Pi Network Plunges Below Key Support—Just as Bullish Signals Flash
Pi Network’s token craters through critical price floor—despite mounting evidence of an impending rebound. Traders left scratching their heads as the ’people’s crypto’ defies its own fundamentals.
Technical breakdown: The breach signals short-term pain, but on-chain metrics hint at accumulation. Whale wallets are loading up, and developer activity spikes—classic reversal precursors.
The irony? This dump coincides with Pi’s mainnet hitting scalability milestones that’d make legacy blockchains blush. Maybe Wall Street’s algo-traders missed the memo while rebalancing their ’diversified’ portfolios of overpriced SaaS stocks.
Pi Network price analysis. Credit: crypto.news
While short-term moving averages remain weak, longer-term trends that span 20 to 50 days show some underlying strength. The overall trend remains unclear despite some indicators showing early signs of recovery and a slightly bullish moving average convergence divergence.
Several upcoming events may shift the narrative. The project’s founder, Dr. Nicolas Kokkalis, is scheduled to speak at Consensus 2025, a major blockchain event. Rumor has it that the team may use the event to showcase a network decentralization plan. Another major update is the deactivation of the core node of the Pi Network, which indicates a MOVE toward a more open system.
Meanwhile, there is still speculation regarding possible exchange listings. Strong community support and wallet activity linked to Binance have raised expectations that PI will soon list on a major platform. Even though no formal listing has been announced, a move like this could raise liquidity.
One concern that continues to weigh on price is token supply. Over the next 12 months, an estimated 1.47 billion PI tokens are set to be unlocked. This could put downward pressure on the market if there isn’t a lot of corresponding demand. Many users are calling for a token burn, which could help ease selling pressure if implemented.
If Pi Network delivers key updates at Consensus 2025 and confirms a path toward decentralization or listings, the price could recover above $1. Failure to meet expectations may push it back toward $0.75.
