Despite Forming Strategic Partnerships, Pi Network's PI Token Has Plunged Over 70%

The Pi Network's native token, PI, has been struggling in the market, with its price plummeting over 70% in the last 30 days. Despite forming strategic partnerships

Pi Network’s native token, PI, has been struggling in the market, plummeting over 70% in the last 30 days from its all-time high of $2.99, which it attained in February 2025.

Despite forming strategic partnerships, like the recent one with Telegram Crypto Wallet, the token has failed to gain significant momentum, and bearish technical indicators suggest that the downward trend may persist.

Pi Network’s Growth Challenges

While Pi Network has been making strides in expanding its ecosystem, its token still faces significant growth challenges. One of the most pressing issues is the lack of major exchange listings, which has severely limited liquidity and hampered PI’s growth potential.

Without these listings, PI has been struggling to gain traction in the broader market. Additionally, Pi Network’s recent decision to unlock 1.6 billion tokens has increased the total supply, further adding pressure to its price.

If Pi Network can secure more exchange listings and continue to build out its ecosystem, it may see the kind of growth that could lead to a price surge in the future.

PI Token Faces Roadblocks But Could Surge To $1.50

Pi Network’s PI token is currently facing heavy selling pressure, and technical analysis indicates that this downward trajectory could continue. For twelve consecutive days, the token’s Bollinger Band Trend (BBTrend) has remained in negative territory, most recently reaching -41 on March 21, highlighting the persistent bearish sentiment.

Moreover, the token’s Relative Strength Index (RSI) has stayed below the neutral 50 level, suggesting that the market is still in a negative state with limited potential for immediate recovery.

If this correction continues, PI could see further decline, potentially reaching a low of $0.62. However, despite these challenges, there are some glimmers of hope, as the token has shown signs of modest recovery after reaching oversold conditions.

The current price of PI is approximately $0.8039, and its all-time high, as mentioned earlier, was $2.99, reached in February 2025. Recently, it hit a low of $0.6157, also in February 2025.

In the short term, there is potential for mild rebound, with PI possibly recovering to the $1.22 – $1.50 zone, assuming market conditions improve and the pressing issue of liquidity is addressed.

Looking ahead to May 2025, if Pi Network manages to overcome its current hurdles, including securing exchange listings and mitigating liquidity concerns, there might be a chance for substantial price increase.

However, closely monitoring developments around Pi Network’s ecosystem updates, token unlocks, and exchange listings will be crucial in determining whether the token can return to its former highs or continue its downward spiral.