Pi Network’s native token is undergoing a turbulent phase. Currently trading at $0.4710, the coin has recorded a 2.7% drop overnight and a 14.7% decline in the past 7 days. Its market cap stands at $3.59 billion, with a 24-hour trading volume of $82.73 million, up 2.87%, suggesting heightened market activity amid sell-offs.

The sharp price correction is largely attributed to recent token unlock events, with 270 million Pi tokens released, causing a supply shock. Additionally, over 6 million Pi worth $2.8 million was moved to exchanges within 24 hours, increasing sell-side risk. Both RSI and MACD indicators suggest bearish momentum may persist in the short term.

Interestingly, amid this volatility, the Pi mining rate has seen a modest 0.93% increase, rising from 0.0029887 to 0.0030165 Pi per hour, indicating a network still growing in user engagement. But does that signal a path to $1 in 2025? Let us understand the dynamics in this Pi price analysis.

Pi Network Price Analysis

On the daily chart, Pi Network continues to trade below the middle Bollinger Band and the 20-day SMA. The upper band at $0.6099 and the lower band at $0.4514 form a tight squeeze, typically signaling an incoming volatility spike. However, the price remains pinned near the lower band at $0.4708, suggesting bearish dominance.

The RSI stands at 34.94, below the neutral 50 level, indicating the asset is approaching oversold territory but lacks bullish divergence. Despite the increasing 24-hour volume, the price has failed to bounce meaningfully, which is a classic sign of distribution rather than accumulation.

In summary, unless a major fundamental catalyst like the Open Mainnet launch or a utility-driven adoption spike emerges, Pi’s outlook remains neutral-to-bearish. A sustained reclaim of $0.53 which is at mid-Bollinger would be the first bullish trigger, followed by a breakout toward $0.61 and then $0.70 before even entertaining the possibility of a $1 breakout.

Also read: Pi Network Price Prediction 2025, 2026-2030!

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