Altcoins News
By Dan Saada
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The Pi Network has once again become a hot topic in the crypto world after its native token plunged below the $1 mark.
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As of mid-May 2025, Pi’s price has dropped more than 30 percent from its recent high, entering what appears to be a consolidation phase.
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Much of the recent price action was influenced by the declaration of a $100 million fund aimed at supporting projects within the Pi Network ecosystem.
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Technically speaking, Pi is now trading in a highly sensitive zone. After facing multiple rejections near the key resistance range of $1.21 to $1.
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The Ichimoku Cloud indicator also paints a mixed picture. The base and conversion lines have converged, typically a sign of upcoming volatility.
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At present, Pi appears to be moving within a broad testing range between $0.60 and $1.00. Unless the price finds a stable support level soon, there is a risk of further declines.
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Despite the current uncertainty, long-term prospects for the Pi Network still hold potential.
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Moreover, with the broader crypto market entering a phase of stabilization after its recent bull run, altcoins like Pi are expected to experience increased scrutiny.
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In the short term, traders and investors should keep an eye on key technical levels. Support remains at $0.60, while resistance lies between $1.10 and $1.28.
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In conclusion, the recent drop below $1 is not necessarily the end of the road for Pi Network.
The Currency Analytics
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