Pi Network Price Prediction: Nearly 2 million PI flowed out of CEX, AI-driven KYC becomes a key turning point

Pi Network (PI) experienced a nearly 3% rebound on September 24 after three consecutive days of decline, touching a historical low of $0.1842, indicating that the market may be forming a bottom. This rebound coincided with two key factors: a significant net outflow of PI tokens recorded by Centralized Exchanges (CEX), and the official launch of a revolutionary AI-driven KYC system. Do these developments signal that Pi Network is about to enter a period of price stabilization or even a reversal upward? Let’s analyze in depth.

AI Driven KYC System: Major Upgrade of the Pi Network Ecosystem

Pi Network co-founder Nicholas Kokkalis announced on September 23 on the social platform X that the AI-based KYC verification system is now officially online. This innovative feature will completely change the experience for “Pioneers” users, allowing them to activate their mainnet wallet before completing the traditional requirement of 30 mining sessions.

“Our AI-driven KYC system not only improves verification efficiency but also brings unprecedented security and convenience to the entire ecosystem,” Kokkalis stated in the announcement.

It is worth noting that this KYC verification focuses on unlocking the mainnet wallet functionality for users, rather than directly unlocking the mainnet PI token migration. This strategic decision aims to ensure a balance between network security and user convenience, while also laying the groundwork for future token migration.

Market Reaction: CEX Reserves Decrease Significantly

(Source: PiScan)

According to PiScan data, as new features are launched and prices fall to attractive levels, the demand for PI in the market is significantly increasing. The wallet balance on the Centralized Exchange recorded a net outflow of 1.94 million PI tokens in the past 24 hours, marking the second consecutive day of large-scale net outflows.

The day before, according to FXStreet, the net outflow was close to 8 million PI Tokens. This continued outflow of funds indicates that investors are actively taking advantage of the current discounted price to increase their holdings of PI Tokens and are transferring them to private wallets for long-term holding, which is often seen as a positive signal for the market.

Technical Analysis: Pi Network Price Stability Signs and Potential Rebound Path

(Source: Trading View)

As of the time of writing on September 24, the trading price of Pi Network has surpassed $0.2800, showing a significant improvement from the 4% fall the previous day. This intraday rebound indicates that PI may rise further, especially after a 19% plunge on Monday, with prices beginning to show signs of stability.

· Key Price Levels and Resistance Levels

Technical analysis shows that the potential Rebound of PI may first challenge the upper resistance trend line at 0.3220 USD. To truly restore the upward trend, PI needs to stand above the 50-day Exponential Moving Average (EMA) at 0.3655 USD.

However, the momentum indicators on the daily chart still show a bearish trend, and the Moving Average Convergence Divergence ( MACD ) has entered negative territory after breaking below the signal line on Monday. The continuous rise of the red histogram indicates that bearish momentum is strengthening, which may limit the upside potential in the short term.

· Opportunity in Oversold Area

It is worth noting that the Relative Strength Index (RSI) is currently at 29, pointing upwards, and is still in the oversold area. This indicates that the selling pressure is gradually weakening, and the market may soon experience a technical rebound. If the RSI can break through the oversold threshold of 30 again, it may signal that PI is about to usher in a new round of recovery.

Looking down, if the PI continues its downward trend, the S2 pivot level of 0.2387 USD may become a direct support level. The performance of this level will be crucial for determining the short-term trend.

Long-Term Outlook and Investment Considerations of Pi Network

· Ecosystem Development and Adoption Rate

The long-term value of the Pi Network mainly depends on the development of its ecosystem and actual adoption rates. The newly launched AI-driven KYC system is an important step towards improving user experience and network security, which may accelerate user growth and ecosystem expansion.

“The vision of Pi Network has never been just to create another cryptocurrency, but to build an inclusive digital economy that everyone can participate in,” said an industry analyst. “The AI-driven KYC system lowers the participation threshold while maintaining the security and integrity of the network.”

Investment Strategy Recommendations

For investors considering investing in Pi Network, the current market environment offers several points for reflection:

Dollar-cost averaging: Given that the current price is close to historical lows and in the oversold area, it may be a wise choice to build positions in batches.

Monitor the outflow trend of exchanges: Continuously monitor the outflow of PI tokens from CEX, which is often an early indicator of market sentiment changes.

Assessing technological progress: The launch and adoption of new features will directly impact the long-term value of PI.

Set stop-loss level: Although there is a possibility of a rebound, the market is still in a downtrend, so setting an appropriate stop-loss level is crucial.

Conclusion: Stable signs have appeared, but caution is still needed

Pi Network has started to show signs of stability after experiencing a significant fall, with the continuous decline of CEX reserves and the introduction of an AI-driven KYC system providing a foundation for a potential rebound. However, technical indicators still show that the market is in a downtrend, and investors should remain cautious and closely monitor the performance of key support and resistance levels.

In the long run, the success of Pi Network will depend on the development of its ecosystem and the expansion of practical application scenarios. The AI-driven KYC system is an important step in the right direction, but the real value will come from the network's continuous innovation and user adoption.