Pi Network Price Drops 11.6% in Week Amid Bearish Signals

Pi Network’s price has been under significant pressure, consolidating around the $0.60 mark. This consolidation comes amid weakening momentum and growing bearish signals, which have traders on edge. The token volumes have been plunging, and net exchange inflows have been rising, leading to fears of a sharp drop that could retest the $0.40 level. However, upcoming events such as Pi2Day and potential exchange listings could offer a bullish twist to the current situation.

On the day of its Open Mainnet launch, PI hit a closing price of $0.8705, marking a massive 2951.40% rise in the first six days. However, since February 27, the bullish momentum has faded. From February 27 to April 4, PI fell by 81.43%. It then rebounded by 112.96% from May 7 to May 13, but heavy selling returned on May 14, causing PI to plunge another 43.63% between May 14 and May 17. Since mid-May, PI has been trading sideways, even dipping to $0.40 last week. Over the past seven days, the price is down 11.6%, and 6.2% in the last 24 hours alone.

Analysts warn that if the bearish momentum continues, PI could fall another 35%, revisiting last week’s low of $0.40. The latest data shows that PI trading volume dropped 44% in the last 24 hours, with 6.11 million tokens deposited to exchanges and 3.8 million withdrawn, resulting in a net inflow of 2.27 million tokens. This surge in exchange deposits indicates that users are preparing to offload PI tokens, a red flag for bulls.

Several key indicators are flashing bearish warnings. The Bollinger Bands have narrowed, indicating an upcoming breakout. PI is currently below the lower band ($0.5669), which could be a potential breakdown signal if it closes there. The ATR (Average True Range) has dropped from 0.1771 on May 16 to 0.0612, showing low price movement and building pressure for a major move. Additionally, PI trades well below its 50-day SMA of $0.7074, suggesting a lack of bullish momentum. This combination of narrow Bollinger Bands, low ATR, and price below the 50-day SMA suggests low volatility ahead of a sharp breakout, possibly downward unless bullish catalysts intervene.

Key price levels to watch include support at $0.40, resistance at $0.8031, and a psychological barrier at $1.00. If PI falls below $0.5669 today, traders may look to $0.40 as the next major support. On the upside, reclaiming $0.80 could open the door to a recovery.

Despite the bearish indicators, some bullish events could shift sentiment. Rumors of a Binance listing could spark a short squeeze, driving prices up sharply. Additionally, Pi2Day on June 28, where the Pi Network community will celebrate the ecosystem’s progress, could see key announcements from the core team, potentially igniting renewed buying. As of June 17, 2025, Pi Coin (PI) is trading around $0.56-$0.57, down over 6% in the last 24 hours. It is consolidating with low trading volume and bearish signals. The Pi Network price is trapped in a low-volatility range, with all signs pointing toward a major move. If current momentum holds, a 35% crash to $0.40 is possible. However, exchange listing announcements or Pi2Day news could flip the script and trigger a bullish reversal.