Altcoins News
By Steven Anderson
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Pi Network’s native token is currently experiencing a period of high volatility and downward pressure. As of now, the token is trading at $0.4710, down 2.
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The recent correction in Pi’s price can largely be attributed to a major token unlock event. Around 270 million Pi tokens were released into circulation, creating a supply shock.
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From a technical standpoint, bearish momentum is clearly dominating. On the daily chart, Pi is trading below the 20-day Simple Moving Average (SMA) and the mid-Bollinger Band,…
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Momentum indicators also support a bearish outlook. The Relative Strength Index (RSI) sits at 34.94, below the neutral 50 mark and approaching oversold territory.
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Despite the price decline, there are still signs of underlying network activity. The Pi mining rate has risen slightly by 0.93%, from 0.0029887 to 0.0030165 Pi per hour.
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In terms of recovery levels, the key price to watch is $0.53, which represents the middle of the Bollinger Band and an area of short-term resistance.
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Looking ahead to the rest of 2025, Pi reaching $1 remains a possibility, but only if several conditions align.
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For now, the outlook remains neutral to bearish. While the Pi community continues to grow, and institutional interest in cryptocurrencies remains strong, the near-term technicals…
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