Pi Network’s Make-or-Break Week: Can the ’People’s Crypto’ Bounce Back From 80% Collapse?

Pi Coin bled out hard—now traders are watching May 10 for signs of life. The ’mobile-mined’ token cratered 80% from its ATH, leaving retail bagholders muttering about ’long-term holds.’

Key question: Is this a healthy correction or the death rattle of an overhyped project? The network’s ’mainnet launch’ keeps getting delayed—classic crypto vaporware play—while the core team dangles vague partnerships like carrots.

Bull case: If Pi flips $3.50 resistance, we could see a 50% dead-cat bounce. Bear case: Another rejection here, and that sub-$1.50 support won’t hold. Either way, remember what Wall Street won’t tell you: ’Community-driven’ usually means ’greater fool theory in a trenchcoat.’

Pi Network Price Drop, Recovery Odds, And Pi Coin Trading Risks

Volume Collapse Signals Market Disinterest

The Pi Network crash continues to unfold as trading activity has pretty much vanished from the markets. At the time of writing, Pi Coin trading volume has dropped to under $40 million, which is a far cry from the February peak when it regularly exceeded $3.5 billion daily.

This massive reduction in market interest has happened alongside the Pi Coin price collapse, which has seen it tumble about 80% from its all-time high, with an additional 10% decline just recorded last week.

Technical Indicators Remain Bearish

Looking at the Pi Coin May 10 forecast through technical analysis also reveals some concerning signals. The Bollinger Bands have tightened considerably on the 4-hour chart, which typically indicates compressed volatility and often precedes another significant move. Also, the Awesome Oscillator has turned negative at -0.0073, suggesting bears still have control of the market.

On the daily timeframe, Pi Coin trading remains stubbornly below the important 20-day EMA, and there are also negative Bull Bear Power readings to contend with.

Short-Term Price Targets

According to CoinCodex price prediction models, the Pi Coin May 10 forecast does suggest a possible rise to around $0.65187, which would mean a gain of about 12.13%. However, without any real increase in trading volume, a meaningful Pi Network recovery seems quite challenging.

The technical analysis currently points to support around the $0.40 level if the bearish pressure continues, though a sudden spike in volume could potentially push prices toward the $0.74 resistance and maybe even test the psychologically important $1 mark.

Long-Term Pi Network Outlook

Even with the ongoing Pi Network crash dominating headlines, some long-term forecasts remain surprisingly optimistic about its future. Current prediction models suggest that Pi Coin could reach $1.904305 by June 2025, which would represent a pretty impressive 228.09% increase from current levels.

For investors trying to make sense of the situation, there’s an odd disconnect between the Fear & Greed Index reading of 67 (indicating Greed) and Pi Coin’s technical reality, which includes just 43% green days over the past month.

The Pi Coin May 10 forecast is just one small piece of data in what has been an extremely volatile journey for this cryptocurrency. With the dramatically reduced Pi Coin trading volume and persistent technical weakness we’re seeing right now, the path to Pi Network recovery certainly looks challenging, even with these short-term predictions suggesting some modest gains might be possible in the coming days.