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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundaryโ€ฆconnect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

    • 2 minutes read

    Pi Network News: Can Pi Recover from Its 61% Crash or Will Investors Flee?

    • currency-symbol PI $ 0.7051 (-7.71%) top looser
    Story Highlights
    • Pi Network's price has plummeted, facing significant headwinds from KYC issues, network instability, and negative market sentiment.

    • Despite Telegram integration, Pi Network struggles to overcome a strong bearish trend with low investor confidence.

    • Pi Network's future hinges on breaking key resistance levels and sustained RSI improvement to avoid further price declines.

    Pi Network has been struggling, and nothing seems to be working in its favor. From KYC controversies to network issues and lackluster updates, the project has been surrounded by setbacks. After all the initial hype, its price has now dropped over 61% in just a month, leaving investors disappointed. Even its recent integration with Telegramโ€™s Crypto Wallet failed to spark any real buying momentum.

    With the token stuck in a bearish trend and investor interest fading, the big question is: can Pi break free from this downtrend, or is more trouble ahead? Letโ€™s take a closer look at whatโ€™s happening.

    Telegram Integration Fails to Lift Pi

    Many expected Piโ€™s partnership with Telegramโ€™s Crypto Wallet to trigger a price rally, but that hasnโ€™t happened. Instead, the token has remained under selling pressure, unable to gain upward momentum.

    One key indicator, the Bollinger Band Trend (BBTrend), has been negative for 12 straight days, currently sitting at -22.34. A negative BBTrend shows that sellers are in control, and the further it moves away from zero, the stronger the downtrend becomes.

    Investor Confidence Remains Weak

    Despite the Telegram announcement, investor interest has not been strong enough to reverse the decline. The market remains cautious, and without a major push from buyers, Pi could continue to slide. Many had also hoped that a listing on Binance would drive the price higher, but so far, that expectation has not materialized. As a result, the selling pressure on Pi remains high.

    Signs of Recovery Appear, But Uncertainty Remains

    There is a small sign of improvement, as Piโ€™s Relative Strength Index (RSI) has risen from an oversold level of 23.8 to 40.45. The RSI is used to measure whether an asset is overbought or oversold. When the RSI is below 30, it suggests extreme selling pressure. While Pi has moved out of this danger zone, its RSI is still below the neutral 50 mark, meaning buyers remain hesitant.

    For a true shift in momentum, Piโ€™s RSI would need to rise above 50. Until that happens, the token is more likely to continue trading sideways or even drop further.

    Key Levels to Watch for PI Price

    Pi Network is currently testing an important support level at $0.718. If this level fails, the next major support sits at $0.62, which could act as a temporary floor. However, if selling pressure increases, Pi could fall even lower.

    On the upside, if Pi starts gaining momentum, the first major resistance to break is at $1.05. If the token successfully moves past this level, it could climb to $1.23, and with further bullish momentum, it might even reach $1.79.

    For now, Pi remains in a downtrend with no strong signs of recovery. Unless a major catalyst sparks demand, the tokenโ€™s struggle may not be over yet. Investors will need to watch for any potential developments that could shift sentiment or prepare for further declines.

    Crypto markets love a good plot twist, but for now, Pi Networkโ€™s story feels stuck in a loop. Until something changes, the wait continues.

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    FAQs

    Why is Pi Network price dropping?

    Pi Network price is down due to weak investor interest, KYC issues, network problems, and failure to gain momentum despite Telegram integration.

    Is Pi Network getting listed on Binance soon?

    Thereโ€™s no confirmation of a Binance listing yet, and without it, Pi struggles to gain investor confidence or price momentum.

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