Pi Network Price Faces Make-or-Break Moment — Can Pi Bulls Regain Control?

Facing significant challenges, the Pi Network price has dropped 2.2% to around $0.605. This considerable decline occurs amid broader crypto market instability and recent Pi Network news regarding increasing worries about the network’s tokenomics. Following a short recovery attempt that pushed its value to $0.7822, Pi Coin entered a bearish phase marked by lower highs and lower lows. Experts caution that further downside is possible without major shifts in market dynamics.

The current imbalance between supply and demand contributes to the bearish sentiment for Pi. The planned release of over 1.5 billion Pi tokens this year has sparked concerns about supply inflation. This is especially the case because Pi remains absent from major exchanges like Binance and Coinbase. The Pi Coin price struggles to find upward momentum, with resistance around the $0.63 to $0.66 zone. Technical indicators point to temporary bullish signals that fail to reverse the dominant downward trend.

Pi Coin Price Analysis: Are the Charts Signaling More Downside?

Technical metrics present a challenging short-term outlook for the Pi Network project. After falling below the crucial $0.71 support level, Pi Coin continued to drop. It found temporary support near the $0.595 to $0.605 area, a zone tested multiple times. This level, however, remains vulnerable, and breaking it would likely cause a drop toward $0.55 or $0.52. Such a move could signal a full breakdown of the Pi Network price and market structure.

Chart 1 – Provided by Bitcoinwallah, published on TradingView, April 17, 2025.

The Money Flow Index on the 4-hour chart (Chart 1) is at 23. This suggests persistent selling pressure, with the token close to oversold conditions. Similarly, the Accumulation/Distribution (A/D) indicator shows a steady decrease, signaling weak investor confidence and minimal buying. These indicators point to the dominance of bearish market forces.

Can Pi Network Reverse Course? Examining Short-Term Bullish Signals

Despite the overall downward trend affecting the Pi Network price, not all indicators suggest further decline. The Relative Strength Index (RSI) entered oversold levels twice, prompting brief price recoveries for Pi. Golden cross formations on the MACD indicator also hinted at temporary positive market momentum. Nevertheless, these upward movements have been short-lived, frequently stalling near the downward-sloping resistance line.

The RSI indicator currently fluctuates near 53, signaling neutral short-term sentiment for the Pi Coin price. However, these signals might be insufficient to alter the broader market sentiment without a solid break above $0.66. Trading volume is crucial here, as upward price action without substantial volume will likely fail to overcome established resistance zones.

What Fundamental Issues Affect the Pi Network Price?

Pi Coin’s underlying economic model presents a considerable obstacle. As highlighted in Pi Network news, the planned unlocking of over 1.5 billion Pi tokens this year creates a substantial threat of supply inflation. This new supply could easily overwhelm demand, particularly since this cryptocurrency lacks listings on key trading platforms. This limited availability limits access for potential new buyers, reducing the chances of offsetting the increased supply.

A lack of transparency from the Pi Core Team significantly harms market sentiment as well. Details about Pi’s economic structure and future development plans remain unclear. Growing community dissatisfaction regarding irregular updates fuels skepticism about the project’s long-term viability. These worries, driven by a lack of positive Pi Coin news, will likely persist without strategic adjustments.

What Catalysts Could Drive a Pi Coin Price Recovery?

Although Pi Coin’s immediate technical outlook appears bearish, potential strategic developments offer some hope. Key potential catalysts include the introduction of a token burn mechanism or securing listings on major exchanges. These measures could help stabilize the Pi Network price by limiting supply and expanding demand.

Market participants should closely watch the $0.595 support and $0.71 resistance levels. A decisive break beyond either boundary, supported by trading volume, could clarify Pi’s next price direction. Until then, caution is advised as this cryptocurrency navigates a pivotal moment.

The post Pi Network Price Faces Make-or-Break Moment — Can Pi Bulls Regain Control? appeared first on Coinfomania.