Pi Network (PI) Price Drops 30% as Recent Bearish Market Forces Cause Sell-off

Recent bearish market forces have caused Pi Network's price to drop by 30% in the past month. Currently, Pi Network's price has dropped below $1 and is testing

Recent bearish market forces have caused Pi Network’s price to drop by 30% in the past month.

Currently, Pi Network’s price has dropped below $1 and is testing the support level at $0.9, even though other altcoins and Bitcoin are showing signs of recovery from their recent lows.

The question now is how far PI prices will continue to fall as bearish market pressures mount.

Pi network price movement since launch

After its launch in February, the price of Pi Network shot up sharply, but has now experienced a significant drop. The currency briefly touched a high of $2.98 before experiencing a rapid market fall.

Read also: Pi Network Price Up 5% Today (3/28/25): Pi Network is Now Available on Telegram Crypto Wallet!

The mainnet launch did not live up to expectations of pushing PI prices up, as it coincided with a period of falling prices.

On February 20, 2025, the lowest price of PI reached $0.6152, which reflects a drastic drop of 72.61% from its highest price. Despite a slight price recovery, the market still shows uncertainty due to unstable investor confidence.

Why is the Pi Network Price Continuing to Fall?

Pi Network’s value has decreased dramatically as more than 99.3 million Pi tokens will soon be available to unlock.

From a total valuation of $91 million, the tokens will start circulating in the market with a release schedule of around 3 million tokens per day for the next 30 days.

The biggest release will happen on April 3, where the market will receive around 6.8 million tokens in a single day. The massive releases scheduled for May and June also have the market worried as they could trigger a surge in liquidity and a massive sell-off.

The price drop is even more pronounced as Pi Network has not made it to the list of major crypto exchanges such as Binance, Coinbase, and Upbit. Despite being quite popular in South Korea, many exchanges-including well-known ones-refused to trade Pi tokens.

Token holders also continue to express concerns over the Pi project’s tokenomic system, especially since the Pi Foundation controls a large portion of the existing token supply. This has triggered fear and panic selling among investors.

Will Pi Network Price Recover Soon?

PI prices have experienced major fluctuations in recent weeks. Currently, the price is testing the support level at $0.8304 after previously dropping from its peak at $1.00.

Read also: Whale Pepe Coin Bags 500 Million Tokens, Signal Bullish PEPE Ahead?

In general, PI Network’s market value is in a consolidation pattern, which suggests a price range between $0.70 to $1.00 as the predicted movement area.

The MACD indicator (26/3) is showing a bearish signal as both indicator lines are below the zero level. Meanwhile, the RSI value is currently at 32, which indicates that BTC is approaching an oversold condition.

If buying pressure starts to increase, then a market reversal may occur.

PI prices are still showing signs of pressure in the current support area. If the price is able to hold around $0.70, there is a possibility of a shift in position towards the upper zone at $1.00.

However, if this support level fails to hold, the token price risks dropping further to around $0.50, especially if general market conditions weaken.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.