The Pi coin price continues to decline, losing over 4% in value and slipping under $0.70

The Pi Network faces backlash from its community, with criticism over its communication and ecosystem activity. Despite the announcement of PiFest

The price of Pi Coin (PI) continued to decline on April 2, losing over 4% of its value and slipping below the crucial psychological mark of $0.70.

The Pi Network has been facing backlash from its community for its communication and ecosystem activity, despite the announcement of PiFest, which saw record participation.

However, traders on CoinGet remain skeptical, and crypto market predictions suggest further decline, with the next support level anticipated near $0.60.

Despite the bleak outlook, some analysts still believe in the potential for a long-term recovery.

Pi Coin Price Drops 20% in a Week as Trading Volumes Crash

Over the past week, the price of Pi Coin has dropped by 20%, indicating a strong bearish trend and putting pressure on bulls to regain control.

The trading volumes have also crashed by 52% to reach $148 million, which signals weak activity and liquidity in the market.

The crypto market predictions suggest that the selling pressure is increasing, as evidenced by the 3.83% fall in the past hour alone.

This downward momentum could continue, especially if traders lose confidence in the Pi Network.

The Pi Network: Facing Backlash from Its Community

Despite announcing PiFest, which saw record participation with over 125,000 sellers and 1.8 million users, the community remains largely dissatisfied.

Most traders are demanding more transparency into updates and strategic advancements to drive sustainable growth.

However, crypto market predictions suggest that there has been slow progress on listing Pi on mainstream exchanges like Binance and Coinbase, which is a crucial step for wider adoption and increased liquidity.

Recently, BTCC exchange began listing Pi for spot trading but failed to trigger a price recovery.

Lacking broader adoption and additional exchange listings, liquidity continues to be a problem for investors.

Bearish Market Indicators: Pi Coin Struggles with Volatility and Selling Pressure

On April 2, the price of Pi coin was highly volatile, opening at $0.6915 and reaching a high of $0.6918, showcasing a small 0.04% gain.

However, the most recent statistics indicated a fall of 3.83%, adding weight to the bearish pressure in the market.

The trading volume was still low at 10.23K, which reflects weak buying interest and concern about further loss of value.

Chart 1 – PI/USDT live price, published on TradingView, April 2, 2025.

Technical analysis indicates further bearish momentum. The Pi price analysis reveals that the Relative Strength Index (RSI) remained at 39.42, close to oversold levels.

However, the RSI-based moving average of 39.78, which suggests increased volatility and downward pressure.

Chart 2 – PI/USDT falling wedge pattern, published on Trading View, April 2, 2025.

Crypto market predictions suggest that Pi is forming a falling wedge pattern, testing the lower limit at around $0.687.

A high volume breakout above the $0.71–$0.72 level may be required to initiate a short-term bullish reversal. The resistance levels are anticipated to be between $0.75 and $0.78.

If Pi cannot maintain support at $0.687, the price may fall to $0.60.

Can Pi Network Overcome Challenges and Regain Investor Trust?

The Pi Network is still working on expanding its ecosystem, with the integration of ChainGPT and the launch of the Pi cryptocurrency.

However, there are considerable challenges ahead, and most traders are losing patience, demanding more transparency from the network.

Its ability to secure more exchange listings will be crucial for future growth.

However, crypto market predictions suggest that it will be difficult for Pi to recover without major developments.