$PI Drops to Key Levels: Is a Major Reversal on the Horizon?

• $PI is trading at $0.66, testing a key support level after dropping from a high of $3, with analysts eyeing a possible dip to $0.50–$0.60 before any rebound.
• Market sentiment is mixed, as listing delays and upcoming token unlocks create pressure, though the community remains active and engaged.
• Pi Network’s future growth hinges on ecosystem development and adoption, with potential for a strong recovery if momentum returns.

Pi Network ($PI) is a cryptocurrency that can be mined through the Pi Network mobile app. It employs a distinct consensus algorithm and aims to make mining more accessible without the need for costly hardware.

Price Movements

Currently, $PI is trading at $0.66 with a market cap of $4.5 billion, placing it among the top 30 cryptocurrencies. Notably, since its launch just over a month ago, its price has seen significant swings—surging from $0.66 to $3 before gradually retracing. Although, after a period of steady decline, the price now seems to be stabilizing, though momentum remains weak.

Credit: CoinGecko

Price Predictions

At the moment, $PI remains in a downtrend, testing a crucial support level at $0.66. Looking ahead, analysts suggest that further downside is possible in the short term, with a potential dip to the $0.50–$0.60 range before any significant trend shift. However, they also anticipate a major rebound once market activity and volume pick up, with price targets as high as $5 in the next bullish phase.

Market Sentiment and Developments

Market sentiment toward Pi Network is currently mixed. On one side, there are concerns over ecosystem uncertainties and exchange listing delays, which have limited accessibility and liquidity for the token. Additionally, supply pressure remains a key factor, as 126.6 million PI tokens are scheduled to be unlocked this month, potentially increasing selling pressure.

On the other hand, Pi Network’s community remains highly engaged despite these challenges. The recent PiFest 2025 saw significant participation, marking the first global commerce event fully backed by Open Network external connectivity, showcasing Pi’s real-world usability. Furthermore, the Pi Network ecosystem has resumed mainnet migration after a brief pause, signaling continued progress in its roadmap.

Future Outlook

Looking ahead, Pi Network’s trajectory will largely depend on how it navigates ongoing challenges and capitalizes on its growing user base. If adoption and utility continue to strengthen, a significant price recovery could follow in the coming months.