Pi Network (PI) Coin Price Drops 43%

Pi Coin has lost over 43% of its value in the past week, with bearish sentiment intensifying. Market analysts now question whether the Pi crypto price can find stability

Pi Coin has lost over 43% of its value in the past week, pushing it toward critical support levels. Market analysts are now questioning whether the Pi crypto price can find stability around $0.60 or if further declines are imminent.

The sharp decline is attributed to a mix of growing skepticism, delays in the project’s roadmap, and the lack of a Pi Coin exchange listing on Binance. This has shaken investor confidence, leading to a surge in Pi Network sell-offs.

Crypto analyst Kripto Bilgi warned, “The sentiment around Pi Coin is extremely weak. If it breaks under $0.82, we could see further drops to $0.30.”

Pi Network Price Faces Strong Selling Pressure Amid Delayed Listings

Pi Network, which gained popularity for its mobile mining model, has been facing mounting criticism over the lack of a clear roadmap for its Open Mainnet launch. Many investors initially hoped for a swift listing on major exchanges like Binance, but continued delays have dampened enthusiasm.

Pi Network Coin was trading at around $0.90 at press time. Source: TradingView

Adding to concerns, Justin Bons, the founder of CyberCapital, recently labeled Pi Network a “scam.” He pointed out flaws in its tokenomics, Pi mining structure, and lack of decentralization. “PI is fully permissioned (centralized), and everything requires KYC—even simple transactions! PI is an investment scam; it is that bad,” Bons wrote in a critical post.

Despite these allegations, some within the Pi Network community argue that the project remains legitimate. Crypto analyst Dr. Altcoin acknowledged the concerns but refuted scam claims, saying, “Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.”

Pi Coin’s Next Price Targets

Following its break below $1, the Pi Coin value is testing key support levels. If the Pi token price manages to stabilize around $0.82, it could attempt a rebound. However, if selling pressure continues, the Pi currency value might drop further toward the $0.60 mark, with a worst-case scenario of falling to $0.30.

The asset is expected to move toward the green zone, with targets marked, unless a daily candle closes above the invalidation level. Source: Behdark on TradingView

Technical indicators suggest that the value of Pi Coin is in oversold territory, which could signal an eventual recovery. The stochastic RSI has reached the oversold zone, and previous patterns indicate that prolonged consolidation at these levels could lead to a short-term Pi crypto value rebound.

If the token manages to regain upward momentum, it would need to clear resistance levels at $1.02 before entering a critical resistance zone between $1.19 and $1.24. Breaking past these levels could reignite investor optimism and potentially push the Pi Network Coin price back toward its previous highs.

Will Pi Network Overcome Its Challenges?

Pi Network’s ongoing struggles extend beyond its price decline. The platform has faced backlash over its closed ecosystem and the delay in its Open Mainnet launch. Meanwhile, Pi Network Binance listing delays have only worsened market sentiment.

The frustration among the Pi community was evident when Binance received a wave of one-star reviews on Google Play from angry Pi Coin supporters. In response, Binance warned, “Do not try to pressure us into listing your coin by spreading FUD or negative comments about Binance, or you will be blacklisted.”

PI Coin may revive bullish momentum if the price breaks the $1.50 resistance. Source: DEXWireNews on TradingView

Despite the growing criticism, Pi Network has seen a reduction in its circulating supply due to the burning of unclaimed tokens from users who failed to meet KYC requirements. Over 528,671 PI tokens were burned by early March at a rate of 3,000-4,000 tokens per day. This deflationary effect could provide some support to the Pi Network market in the long term.

Final Outlook: Can Pi Coin Rebound?

Pi Coin’s future largely hinges on whether the Pi Core Team can restore investor confidence by providing a clear roadmap for its Open Mainnet launch. The lack of transparency and slow progress has made many traders cautious, leading to intensified sell-offs.

If the token stabilizes above $0.82 and gains momentum, a recovery toward $1 remains possible. However, failure to hold key supports could trigger further declines toward $0.60 or lower.

For now, traders and investors should remain vigilant, keeping a close watch on Pi Network news, market trends, and any announcements from the Pi Network team that could influence the Pi cryptocurrency value trajectory.