A storm is brewing for Pi Network (PI), as the once-hyped token slumps another 15% in just seven days. With bearish technicals stacking up and investor confidence wavering, the big question now is: how much further can it fall?
Expert Weigh-In: A Ticking Clock Without a Compass?
According to blockchain analyst Marissa Feng of ChainSignal Research, Pi Network’s situation mirrors early-stage projects that over-promised but under-delivered.
“We’re looking at a project still in pseudo-beta with no clear token utility, no verified mainnet activity, and full reliance on future speculation,”
she said. Feng emphasized that the lack of exchange listings, opaque governance, and looming supply dilution creates a toxic mix for price stability.
“Unless Pi Network shifts from a community experiment to a fully operational chain with real use cases and transparency, it risks fading into the crypto graveyard, not because it didn’t have potential, but because it failed to act on it,”
She warned.
Pi Network Price Performance: Week in Review
| Date | PI Price | % Change (7D) | 24H Volume | Market Sentiment |
|---|---|---|---|---|
| May 30 | $0.68 | –15.4% | $8.3 million | Bearish |
| May 23 | $0.80 | – | $10.5 million | Neutral |
| May Peak | $1.13 | –40% (M/M) | $18.7 million | Cautious |
| February ATH | $2.92 | –76.7% (3M) | $51.2 million | Bullish (then) |
“The technicals are screaming caution, and with supply pressure on the horizon, this selloff might just be getting started,” said analyst Daniel Kyte from GlobalBlock.
Technical Indicators Spell Trouble
Pi Network’s technical setup paints a bleak picture:
RSI (Relative Strength Index) has dropped below 50, signaling weakening bullish momentum.
MACD (Moving Average Convergence Divergence) remains below the signal line, confirming bearish dominance.
ADX (Average Directional Index) is at 29.9, suggesting the downtrend is not only intact but strengthening.
PI trades well below its 10, 20, 50, and 100-day EMAs and SMAs, a classic red flag for momentum traders.
And to make matters worse, there’s no strong reversal pattern in sight.
Upcoming Token Unlocks Add Fuel to the Fire
June could get even rockier. Nearly 263 million PI tokens are set to be unlocked next month, followed by another 233 million in July and 132 million in August.
Historically, such unlocks lead to increased sell-side pressure, especially when market sentiment is fragile.
“Without meaningful demand to absorb these unlocks, price erosion is inevitable,” warned crypto strategist Elena Harper in an X thread.
Centralization Concerns Shake Investor Confidence
One of the biggest red flags for PI investors remains centralization.
Data shows the Pi Foundation controls roughly 92 billion PI tokens, with very little public clarity on how and when those might be used. Critics argue this setup gives the foundation overwhelming control, a far cry from the decentralization ethos of crypto.
“This looks more like a private ledger dressed in public chain clothing,” a Reddit user remarked, echoing widespread skepticism across crypto forums.
Support Levels and What Comes Next
| Price Level | Significance |
|---|---|
| $0.60 | Minor support |
| $0.50 | Psychological floor |
| $0.75–$0.78 | Key resistance |
If PI breaches the $0.60 support decisively, the next leg down could lead to a test of the $0.50 psychological zone. Conversely, bulls will need to reclaim $0.75–$0.78 to even hint at a recovery.
Can PI Recover or Is It Heading for Oblivion?
With bearish technicals, massive token unlocks, and shaky investor trust, Pi Network is staring down a steep hill. While some holders cling to long-term faith in the project’s vision of mobile mining and inclusive crypto adoption, the near-term path is paved with potholes.
Unless the network surprises with a major catalyst, such as a real mainnet launch, key partnerships, or actual exchange listings, the slide could continue.
“It’s a speculative bet, not an investment at this point,” said one early supporter who recently exited their position.
FAQs
What is the current price of Pi Network (PI)?
As of May 30, 2025, PI is trading at approximately $0.68, down over 15% in the last week.
Why is Pi Network dropping?
The decline is driven by bearish technical signals, large upcoming token unlocks, and concerns about centralization.
Is PI listed on major exchanges?
No, Pi Network remains largely unlisted on major centralized exchanges, which limits liquidity and price discovery.
What could reverse the trend?
A mainnet launch, improved tokenomics, or listings on leading exchanges could improve sentiment and price action.
Glossary of Key Terms
RSI: A momentum indicator that measures overbought or oversold conditions.
MACD: A trend-following momentum indicator using moving averages.
Token Unlock: A scheduled release of tokens into circulation.
Centralization: Concentration of control or supply, which can undermine decentralization.
ADX: Measures the strength of a trend, rising ADX implies a stronger trend.
Sources and References
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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