The Pi Coin collapse raises concerns among investors. Following a speculative frenzy, the aftermath is bitter for Pi Network crypto. With a 17% decline, the mining crypto loses appeal. Structural deficiencies are impacting the project's downfall.
The slowdown of Pi Coin, with a drop of over 17% in its value within 3 hours, raises serious questions. After igniting the market, the Pi Network crypto struggles to maintain its initial momentum.
— Crypto Sat (@cryptosatred) March 18, 2025
$PI is currently trading within a falling wedge on the 4H chart, a pattern often associated with bullish reversals!
The price has been in a steady decline, forming lower highs and lower lows inside the wedge.
Concerned investors demand more transparency from the development core. The absence of a roadmap for the decentralized mainnet launch is creating tensions. With no clear perspective, uncertainty about the next steps undermines market confidence.
Unless the $Pi Core Team steps up and makes changes to restore public trust this week, $Pi is likely to crash below $1 next week.#PiNetwork pic.twitter.com/k6Wb4gvc65
— ℒ𝑜𝓇𝒹 𝒯ℳ π(Ø,G) (@tmseedbeibe) March 17, 2025
Frustration is growing among early Pi miners. Some openly question the progress made after 6 years of R&D. The lack of tangible deliverables and opacity around key project investors fuel discontent.
“Unless the main $Pi team intervenes and makes changes to restore public confidence this week, $Pi is at risk of collapsing below $1 next week,” stated @Tmseedbeib on Twitter.
If the Pi Network wants to revitalize its cryptocurrency, it must meet the pressing expectations of investors. According to analysts, some priority actions are necessary:
These measures could restore credibility to the protocol and halt the decline of Pi Coin. However, a recent analysis predicts a 300% rebound if the crypto is listed on Binance in the short term.
The Pi Network stands at a crossroads. Its future will depend on its ability to restore transparency and establish a clear roadmap. A challenging road still lies ahead for this controversial cryptocurrency.
This $PI Power of Three (PO3) could be what sends it to new highs!
— Coinvo (@ByCoinvo) March 17, 2025
In conclusion, PI seems to be heading towards the next demand zone and support at around $0.78. Conversely, ConVo analysts believe it shows a PO3 pattern and could bounce back to $3.6 in the medium term.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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