Pi Network: Is It Finally Time to Panic or Can It Still Save Itself?

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So, Pi Network decided to make a grand entrance into the “Big Decline Club”—the rarefied group of tokens that somehow manage to go backwards. Currently, Pi is trading at a thrilling $0.6077, which is a 15% drop in the last month. Yikes.

This spectacular nosedive has left investors shaking their heads, wondering if the Pi Network will ever pull itself together. Spoiler alert: the outlook doesn’t look too rosy just yet.

Pi Network Needs a Miracle (or Maybe Just Some Inflows)

Despite this stunning drop, the Chaikin Money Flow (CMF) indicator tells us there have been some inflows. That’s cute. Too bad these inflows are still stuck in the negative zone, like that one friend who keeps showing up to parties but never brings anything fun. So, while there’s a little good news, the outflows still have the upper hand.

Basically, the CMF is giving us the kind of vibes you get when you realize you’ve been ghosted after a great first date. Yeah, there’s some positive activity, but it’s not enough to stop the bleeding.

The lack of investor enthusiasm? It’s not a mystery. It’s like they all showed up for a grand party, only to find that the cake was made of tofu. Alvin Kan, COO of Bitget Wallet, agrees with this assessment and was kind enough to tell BeInCrypto all about it:

“Pi Network’s initial surge was largely driven by anticipation and years of community mining, but the follow-through has been more muted. As early users began realizing gains, increased token supply met limited exchange listings and a still-developing ecosystem. Without strong utility or broader liquidity, investor demand naturally tapered off. Like many new tokens, Pi is now facing the challenge of transitioning from early hype to long-term value delivery,” Kan told BeInCrypto.

it’s not looking good, people.

Now, Pi’s relationship with Bitcoin is a bit…awkward. It’s basically that cousin who shows up at family reunions but can’t seem to keep up. Right now, Pi shares a correlation of -0.11 with Bitcoin, meaning when Bitcoin goes up, Pi decides to take the stairs down.

Bitcoin is cruising toward $100,000, so it’s safe to say Pi might not be hopping on that rocket anytime soon. In fact, it could continue to spiral downward while Bitcoin does its thing.

Pi’s Price Needs a Serious Pep Talk

So, Pi’s price has dropped a solid 15% over the last month. Currently sitting at a solid “meh” $0.6077. Investors are frustrated, and rightly so. The token was hyped up like the latest iPhone, but now it’s more like a half-broken fidget spinner.

If this downward trend continues and Bitcoin keeps rising, Pi could drop right through its current support level, and I’m not talking about a gentle glide. I’m talking about a crash through the $0.6077 level, then heading straight for $0.5192. And who knows? It could end up at its all-time low of $0.4000, just for fun.

So, yeah, it’s probably time to stay on high alert, folks. You never know when Pi might decide to make a comeback, or if it’s just going to keep sliding downhill like a bad dream.

Here’s the thing: Pi Network’s mobile mining model started with a bang, like fireworks on the 4th of July. But, much like fireworks, it fizzled out faster than expected. Now it’s impacting the price. And not in a fun way.

“Pi Network’s mobile mining and referral model helped it build a massive user base, but also invited skepticism around sustainability. While the project clarifies that it doesn’t follow a multi-level structure, concerns persist over perceived lack of transparency and real-world use cases. To move past the debate, the focus will need to shift toward building credible utility and expanding access. If that happens, sentiment could recover—but trust takes time,” Kan told BeInCrypto.

So here’s the million-dollar question: can Pi Network make a miraculous recovery? Maybe. If market conditions improve and investor sentiment gets a little less cranky, Pi could break through the $0.8727 resistance, turn it into support, and begin the long journey toward $1.0000. It’s a long shot, but stranger things have happened, right?

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2025-04-29 11:39