Pi Network : Sellers Push PI Price to Unprecedented Lows

Pi Network is wavering under selling pressure! With enthusiasm fading, the PI price is dangerously dropping. Can a rebound still occur, or is the cryptocurrency destined to sink? Analysis.

Written by Hugo Le follézou

Translated on April 2, 2025 at 12:46 by Sarah

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Pi Network Under Pressure : An Inevitable Collapse ?

Most cryptocurrencies are experiencing a positive session today. However, Pi Network, the flagship project of the cryptosphere, is struggling in rough waters. The native token of the Pi network has already lost 3% of its value in the last 24 hours, drifting further away from its all-time high.

Pi Network is adding email-based two-factor authentication to the overall account management and verification. https://t.co/UeoJ0F8H17

This change addresses challenges with current SMS (text message) account verification, improves security, and lays the groundwork for future…
— Pi Network (@PiCoreTeam) March 29, 2025

This decline comes just days after the project strengthened its identification protocols (KYC). Specifically, it now requires an email address to enable two-factor authentication (2FA) on its mobile application. This decision has been criticized by the crypto community, seeing it as a new breach of the cherished anonymity in the industry.

Moreover, Pi has been scrutinized for unilaterally imposing a strict KYC process on its users to migrate their PI tokens to the public network. Additionally, Pi is now facing allegations from influential figures in the sector who consider it a scam. An accumulation of negative factors that has heavily weighed on its price.

Investors Fleeing Pi : How Far Can the Fall Go ?

The technical analysis of the hourly PI chart on the OKX platform shows a relentless drop. The token is now only 14.9% away from its all-time low of $0.6152 recorded last February 20th.

Source: Crypto News

A closer look at the price evolution reveals that PI briefly found support around $0.6800. However, the momentum indicators are already weakening, indicating that this rebound was short-lived.

While the overall market is bullish today, PI sellers took advantage of this calm period to take their profits. Nevertheless, the token still needs to rise by 6.3% to hope to reverse its downtrend.

pi network price technical analysis crypto

Source: Crypto News

A Fibonacci levels study shows that bears were trapped by a false rebound, as the token surpassed the 61.8% threshold before collapsing. This scenario significantly increases the chances of PI reaching a new all-time low. The next support zone to watch will be the $0.6800 level. If this line does not hold, nothing will prevent the token from plummeting to its absolute lowest.

The Right Time to Buy Pi on Weex ?

While the Pi Network‘s fall worries many investors, others see it as a golden opportunity. Buying an asset when it reaches an all-time low can be a profitable strategy, provided you analyze the risks carefully. With a possible stabilization and a potential rebound, some traders are taking advantage of the dip to accumulate tokens at discounted prices. Weex offers a reliable and optimized platform for those looking to seize this opportunity and invest in PI.

Open a Weex account and get 10 USDT !

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Hugo Le follézou

Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.

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