TL;DR
- Pi Network’s native token, which launched just over a month ago, continues to bleed out, dumping toward $0.8 earlier today.
- Analysts on X envision further declines for the asset despite reassurance from the Pi community. However, there’s also a light at the end of the tunnel.
PI Keeps Plunging
After years of development, delays, and controversy, the project’s Open Network and token went live on February 20. Given its substantial community size, the PI coin saw increased interest at first, with its price fluctuating significantly over the following days. It seemed as if the bulls were in charge at the end of February, when PI shot up to $3, marking an all-time high.
However, it has been all downhill since then. Earlier today, the asset plunged to $0.8 on OKX, marking a monthly low and representing a staggering 72% decrease from its recent peak. Moreover, PI, which was nearing the largest 10 altcoins by market capitalization during its peak, is now struggling to remain in the top 30.
Crypto analysts on X see little hope for PI’s short-term price movements. MOON JEFF shared with his followers that the asset could slump further to $0.6, which he identifies as its last support level. Nonetheless, he hinted at the potential for a rebound from that point, suggesting a surge toward $5.
$PI is going to $0.6
That is the only support left.
From there we are likely to see a pump towards the $5 mark.
Holding strong and adding more is advised #PiNetwork pic.twitter.com/LFbs313krE— MOON JEFF (@CRYPTOAD00) March 25, 2025
Andrew Griffiths projected a slightly less severe drop to $0.75, suggesting this dip could represent a buying opportunity due to the formation of a Falling Wedge Pattern.
Hope or Desperation?
Pi News, an X channel affiliated with Pi Network, has continuously kept its audience updated on the project’s developments and partnerships. They recently discussed the token’s price fluctuations and forecasted a potential upward movement, urging community members to participate in the construction of the PI ecosystem.
While some users interpreted this as a hopeful outlook, others perceived it as an act of desperation.
Next, participate in the construction of the $PI ecosystem, and you will see that the price of Pi will fluctuate strongly as shown in the drawn line. pic.twitter.com/sGi88eklF4
— Pi News (@PiNewsMedia) March 25, 2025
The market for Pi Network’s PI token remains volatile and uncertain. With substantial price decreases and differing opinions among analysts, investors and community members alike are left wondering: is there a pathway to recovery, or has desperation set in?
