Pi Coin (Pi Network/PI) is experiencing quite a price rally in the daily charts, outperforming the likes of Bitcoin (BTC), Ethereum (ETH), XRP, etc. According to CoinGecko data, PI’s price has risen by nearly 4% in the last 24 hours. Despite the rally in the last day, the asset is still in the red zone in the other time frames. PI’s price is down by 4.6% in the last week, 15.2% in the 14-day charts, and 33.7% over the previous month. Let’s discuss why PI is rallying today, and if the rally can sustain itself amid bearish market forces.
Will Pi Coin Continue Its Price Rally?
Pi Coin’s (PI) rally comes days after the team announced a series of significant upgrades. The team stated that the first upgrade will take place on Feb. 15, 2026. Investor sentiment may have got a boost from the upgrade announcement. Moreover, the team announced that more 16 million users have transitioned to the project’s mainnet. The large figure shows the a strong community within the PI ecosystem.
While the rally is commendable, it is unlikely that PI’s rally will continue, given the larger bearish market environment. Bitcoin (BTC) is on the verge of falling below $66,000, and other assets will likely follow BTC’s trajectory. BTC falling below $66,000 could trigger a market-wide downtrend. PI’s price could face a massive correction under such circumstances.
CoinCodex analysts also do not anticipate Pi Coin’s price rally to continue over the coming days. The platform predicts PI’s price to fall below the 10-cent mark, dipping to $0.09684 on Feb. 21. Falling to $0.09684 from current price levels will entail a correction of about 30.31%.
Also Read: VeChain Surges 7% In 24 Hours, Outshines Bitcoin And Ethereum
Pi Coin (PI) will likely enter a full on recovery mode when the larger economy improves. Investors are staying away from risky assets, and will likely continue their risk-off approach over the coming months.
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