As May 2025 approaches, Pi Network is facing significant challenges, raising questions about its future prospects. While the project initially garnered excitement following the launch of its mainnet, its token, Pi Coin, is now at a critical juncture, and the early euphoria has begun to fade.
After a brief rally that saw Pi Coin rise to $3, the price has steadily declined. As of late April 2025, Pi Coin has fallen by approximately $0.6077, reflecting a 15% drop over the past month. The downward trend is notable in a time when other cryptocurrencies, like Bitcoin, are gaining momentum, leaving many Pi holders frustrated.
The core issues plaguing Pi Network stem from its limited exchange listings, low real-world utility, and poor liquidity, making it difficult to attract new investors or retain existing ones. According to Alvin Kan, COO of Bitget Wallet, the initial excitement was driven by mobile mining and community referrals. However, that momentum has since slowed, and Pi’s growth has stagnated.
Technical Indicators Highlight Ongoing Struggles
Despite some capital inflows, the Chaikin Money Flow (CMF) indicator signals negative market sentiment, with selling pressure outweighing buying interest. This is evident as minor price gains are quickly offset by sell-offs.
The Relative Strength Index (RSI) currently sits at 38, nearing oversold levels, while the Moving Average Convergence Divergence (MACD) is on the verge of turning negative. These indicators suggest that Pi Coin could face further declines, with its price testing lower support levels around $0.59 to $0.67. If it breaks through, it may fall to $0.5192 or even revisit its all-time low of $0.40.
In April, 21.4 million Pi tokens (worth over $12 million) were unlocked, and the release of 131 million tokens per month over the next year will increase the circulating supply, which could drive the price down unless demand picks up. The project will face continued selling pressure unless it can implement a token burn mechanism or significant updates to its ecosystem.
The Path to Recovery for Pi Network
Despite the current bearish outlook, Pi Network is not without hope. If it can break through the resistance at $0.8727 and maintain it as a support level, it may signal a trend reversal. However, achieving this will require Pi to prove its long-term value by establishing real-world use cases and improving its market access.
The key to Pi Network’s future lies in its ability to integrate meaningfully into the retail and decentralized finance (DeFi) sectors. In May 2025, Pi Network may not experience a dramatic price surge, but it needs to demonstrate maturity and focus on developing practical utility in order to regain investor confidence.
For now, the focus should be on Pi Network’s ability to mature and build a stronger foundation for future growth.
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