scheduled Protocol 28 upgrade.
The Pi community is cautiously optimistic but fixated on a stubborn price ceiling. Here’s what’s trending:
Traders are watching the $0.10 resistance level as the key to a potential breakout.
Technical analysts see a descending channel forming, warning of a drop toward $0.07.
Upcoming network upgrades like Protocol 28 are fueling long-term bullish hope.
Persistent concerns about massive token supply unlocks continue to cap enthusiasm.
PI is trading at $0.07722, down 3.5% on a candle that opened at $0.07874 and ranged between $0.07400 and $0.07916.
Price had been consolidating inside a short-term descending channel, and today's decline pushed it toward the lower edge of that channel, just above $0.07021 support.
If PI holds above $0.07021 and the channel breaks upward instead, the chart's projected path shows a climb toward $0.10007, then $0.12002, and further out, $0.15000, unfolding over weeks to months. A daily close below $0.07021 would put this setup in question.
Bull case: A daily close back above $0.07874 would suggest the breakdown is being rejected, opening a path toward $0.10007. This weakens if the move comes on thin volume.
Base case: PI consolidates between $0.07021 and $0.07874 while the market digests today's stablecoin-utility comments.
Bear case: A daily close below $0.07021 confirms the breakdown, with no further chart level marked below it in this setup.
$0.07021 is the key support, tied to the recent channel low.
$0.07874 is the nearer resistance, matching today's candle open. Clearing it opens the path toward $0.10007, then $0.12002 and $0.15000.
Scenario
Trigger
Likely Outcome
Invalidation
Breakdown reverses
Close above $0.07874
Push toward $0.10007
Close below $0.07021
Range holds
Consolidate 0.07021–0.07874
Base forms
Break below $0.07021
Breakdown continues
Close below $0.07021
Slide below marked support
Reclaim $0.07021
Not immediately. The $0.15000 level is the furthest target marked, roughly double today's price, and reaching it needs PI to clear $0.07874, $0.10007, and $0.12002 in sequence, a multi-stage move built around weeks or months.
The stablecoin comments from the Pi Core Team add a fundamental storyline worth tracking, but with no rollout timeline given, it isn't a factor the current chart already prices in.
According to CoinGabbar analysts, today's close near the lower edge of the descending channel is the detail worth watching most.
$0.07021 is the level separating a short-term base from a deeper slide, sitting just below today's low of $0.07400.
The stablecoin comments don't change this technical picture on their own; they'd need a concrete rollout to matter. This read is based on the daily chart levels above, not a broader multi-timeframe study.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving PI.
