Pi Coin Price Crashes 20% in a Week! Will It Crash Below $0.60 or Bounce Back?

The Pi coin price continues to decline, losing over 4% in value and slipping under $0.70. The Pi Network faces backlash from its community, with criticism over its communication and ecosystem activity. Despite the announcement of PiFest, traders remain skeptical. Analysts predict further decline, with support near $0.60, while some still believe in a long-term recovery.

Over the past week, the Pi Coin price has dropped by 20%, and trading volumes have also crashed by 52% to $148 million. The increasing selling pressure indicates that traders are losing confidence in the Pi Network. Although PiFest saw record participation from over 125,000 sellers and 1.8 million users, many in the community remain dissatisfied.

Mining Rate Decline and Trading Activity Slowdown

The Pi Network recently reduced its base mining rate by 1.18%, bringing it down to 0.0029030 π per hour. This reduction may be causing a decline in mining interest as rewards become less attractive. Fewer incentives could lead to reduced market participation and fewer active miners.

Despite earlier talks, no real progress has been made on listing Pi on well-known exchanges like Binance and Coinbase. The BTCC exchange recently listed Pi for spot trading, but this failed to trigger a price recovery. Lacking wider adoption and additional exchange listings, liquidity continues to be a problem for investors.

Bearish Market Indicators: Pi Coin Struggles with Volatility and Selling Pressure

On April 2, the Pi coin price was volatile, opening at $0.6915 and hitting a high of $0.6918, with a small 0.04% gain. Nevertheless, the most recent statistics indicated a fall of 3.83%, which added weight to the bearish pressure in the market. The trading volume was still low at 10.23K, which reflects weak buying interest and concern about further loss of value.

Chart 1 – PI/USDT live price, published on TradingView, April 2, 2025.

Technical analysis indicates further bearish momentum. The Pi price analysis reveals that the Relative Strength Index (RSI) remained at 39.42, close to oversold levels. RSI-based moving average of 39.78, which both suggests increased volatility and downward pressure. 

Chart 2 – PI/USDT falling wedge pattern, published on Trading View, April 2, 2025.

Crypto market predictions suggest Pi is creating a falling wedge pattern, testing the lower limit around $0.687. A high volume breakout above the $0.71–$0.72 level may initiate a short-term bullish reversal. The resistance levels are anticipated to be between $0.75 and $0.78. If Pi cannot maintain support at $0.687, the price may fall to $0.60.

Can Pi Network Overcome Challenges and Regain Investor Trust?

The Pi Network is still working on growing its ecosystem, though there are significant challenges ahead. Most traders require more transparency into updates and strategic advancements to drive sustainable growth.

Future growth hinges on Pi’s ability to increase adoption and secure more exchange listings. However, crypto market predictions suggest that Pi could struggle to recover without major developments.

Final Verdict: Can Pi Coin Price Recover?

The Pi coin price is currently in a downtrend, facing weak support and increasing skepticism from investors. While some hope for a reversal, market conditions suggest that Pi price analysis remains bearish. Crypto market predictions show the possibility of going lower, with a vital support point of $0.60. The future of the Pi Network depends on whether it will recover investor trust and improve real-world usage.

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