TLDR
- Pi Network (PI) has dropped nearly 20% in the last two days, currently trading around $0.61
- Experts predict a possible 35-50% further price drop due to excessive token unlocks
- Over 100 million Pi coins will be released this month, with 1.5 billion new coins entering circulation this year
- Technical analysis shows a “falling wedge pattern” suggesting continued downward pressure
- Rumors of institutional adoption by major U.S. banks could potentially drive PI’s value to between $10-$30
Pi Network’s native token (PI) has experienced a sharp decline in recent days, dropping nearly 20% over the past 48 hours. The cryptocurrency is currently trading around $0.61, which represents a 400% decrease from its all-time high.
The token is struggling to maintain stability after recovering from its lowest-ever price of $0.38. Many crypto analysts believe this downward trend may continue.
According to crypto expert Dr. Altcoin, Pi Coin faces the prospect of declining an additional 35% to 50% from its current price level. The primary factor behind this bearish outlook is the substantial influx of new tokens entering circulation.
If you are still wondering why Pi's price is down today, it's because millions of unlocked Pi are now flooding the CEXs.
I have been saying this all along, the available circulating supply on CEXs dictates the price of Pi since:
Price = demand/supply.
Unless the PCT… pic.twitter.com/IblIpVv3Mq
— Dr Altcoin (@Dr_Picoin) April 15, 2025
This month alone, over 100 million Pi coins will be released into the market. The annual projection for 2025 indicates more than 1.5 billion new coins will enter circulation.
Supply and Demand Imbalance
The fundamental issue appears to be a classic supply and demand imbalance. With the massive token unlocks flooding the market and limited buying pressure, prices are facing downward pressure.
Many potential investors cannot even purchase Pi Coin due to its absence from major cryptocurrency exchanges like Binance and Coinbase. This limitation further restricts demand growth.
Dr. Altcoin has warned that without intervention from the Pi Core Team to control the growing supply, the price could potentially fall to $0.30 in the coming months.
Technical analysis supports this pessimistic outlook. The cryptocurrency is forming what traders call a “falling wedge pattern” on daily charts, typically indicating continued downward movement.
PI Network $PI is starting to break down from a triangle on the hourly chart.
If confirmed, the measured move is a drop to $0.56, with further support coming in at $0.54. pic.twitter.com/thG4Cf8R7H
— Trader Edge (@Pro_Trader_Edge) April 18, 2025
If this pattern plays out as expected, Pi Coin could drop to $0.402, matching its monthly low. However, a move above the resistance level at $0.78 could reverse this trend and potentially push the price toward $1.
PI Price
Technical Indicators and Trading Patterns
Current technical indicators show Pi trading at $0.6124, holding above an ascending trendline while facing resistance from the 50-period Exponential Moving Average at $0.6423.
The Relative Strength Index (RSI) sits at 41.6, indicating weak but improving momentum. This setup suggests a potential volatility breakout in the near future.
Traders are closely watching for a clean break above $0.642, which could trigger a relief rally to $0.7121. Conversely, a breakdown below $0.5522 might accelerate selling pressure and push prices toward $0.48.
The price action has compressed into a tightening triangle pattern after a 48% drop over the past month. This compression typically precedes a significant price movement in either direction.
Institutional Adoption Possibilities
Despite the current bearish sentiment, speculation about potential institutional adoption offers a glimmer of hope for Pi Network investors.
Rumors suggest that major U.S. financial institutions, including JPMorgan and Bank of America, may be exploring Pi Network for cross-border payments and Web3 integrations.
This interest follows Pi Network’s growing presence in the United States, including its affiliate status at Stanford University and a real estate partnership with Florida-based Zito Realty.
Pi’s integration with Chainlink Data Streams demonstrates its Web3 expansion efforts. The network has also established a payments gateway partnership with Banxa.
Furthermore, increasing real-world utility is evident as more merchants begin accepting PI for transactions.
Even the previously bearish Dr. Altcoin acknowledges that institutional traction could establish a price floor for Pi Network, provided its infrastructure can scale for enterprise use.
For investors, the key indicators to watch include a potential triangle breakout above $0.642, a shift in momentum as measured by the Moving Average Convergence Divergence (MACD) indicator, and any news regarding bank endorsements or technical upgrades.
