Pi Network Price Forecast: ISO 20022 Rumor Resolved – Is the Tide Turning for PI Coin?
Launched with enormous buzz, Pi Network’s coin saw a spectacular rise and fall. After peaking near $3 earlier this year, PI entered a steady downtrend amid skepticism about its limited exchange listings and uncertain utilitybanklesstimes.com. By mid-October, it hit rock-bottom around $0.1515–$0.1540banklesstimes.com, transforming Pi into “one of the top fallen angels in crypto” according to analystsbanklesstimes.com. This collapse wiped out billions in value and highlighted concerns from oversupply to lack of transparency and centralization issues in the projectbanklesstimes.com. Late October brought a spark of relief. Pi’s price staged a rebound of over 20–25%, briefly trading up to ~$0.29bravenewcoin.combravenewcoin.com. The turnaround coincided with positive developments: about 2.7 million users migrated to Pi’s mainnet in a week, lifting the total verified user base to nearly 7 millionbravenewcoin.com. Trading volume spiked over 1,000%, and PI broke above the upper trendline of a long-standing falling wedge pattern – a bullish technical signalbanklesstimes.combanklesstimes.com. By early November, however, momentum stalled. PI has been trading flat around $0.24–$0.25 for several daysbanklesstimes.com, giving back some gains from its late-October rally. FXStreet reported the coin was down about 5% on Monday, November 3, amid fading buying pressurefxstreet.com. Despite this pause, Pi is still ~60% higher than its October lowbanklesstimes.com