TLDR
- Pi Network (PI) is trading at $0.58, down 3.5% in 24 hours and over 10% in the past week
- Trading volume increased 35% to $128 million despite price decline, suggesting accumulation at lower levels
- Token dilution remains a challenge with 131 million tokens set for monthly release
- Technical indicators show mixed signals with RSI at 38.7 and price hugging the lower Bollinger Band
- Upcoming crypto conferences could serve as catalysts for a potential price recovery
Pi Network (PI) is currently trading at $0.58, reflecting a 3.5% decrease in the past 24 hours and more than a 10% drop over the past week. The cryptocurrency is trading about 80% below its all-time high of $2.99, showing a clear downtrend in recent market activity.
Despite this price decline, there are several indicators suggesting that a recovery might be on the horizon.
Trading volume has jumped 35% to $128 million in the last 24 hours. This increased activity during a price dip often indicates accumulation at lower levels and renewed interest in the token.
PI Price
The current price action places PI near the lower Bollinger Band, suggesting possibly oversold conditions that could lead to a bounce.
The Relative Strength Index (RSI) stands at 38.7, approaching but not yet in oversold territory. This provides room for further price movement in either direction.
Early signs of positive divergence are appearing in the Moving Average Convergence Divergence (MACD) indicator, potentially signaling a momentum shift.
Technical Resistance and Support Levels
Analyst Trader Edge on X says – PI held strong at the key $0.50 support on Saturday, backed by a surge in buying volume. Bulls now eye the Point of Control at $0.65 — the biggest resistance zone with the highest volume since launch.
A flip to support here could open the door to targets at $0.85, $1.23, and $1.55. Continued market strength will be crucial for a sustained rally.
PI Network $PI bounced off key support at $0.50 on Saturday with strong buying volume.
Bulls need to flip the Point of Control (highest volume since launch) at $0.65 into support for more upside.
This should open the door to higher targets – $0.85, $1.23, and $1.55 🚀 pic.twitter.com/xt9PPWMdVm
— Trader Edge (@Pro_Trader_Edge) April 30, 2025
Pi Network faces strong resistance at the 50-day simple moving average of $0.82. Breaking above this level would be a key technical achievement that could signal a trend reversal.
The current support levels appear to be around $0.55, with further support at $0.45 if selling pressure continues. These levels will be crucial to watch in coming days.
For a meaningful recovery to take place, PI would need to breach the $0.8727 resistance level and transform it into support. This would open the path toward the psychologically important $1.00 mark.
Short-term moving averages, including the 10-day and 20-day, continue to show a bearish trend, adding to the current technical pressure on the price.
Token Dilution Challenges
One of the main challenges facing Pi Network is token dilution. In April alone, 21.4 million new tokens worth approximately $12.3 million entered circulation.
An estimated 131 million tokens are expected to be released monthly over the next year, putting consistent downward pressure on the price without corresponding demand growth.
The Pi Foundation currently controls over 70 billion PI tokens valued at more than $40 billion. A strategic token burn could help address dilution concerns and potentially support the price.
Implementing fee-burning mechanisms could also provide a sustainable approach to managing token supply over the long term.
Pi Network’s inverse correlation with Bitcoin (-0.11) presents another challenge, as Bitcoin’s continued rise toward $100,000 could place additional pressure on PI’s price.
Upcoming Catalysts for Price Movement
May 2025 features two major crypto events that could serve as catalysts for Pi Network’s price:
Token 2049, where Pi Network is a sponsor and co-founder Nicolas Kokkalis will have opportunities to connect with major exchanges like Binance, HTX, and KuCoin.
The Consensus Summit scheduled for May 14-16, which could provide a platform for important announcements or partnerships.
These conference appearances give the Pi Network team chances to address fundamental issues and potentially announce new exchange listings or partnerships.
Price Scenarios for May 2025
Several price scenarios are possible for Pi Network in May 2025:
In a bearish case, failure to break above key moving averages could see prices fall to the $0.45-$0.55 range.
A neutral scenario would involve sideways trading between $0.59-$0.67 if market sentiment remains mixed.
The bullish case involves breaking above the 50-day SMA, potentially pushing prices toward $0.85-$0.90, with some analysts targeting $1.70 by mid-May.
For Pi Network to achieve sustainable growth, market experts suggest it needs to expand its exchange listings to increase liquidity.
Developing practical real-world applications would help drive actual utility and demand for the token. Implementing balanced tokenomics that address the dilution issue will be essential for long-term price stability.
Creating integrations with DeFi platforms and retail sectors could expand the ecosystem and use cases.
