Key Takeaways
- Bearish price action for the Pi Network coin persists as the price trades below the key support zone of $0.62.
- The price of Pi Network coin has crashed over 70% in the past month after hitting an all-time high.
- If the market continues to trade lower, the Pi coin could continue to struggle as it bears dominate its price action.
The cryptocurrency’s price action has picked up from where it left off in the previous three months, with many altcoins suffering fresh price declines. Pi Network, a notable crypto altcoin that has garnered much speculation and hype, has suffered a fresh price decline from $3 to $0.5, raising concerns that the price could still crash further.
Monthly price action for Pi suggests a 65% drop, with a recent price crash of 18% below the recent February low of $0.6. The price of Pi Network looks weak ahead of the second quarter of 2025, as crypto traders and investors are beginning to lose confidence in the community-driven crypto altcoin that took the market by storm.
Despite rallying to a new all-time high in February, the price of Pi Network has struggled to meet market expectations following Binance’s reluctance to list the coin despite votes in favour of listing the crypto token.
Factors such as the hike in US tariffs and other microeconomic factors have affected the crypto market, making it difficult for Pi Network coin to find strong price action to the upside. Price could suffer from price rejection to lower price points.
Is Pi Network Losing Its Hype?
Pi Network coin rallying during market crashes generated a lot of hype, leading to speculation of its price rallying to $5, as many altcoins during market crashes in the past have struggled to show real price action. This rally by Pi Network Coin wasn’t sustained as the price rally to $3 was followed by a price crash towards its current value of $0.55.
Despite a Binance poll to list Pi Network coin, the exchange has remained silent, leaving the Pi Network ecosystem worried about whether the crypto token will still be listed on the Binance platform. This silence from the Binance exchange is unlikely to be taken seriously, as many people have questioned why a poll that generated 85% votes in favour would lose much interest regarding its listing.
Pi Network Price Prediction April 2025
Source – Pi Network Price Chart From Coinmarketcap
The price action of the Pi Network coin in the past few days hasn’t shown signs of reversal, as it looks weak following its crash. Since it is listed on major exchanges, the price of the Pi coin could be headed to a new low.
The cryptocurrency market bouncing from its currency market uncertainty could lead to the price of Pi Network coin enjoying a relief bounce with other altcoins. If the market continues to trade to lower regions, Pi coin will be headed towards $0.3 to $0.1 in the coming weeks.
There is optimism suggesting that the price of the Pi coin might not go too low in those regions. The market could see some strong price bounces to the upside, helping the price trade above the key resistance of $0.62.
