TLDR
- Pi Network’s price has dropped 20% in the last two days, currently trading around $0.61
- Experts predict a potential 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 potential institutional adoption by major U.S. banks could drive future prices between $10-$30
Pi Network’s cryptocurrency has faced significant downward pressure in recent days. The digital asset has shed nearly 20% of its value over the past 48 hours, erasing most gains it had made after rebounding from its all-time low of $0.38. The coin currently trades around $0.61, representing a 400% decrease from its peak price.
This decline has caught the attention of market analysts who are now projecting an even steeper drop. Several experts, including Dr. Altcoin, suggest Pi Coin could fall by an additional 35% to 50% from current levels.
The main factor driving this bearish outlook is the substantial token unlock schedule. April alone will see over 100 million new Pi coins enter circulation, part of a larger release of 1.5 billion tokens planned for this year.
Such massive supply increases typically put downward pressure on prices, especially when not matched by growing demand. Dr. Altcoin has warned that without intervention from the Pi Core Team to control supply growth, prices could plummet to $0.30 in coming months.
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
Supply and Demand Imbalance
The fundamental challenge facing Pi Network stems from basic economic principles. The marketplace is experiencing a severe imbalance between token supply and buyer demand.
With millions of new tokens flooding the market each month, selling pressure continues to build. However, demand remains constrained by limited exchange listings.
Pi Coin has yet to secure placements on major cryptocurrency exchanges like Binance or Coinbase. This absence from popular trading platforms restricts accessibility for potential buyers and suppresses demand growth.
The current market dynamics create a perfect storm for price depression. Token holders looking to sell face a limited pool of buyers, forcing prices lower to attract transactions.
Technical analysis of price charts reveals a concerning pattern. Pi Network appears to be forming what traders call a “falling wedge pattern,” which typically signals continued downward momentum.
If this pattern plays out as expected, Pi could test support levels around $0.402, representing the monthly low. Breaking below this threshold could trigger accelerated selling.
Potential Solutions
Market observers have proposed several possible remedies to address Pi Network’s price challenges. One common suggestion involves token burningâthe permanent removal of coins from circulation.
The Pi Foundation currently controls over 70 billion coins. Even a modest reduction in this reserve through burning could help alleviate selling pressure and support price stability.
Another approach gaining traction proposes burning a portion of transaction fees collected from Pi’s app ecosystem. This method, already implemented by several successful blockchain projects, provides a sustainable mechanism for managing token supply.
Recent price action shows Pi failing to break through the $0.78 resistance level last week. This technical rejection preceded the current 20% decline, reinforcing the importance of this price ceiling.
Technical Picture
Looking at shorter timeframes, Pi Network is showing signs of price compression. The token is currently trading at $0.6124, holding above an ascending trendline while facing resistance from the 50-period Exponential Moving Average (EMA) at $0.6423.
The Relative Strength Index (RSI) reads 41.6, indicating weak but potentially improving momentum. This technical setup suggests an upcoming volatility breakout.
Traders are watching for a decisive move above $0.642, which could trigger a relief rally toward $0.7121. Conversely, a breakdown below $0.5522 might accelerate selling pressure toward the $0.48 region.
Volume patterns will be crucial in confirming any breakout direction. Increasing trading volume accompanying a price move typically validates the strength and sustainability of the trend.
Institutional Adoption Possibilities
Despite the bearish short-term outlook, longer-term prospects for Pi Network contain potential bright spots. Market rumors suggest several top-tier U.S. banking institutions, including JPMorgan and Bank of America, may be exploring Pi Network technology for cross-border payments and Web3 integrations.
These rumors gain credibility from Pi Network’s growing U.S. presence, including its affiliate status at Stanford University and real estate partnerships with Florida-based Zito Realty.
Web3 data analyst Grok3 suggests PI could reach between $10 and $30 if institutional usage materializes. This growth thesis draws support from several recent developments, including Pi’s integration with Chainlink Data Streams, partnership with payment gateway Banxa, and increasing merchant acceptance.
Even crypto strategist Dr. Altcoin acknowledges that institutional adoption could establish a price floor for Pi Network, provided its infrastructure can scale to meet enterprise requirements.
For now, Pi Network finds itself at a technical crossroads. Short-term sentiment remains weak, though early signs of recovery are emerging. Traders are closely monitoring for a potential triangle breakout above $0.642, which would confirm a trend reversal.
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
The next key catalyst may come from the adoption front, with potential bank endorsements or technical enhancements serving as pivotal factors in Pi’s price trajectory.
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