TLDR
- Pi Network (PI) currently trades at $0.5832, down 10% over the past week and 80% below its all-time high of $2.99
- Trading volume increased 35% to $128 million in the last day despite price decline
- Technical indicators show mixed signals with RSI at 38.7 and price hugging the lower Bollinger Band
- Token dilution is a major challenge with 131 million tokens set for monthly release over the next year
- Breaking above the 50-day SMA ($0.82) could signal a reversal toward $0.85-$0.90
Pi Network (PI) is currently experiencing downward pressure, trading at approximately $0.5832 and following a declining pattern that has seen the cryptocurrency drop over 10% in the past week. This places the token roughly 80% below its all-time high of $2.99, raising concerns among investors about its short-term prospects.
Despite the price decline, trading volume tells a different story. PI’s trading volume surged by nearly 35% over the last day, exceeding $128 million. This uptick in activity suggests traders are paying attention to the token once again, potentially signaling an upcoming significant price movement.
$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
Token Dilution Challenges
One of the most pressing challenges for Pi Network is token dilution. April saw the release of 21.4 million new tokens valued at approximately $12.3 million.
An estimated 131 million tokens are scheduled for monthly release over the next 12 months. Without increased demand or strategic action from the team, this gradual supply increase could continue to suppress prices.
The Pi Foundation currently holds over 70 billion PI tokens, valued at more than $40 billion. A targeted token burn could help address dilution concerns and potentially support the price.
Alvin Kan, Bitget Wallet COO, noted that Pi Network’s initial momentum has diminished. For sustainable growth, the project needs to expand exchange listings, develop practical real-world applications, implement balanced tokenomics, and create integrations with DeFi and retail sectors.
Another challenge is PI’s inverse correlation with Bitcoin (-0.11), meaning Pi’s price could face additional pressure as Bitcoin continues its climb toward $100,000.
May 2025 Outlook
May could prove pivotal for Pi Network with two major industry events on the horizon: Token 2049 and the Consensus Summit (May 14-16).
Pi Network and co-founder Nicolas Kokkalis, who sponsors Token 2049, will have opportunities to connect with major exchanges including Binance, HTX, and KuCoin.
These conferences could provide the platform needed to address fundamental issues and spark a potential price recovery.
In a bearish scenario, failure to break above key moving averages could see prices fall to the $0.45-$0.55 range. A neutral case might involve sideways trading between $0.59-$0.67 if market sentiment remains mixed.
The bullish case would see a break above the 50-day SMA pushing prices toward $0.85-$0.90, with optimistic analysts targeting $1.70 by mid-May.
Some traders believe a break above $0.8727 would signal a possible trend reversal. However, without improvements in utility and exchange accessibility, token unlocks will continue to challenge price growth.
The coming weeks will be crucial for determining whether Pi Network can overcome current resistance levels and begin a recovery phase.
Trading volumes suggest renewed interest in the token, but breaking above the 50-day moving average would provide the first concrete indication that strength is returning to Pi Network.
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