Pi Network price continues to struggle, hovering below $0.15 on Friday, after experiencing a 5% decrease over the past 24 hours. The PI coin has declined by 12% in the past week.
Pi Network is encountering significant difficulties as it moves towards the launch of the validator reward system.
Friday morning PI coin went to its lowest level since its mainnet launch in February 2025, at $0.13. The drop is simply astounding, and the asset dropped more than 30% within the past month. The token of Pi has also decreased by over 90% over a wider time span as it peaked on February 26, 2025.
The overall market of cryptocurrency is also experiencing a negative direction with a decline of 4.4%, which makes the total market capital 2.27 trillion. The market is in a negative mood, and BTC, ETH, SOL, and XRP have strong bearish momentum.
Pi Network to Launch KYC Validator Rewards System by March 2026
Despite the broader market slump, Pi Network remains focused on its upcoming KYC validator reward system. The project is intended to reward Pi to validators that process millions of Know-Your-Customer (KYC) apps.
Such a system will enhance network participation and retail sentiment. Pi Network declared that the reward system design and implementation are done, and it is under testing. As it was planned, the reward distribution should start by the end of March 2026.
Is Kraken About to List Pi Network Token?
On a positive note, rumors are circulating that Kraken, one of the largest and most established cryptocurrency exchanges, is preparing to list Pi Network token. This would be a notable milestone for Pi Network, since the initial listing would enhance the liquidity of the token and its credibility in the crypto sector.
Once proved, this will serve as a major factor in the success of Pi Network in the long-term
PI Network Price Slips Below Key Levels: Is a Recovery Possible?
The PI coin price crashed at $0.1449, experiencing a notable decline on February 6, 2026. This steep decline has attracted traders and investors are speculating that the asset may experience further deterioration if the trend persists.
The Relative Strength Index (RSI) is 35, indicating that the PI coin is near the oversold zone. This may be an indicator of a possible reversal in the following days. Nevertheless, MACD bears a negative momentum with a negative slope, which again indicates the chances of further reductions.
Any break below $0.13 may indicate further losses, and $0.10 is a crucial mark to those seeking more losses. Conversely, should the Pi Network price succeed in maintaining a position above the $0.13 level and start climbing upwards.
But it will need to cross the $0.15 resistance level to confirm any bullish move, as per full Pi coin forecast report.
Source: PI/USDT 4-hour chart: TradingviewTo sum up, Pi Network is experiencing difficulties because of price battles. The next KYC reward system, which will be based on validator, is likely to increase participation. Potential exchange listings would enhance liquidity and legitimacy. Nevertheless, the recovery is based on overcoming the main resistance and enhancing the market mood.
Source: https://coingape.com/markets/pi-network-price-prediction-ahead-of-pi-kyc-validator-reward-system-launch/
