Pi Coin Faces Downtrend Pressure Amid Weak Buyer Support

Pi Network (PI) is once again flirting with a decisive breakdown below the $1 level, trading at $0.94 at the time of writing.

Pi Network (PI) token is once again facing downtrend pressure as it flirts with a decisive breakdown below the $1 level, currently trading at $0.94. The latest price action shows mounting weakness, with technical indicators flashing bearish warnings across multiple timeframes.

The token, which briefly soared above $3 in early March, has since given up more than 65% of its gains, reflecting fading momentum and growing skepticism about its long-term tokenomics. Despite its vocal community, Pi remains unlisted on major exchanges, and current prices are based on speculative IOU contracts, adding further risk for retail buyers.

Technical Analysis: Breakdown Below $1 Could Trigger Panic

Even though Pi Coin’s trading structure is unusual, some public exchange data gives us enough to outline the main trends and pivots in the current technical outlook:

Major Resistance Levels: $1.5, $2, $2.5

Major Support Levels: $1, $0.5, $0

Relative Strength Index (14): Deeply oversold below 30, indicating strong bearish pressure and potential for further price declines.

Moving Average Convergence Divergence (MACD): Histograms are in the negative zone on both 12/26/9 and 24/52/18 timeframes, suggesting a strong downtrend with no immediate signs of reversal.

Parabolic SAR: Dot is above the price, confirming the bearish trend.

Bollinger Bands: Bands have widened significantly, indicating increased price volatility.

Is This the End for Pi Coin?

The current dip below the key $1 support level has sparked discussions about a potential collapse of the token. While the latest price action shows weakness, it’s still premature to call it a total wipeout.

The future of Pi Coin hinges on a few key developments:

What Needs to Change

Without these milestones, Pi risks fading into crypto obscurity—despite its large user base.

Final Thoughts: Collapse or Comeback?

Crashing below $1 is a big psychological blow for Pi holders, but it’s not necessarily the end—yet. Until the Pi Network team delivers on its promises, the coin will remain in a speculative grey zone.

For now, investors should stay cautious and avoid overcommitting unless key updates are officially rolled out.