Pi Network Technical Analysis Points to Potential Recovery Despite Recent Slump
Down 3.5% in the past 24 hours, Pi Network (PI) is trading at about $0.58 and is following a declining trend whereby the value of the crypto
Quick overview
- Pi Network (PI) has seen a 3.5% decline in the past 24 hours, trading at approximately $0.58, and has dropped over 10% in the past week.
- Technical indicators show mixed signals, with a potential for price reversal despite current bearish momentum and strong resistance at $0.82.
- Token dilution remains a significant challenge, with 131 million tokens set for monthly release, necessitating strategies for sustainable growth.
- Upcoming events like Token 2049 and the Consensus Summit could provide opportunities for price recovery, with analysts predicting various scenarios for May 2025.
Down 3.5% in the past 24 hours, Pi Network (PI) is trading at about $0.58 and is following a declining trend whereby the value of the cryptocurrency has dropped over 10% over the past week. Though there is a bearish momentum, multiple technical indications and future events point to PI coin perhaps about to reverse.
PI/USD Technical Indicators Show Mixed Signals
At the 50-day simple moving average of $0.82, Pi Network encounters strong opposition trading 80% below its all-time high of $2.99. Technical markers show a mixed picture:
- RSI at 38.7 comes but isn’t yet in oversold area.
- Price is implying possible oversold circumstances by hugging the lower Bollinger Band.
- MACD offers early indicators of positive divergence.
- Over the past 24 hours, trading volume shot 35% to $128 million.
This higher volume in spite of declining prices would point to accumulation at lesser levels and revived token interest.
Token Dilution Remains a Key Challenge
Constant token dilution presents Pi Network’s biggest obstacle. With an estimated 131 million tokens set for monthly release over the next year, April saw 21.4 million fresh tokens—worth around $12.3 million—enter circulation.
Comprising roughly 70 billion PI tokens worth more than $40 billion, the Pi Foundation A targeted token burn could help to solve dilution issues and maybe sustain the price.
What Pi Network Needs for Sustainable Growth
Bitget Wallet COO Alvin Kan claims that initially impetus of Pi Network has diminished. The initiative needs to: enable sustainable development by:
- Increase liquidity by expanding trade listings.
- Create valuable practical real-world applications.
- Apply balanced token economics.
- Create DeFi and retail sector integrations.
Another issue is the inverse correlation with Bitcoin (-0.11), since Pi’s price could be under more pressure as Bitcoin’s ascent toward $100,000 proceeds.
Pi Network Price Prediction for May 2025: Conference Season Could Spark Rally
Two big events could set off a Pi Network price comeback:
- Token 2049: Pi Network and co-founder Nicolas Kokkalis, who sponsors, will have chances to connect with big exchanges such Binance, HTX, and KuCoin.
- Analyst “Dr Altcoin” forecasts: “I am fairly confident that the price pumping of Pi might start rather than at the end of August when Pi unlocking greatly reduces.” May 14–16 Consensus Summit
Price Scenarios for May 2025
- Bearish Case: Failure to break above key moving averages could see prices fall to $0.45-$0.55.
- Neutral Case: Sideways trading between $0.59-$0.67 if market sentiment remains mixed.
- Bullish Case: A break above the 50-day SMA could push prices toward $0.85-$0.90, with optimistic analysts targeting $1.70 (a 3x gain) by mid-May.
What’s Next for Pi Network?
May could be crucial for Pi Network even under pressure if the team uses conference appearances to solve basic issues. A break over $0.8727 would indicate a possible trend reversal; yet, without improvements in utility and exchange accessibility, token locks will keep challenging price increase.
One expert observed, “May 2025 may not be the time for Pi to moon, but it needs to be the time Pi matures.”
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