Analysis reveals potential for Pi Network’s PI token to plummet by up to 45%, highlighting a combination of bearish technical signals, structural challenges, and looming events. A recent technical analysis points to a bearish pennant pattern indicating a weakening trend, despite short-term gains. This is compounded by the absence of major exchange listings, a lack of developer engagement, and upcoming token unlocks. While some users remain bullish, the future outlook for Pi Network remains uncertain. 47 million users have joined Pi Network’s mobile-first blockchain platform. However, the current market conditions and structural issues cast doubt on its long-term sustainability.