TLDR
- Pi Network (PI) has fallen 54% in the past week, dropping from a peak of $1.61 to around $0.71
- Technical analysis shows PI consolidating under the $0.75 resistance level after rebounding from $0.66
- A $100 million ecosystem fund was announced but met with mixed reception
- Some analysts project potential gains up to 250% despite recent price collapse
- Community trust issues have emerged amid allegations of insider token movements
Pi Network (PI) has experienced a dramatic price decline, dropping 54% in the past week. This significant fall makes it the worst-performing cryptocurrency among the top 100 assets during this period.
The price action has been volatile. PI surged from $0.78 on May 11 to $1.61 on May 12, marking a 106% increase within 24 hours.
This rally was primarily driven by anticipation surrounding Pi Network’s scheduled appearance at Consensus 2025 and hints of a major ecosystem update.
However, the momentum quickly reversed. Following the May 14-15 announcement of a $100 million ecosystem fund, sentiment shifted negatively.
Pi Network Ventures has officially launched—a $100 million initiative, held in Pi and USD, to invest in startups and businesses that advance the utility and real-world adoption of Pi. Go to the Pi mining app home screen to learn more.
This strategic program intends to invest in… pic.twitter.com/XoRy7jQGcJ
— Pi Network (@PiCoreTeam) May 14, 2025
By May 18, the price had fallen to $0.68, representing a nearly 58% drop from the May 12 peak. As of May 19, PI trades around $0.71, showing a modest 4.4% recovery from recent lows.
Currently, Pi Coin is encountering resistance around the $0.75 mark, having failed multiple times to break through the $0.752–$0.754 barrier.
Technical Analysis Points to Potential Breakout
Technical indicators suggest PI might be preparing for a significant price movement. A symmetrical triangle has formed on the 4-hour chart, indicating tightening consolidation below a descending trendline from the recent local high near $1.39.
This pattern, combined with compressed Bollinger Bands and falling trading volume, suggests an imminent breakout could occur within the next 24 to 48 hours.
The price is currently caught between rising support at $0.71 and resistance at $0.75. A bullish breakout above $0.754 could send Pi Coin toward $0.80 or even $0.90.
Conversely, failure to hold above $0.707 might push the price back to the $0.685–$0.673 support zone.
Short-term technical indicators remain neutral. The RSI (Relative Strength Index) on the 30-minute chart hovers at 47.8, just below the neutral 50 mark.
The MACD histogram remains flat, suggesting a market in wait-and-see mode.
Ecosystem Developments and Community Concerns
Pi Network’s recent announcements have created more questions than answers for many in the community. The team completed the shutdown of its last remaining central node as part of the Horizon upgrade, framed as a step toward decentralization.
The main announcement on May 14 was the launch of Pi Network Ventures, a $100 million investment fund aimed at supporting ecosystem development. The team also introduced the concept of an “ownerless” Pi Foundation for long-term governance.
While structurally important, neither initiative included a timeline for the launch of widely usable applications. This has frustrated users who have been mining Pi for years with expectations of real-world usage.
The past week has seen a visible breakdown in trust within the Pi user base. As the price corrected, community sentiment across platforms like Discord and X turned openly critical.
Fresh allegations emerged on May 17 when a Pi-focused community analyst posted blockchain screenshots claiming that a Pi core team-linked wallet moved 12 million PI tokens around the time when the token reached its recent high.
In the last 24 hours alone, PCT sold approximately 12 million Pi! @PiCoreTeam@nkokkalis @Chengdiao pic.twitter.com/TdzF8ucdtX
— Dr Altcoin (@Dr_Picoin) May 17, 2025
Though unverified, these claims suggested possible insider token sales during a period when community focus was on project announcements.
Analyst Predictions Remain Surprisingly Bullish
Despite recent negative developments, analyst predictions for Pi Network remain optimistic. According to CoinCodex, Pi is forecasted to climb to $0.947 over the next five days, marking a 33.4% rise from current levels.
The 1-month prediction points to a target of $2.38, a 235% increase from the current price. The 3-month projection is slightly higher at $2.51, representing a 253.5% potential gain from $0.71.
CoinCodex’s longer-term outlook shows possible trading ranges between $0.728 and $3.43 for both 2025 and 2026. If PI were to reach $3.43, this would represent a 382% gain from today’s value.
DigitalCoinPrice offers a more conservative forecast. For 2025, it projects Pi’s average price at $1.44, with a potential peak of $1.56, approximately a 119.7% rise from current levels.
In 2026, its estimated maximum is $1.84, a 159% increase from today. The platform expects continued growth through 2030, with Pi potentially reaching up to $3.90 by the end of the decade.
These projections are heavily dependent on progress in network utility, exchange listings, and user adoption. However, Pi Network still lacks a fully operational trading ecosystem, making any forecast uncertain.
Pi Network price must break above the $0.78-$0.80 resistance zone to unlock the potential for further gains.
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