Pi Network has experienced a volatile start to the year, experiencing a sharp price decline following an initial surge. The token has dropped over 75% from its February peak near $3, currently trading at $0.6894. This decline represents a 6% drop in the past 24 hours and a 15% loss over the week. Despite this, trading volume for Pi Coin has increased significantly, rising by 42% in the last 24 hours to reach $158 million. On-chain data reveals increasing exchange inflows, suggesting more Pi is being prepared for sale, with significant unlocks anticipated in June, July, and August. The coin’s price remains trapped within a tight range between $0.688 and $0.816. Despite the dip, trading volume has spiked, but key support levels remain crucial. 42% of the last day’s trading volume was seen in exchange inflows. Despite the bearish trend with all key moving averages (EMAs) and SMAs sitting above current price levels. The Bollinger Bands have tightened, MACD is negative, and RSI is neutral at 43.6. If Pi breaks beyond $0.75-$0.78 resistance, next support level will be $0.60 and $0.50. However, if buying activity picks up, it could retest the $0.85-$0.85 range. Conversely, if there is no significant change in market sentiment, Pi may remain stuck between $0.70 and $0.76 through May 31st. Pi’s potential for a rebound towards or even past $1.00 hinges on buying volume. CoinDCX suggests that sustained buyer interest could push prices to the $1.00-$1.20 zone, while Dr Altcoin predicts further decline through August before a gradual recovery. Dr. Altcoin also expressed concern about Pi’s lack of transparency, predicting potential drop to $0.40 unless Pi Core Team provides more clarity and accountability. Pi’s network continues to focus on real-world use cases for its $100M Ventures Fund in fintech, gaming, e-commerce, and AI, though short-term technical challenges remain. The future of Pi Network hinges upon market sentiment and the ability to demonstrate a sustained demand for its utility.