Pi Network’s price held steady on Tuesday, edging up 0.45% to $0.1615 as Bitcoin and most other major cryptocurrencies declined, CoinGecko reported. The analysis noted that the ecosystem appears to be on track for a recovery as key network metrics strengthen.
Over the past 12 months, mainnet migrations rose 60% to exceed 16.2 million, while more than 17.4 million have completed KYC. The network has grown to over 420 nodes, and merchants accepting Pi increased from about 70,000 to more than 148,000, with regional on-chain commerce users surpassing 2.1 million.
Analysts Nicolas Colalis and Chendiang Pan highlighted potential catalysts such as expanded usability, additional investment, validator rewards, and broader KYC services, though token burning, deeper decentralization, or further exchange listings were not mentioned. The price had previously climbed to around $0.2067 on February 15 before pulling back to the current level. A bullish candlestick pattern (hammer/dragonfly doji) and the price remaining slightly above the SuperTrend indicator suggest ongoing buying momentum; if the rebound continues, Pi could test near $0.2057, about 30% above current levels.
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