As the PI price struggles to hold onto the $0.61 support level, investors are questioning whether Pi Network is on the brink of a dramatic rebound or another decline. Stay tuned for the in-depth analysis.
For the past few weeks, the PI token price of Pi Network has been hovering around a critical threshold of $0.61. For many crypto analysts, this zone constitutes a major technical support level. It is further reinforced by consolidation in the $0.60 to $0.65 range.
Flip side of the situation: despite a 5.2% increase in the last 24 hours and a 6.9% rise in trading volume to $139.4 million, the trend remains uncertain.
Pi Network is currently trading below its moving averages:
Staying below these thresholds suggests a lack of sustainable upward momentum.
However, the Bollinger Bands are showing a tightening, which could indicate an imminent price movement. Breaking through the technical resistance at $0.65 could potentially open the way to the key level of $0.70.
The RSI of Pi Network is currently at 42.7. It remains below the 50 mark but above the oversold zone. This reflects an uncertain market where buyers are starting to regain ground without having yet reversed the dominant trend.
The MACD, on the other hand, indicates a potential buying opportunity. That said, the lack of confirmation on other fronts leaves room for doubt.
Regarding the overall sentiment, caution prevails in the crypto market even though long-term forecasts are optimistic. In this regard, CoinCodex anticipates a potential 227% increase in the PI price, reaching $2.02 by the end of May.
Beyond the technical aspect, the future of Pi Network also hinges on its fundamentals.
To date, over 12 million users have been migrated to the mainnet. However, the mainnet migration is not yet finalized. To support this approach, the leadership team has unveiled a roadmap that prioritizes:
For now, no precise timetable has been provided.
Another factor not to overlook is token supply. Out of the planned 100 billion, only 6.7 billion are in circulation. With around 130 million new tokens expected monthly this year, the risk of dilution is real if demand does not keep pace.
Nevertheless, significant events could revitalize the Pi Network ecosystem. These include founder Nicolas Kokkalis’ speech at Consensus 2025 this month. Announcements regarding new dApps or the validation of “Know Your Business” certificates could also act as catalysts.
In any case, Pi Network seems to be at a crossroads today. Bullish signals are emerging cautiously, but fundamental pressure remains strong. The coming weeks will be decisive, both technically and in terms of blockchain development.
Léa is a member of the InvestX team, dedicated to guiding users through their learning journey. Passionate about cryptocurrencies, she closely follows market trends. On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
