Pi Network’s native token is undergoing a turbulent phase. Currently trading at $0.4710, the coin has recorded a 2.7% drop overnight and a 14.7% decline in the past 7 days. Its market cap stands at $3.59 billion, with a 24-hour trading volume of $82.73 million, up 2.87%, suggesting heightened market activity amid sell-offs.
The sharp price correction is largely attributed to recent token unlock events, with 270 million Pi tokens released, causing a supply shock. Additionally, over 6 million Pi worth $2.8 million was moved to exchanges within 24 hours, increasing sell-side risk. Both RSI and MACD indicators suggest bearish momentum may persist in the short term.
Interestingly, amid this volatility, the Pi mining rate has seen a modest 0.93% increase, rising from 0.0029887 to 0.0030165 Pi per hour, indicating a network still growing in user engagement. But does that signal a path to $1 in 2025? Let us understand the dynamics in this Pi price analysis.
On the daily chart, Pi Network continues to trade below the middle Bollinger Band and the 20-day SMA. The upper band at $0.6099 and the lower band at $0.4514 form a tight squeeze, typically signaling an incoming volatility spike. However, the price remains pinned near the lower band at $0.4708, suggesting bearish dominance.
The RSI stands at 34.94, below the neutral 50 level, indicating the asset is approaching oversold territory but lacks bullish divergence. Despite the increasing 24-hour volume, the price has failed to bounce meaningfully, which is a classic sign of distribution rather than accumulation.
In summary, unless a major fundamental catalyst like the Open Mainnet launch or a utility-driven adoption spike emerges, Pi’s outlook remains neutral-to-bearish. A sustained reclaim of $0.53 which is at mid-Bollinger would be the first bullish trigger, followed by a breakout toward $0.61 and then $0.70 before even entertaining the possibility of a $1 breakout.
Also read: Pi Network Price Prediction 2025, 2026-2030!
Due to a large token unlock and $2.8 million in tokens moved to exchanges, sparking heavy sell pressure.
Yes, mining activity increased by 0.93%, reflecting ongoing user engagement and network expansion.
It’s possible, but only if major adoption, Open Mainnet launch, or strong utility drivers shift momentum bullish.
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