As May 2025 approaches, the Pi Network’s journey from an ambitious project to its current status is marked by mounting challenges. Since the launch of its mainnet, expectations for Pi have been high, but the reality is much more complicated as its native currency, Pi Coin, faces significant hurdles.
After the initial excitement and a brief surge to $3, Pi’s price has continued to decline. As of late April 2025, Pi Coin has experienced a drop of approximately $0.6077, losing 15% of its value in just one month. This decline stands out, especially as Bitcoin continues to gain momentum, which only heightens the frustration of early investors who mined or purchased Pi with hopes of seeing upward growth.
Challenges Hinder Growth
Several key factors are contributing to Pi’s struggles. The project faces limited exchange listings, low real-world utility, and poor liquidity. These obstacles have made it difficult for Pi to attract new buyers or retain its existing user base. According to Alvin Kan, COO of Bitget Wallet, Pi’s early success was driven by mobile mining and community referrals. However, this momentum has now stalled, leaving the project at a crossroads.
Technical Indicators Show Weakness
Technical indicators suggest that Pi’s struggles may continue. The Chaikin Money Flow (CMF) indicates that while money is still flowing into Pi, the general trend is negative, with selling pressure outweighing buying interest. This imbalance has led to a situation where any minor gains are quickly erased by subsequent sell-offs.
Additionally, Pi’s Relative Strength Index (RSI) stands at 38, approaching oversold territory, and its MACD is nearing a negative crossover, both signals pointing to a possible further downturn. The price has been fluctuating in a narrow range of $0.59 to $0.67, but with the current trend testing the lower end of this band, a drop to $0.5192 or even a new all-time low of $0.40 is a real possibility.
Increased Supply Pressures the Market
A significant concern for Pi Coin is the ongoing token unlock process. In April alone, 21.4 million Pi tokens—worth over $12 million—were unlocked, and in the coming year, monthly unlocks are expected to average 131 million tokens. This increased supply is likely to put further downward pressure on the price unless demand rises substantially. Without mechanisms such as token burns or a major ecosystem update, Pi will continue to struggle with strong selling pressure.
A Path to Recovery?
Despite the prevailing bearish sentiment, Pi Network still has the potential for recovery. If Pi can break through its immediate resistance at $0.8727 and establish this level as support, it could signal a potential trend reversal. However, to achieve this, Pi must prove its long-term value by showcasing tangible use cases and securing better market access.
The key to Pi’s future lies in its ability to provide real utility. Successful integration into retail and decentralized finance (DeFi) sectors will be essential for Pi’s maturation and eventual recovery.
Conclusion
While May 2025 may not mark a significant price surge for Pi, it could be the time for the project to evolve and mature. Only through meaningful advancements and greater real-world application can Pi Network hope to overcome its current challenges and build a more sustainable future.
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