Will Pi Network’s 2FA Security Update Push Pi Coin Price Higher?

Highlights,Pi Network core team has announced the introduction of mandatory two-factor authentication (2FA) for Pioneers, ensuring a secure and successful migration to the mainnet blockchain. Following this update, Pi Coin has shown a relief recovery, bouncing back from its critical support level of $1.00.,To further enhance the security of its wallets, Pi Network has introduced two-factor authentication (2FA), which will allow for a smooth migration for the mainnet blockchain. The new feature requires selected Pioneers to complete 2FA via a trusted email before their Pi balance is successfully migrated to the Mainnet.,The Pi Core team stated that the 2FA security aims to secure Pioneers’ wallets and accounts by adding an extra layer of protection. For Pioneers who recently migrated their Pi but remain within the 14-day pending period, completing 2FA is now mandatory.,In the case, the Pioneers fail to complete the 2FA process, Pi Network will securely return the Pi Coins to their mining app. However, on successfully completing the 2FA process, the user balance will be re-migrated to the Mainnet without any loss. The official announcement from the Pi Core team reads:,Over the last week, the Pi Coin price has come under severe selling pressure down y 23% on the weekly chart. With its market cap slipping under $8 billion, the altcoin has now slipped from the 11th spot to now at the 16th spot. Also, the daily trading volume for Pi Coin is up by 15.87% to $600 million.,Despite this development, market analysts continue to be bullish about the altcoin. Pi Coin’s 15-minute price chart displays a symmetrical triangle pattern, thereby hinting at an imminent breakout.,Bullish Scenario: A breakout above the key resistance level at 1.2 could propel Pi Coin’s price toward the 1.25–1.30 range in the short term. Strong buyer volume could further amplify momentum, leading to higher gains.,Bearish Scenario: If Pi Coin fails to breach the resistance and drops below the support level near 1.10, the price may revisit lower levels around 1.05–1.02.,The price of Pi Network’s native token is experiencing heightened volatility as data from PiScan reveals that nearly 129 million Pi Coins—valued at approximately $175 million— will be released this month. Such large unlock events often lead to increased selling pressure, sparking concerns that Pi Coin could drop below the critical $1 threshold.,Furthermore, the community is still waiting for big exchange listings for PI. Binance has not confirmed any plans to list Pi Coin, leaving speculation and market unease to dominate discussions.,