As May 2025 approaches, Pi Network finds itself at a critical juncture. Following its highly anticipated mainnet launch, the project’s initial euphoria has gradually given way to frustration among investors and users. While Pi’s ambitious vision still holds appeal, the token’s performance and market conditions are raising concerns.
After a brief surge following its launch, Pi Coin, the native currency of Pi Network, has seen a significant decline. As of late April 2025, the coin has lost approximately $0.6077 in value, reflecting a 15% decrease over the past month. This decline marks a sharp contrast to the growth of major cryptocurrencies like Bitcoin, leaving many early investors disillusioned. Many holders, who mined or purchased Pi in anticipation of future gains, are now struggling with its stagnant performance.
Pi Network’s struggles are largely attributed to several key factors, including limited exchange listings, a lack of real-world utility, and poor liquidity. These issues have made it difficult for Pi to attract new buyers or maintain the interest of existing users.
Market Sentiment and Technical Indicators
Despite continued inflows, as shown by the Chaikin Money Flow (CMF) indicator, the overall sentiment around Pi remains negative. The token has been under consistent selling pressure, with any minor gains quickly erased by sell-offs. The Relative Strength Index (RSI) is nearing oversold territory at 38, signaling the possibility of further declines. Additionally, the Moving Average Convergence Divergence (MACD) is on the brink of turning negative, further suggesting that Pi Coin could face additional downward momentum.
The coin has been trading within a narrow range between $0.59 and $0.67, but it is now testing the lower end of this band, with the potential to drop to $0.5192 or even its all-time low of $0.40. In April alone, 21.4 million Pi tokens, worth over $12 million, were unlocked, increasing the circulating supply and adding pressure on the price. Going forward, monthly token unlocks are expected to average 131 million tokens, which could exacerbate the selling pressure unless demand picks up.
Potential for a Turnaround
While the outlook for Pi Network in May 2025 remains uncertain, there is still a path to recovery. For Pi to regain momentum, it would need to break through its immediate resistance at $0.8727 and establish that level as support. Such a move would signal a potential trend reversal.
However, for Pi to achieve this, the project must demonstrate tangible value beyond speculative interest. Real-world use cases, along with stronger market access and integration into sectors like retail and decentralized finance (DeFi), are critical to its long-term success. Pi Network must prioritize utility and strategic partnerships to prove its value proposition to users and investors.
While May 2025 may not mark a major breakout for Pi, it could be a crucial period for the project’s maturation. To secure its future, Pi needs to focus on addressing its current challenges and building a sustainable ecosystem.
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