The Pi token of Pi Network experienced a significant downturn, plummeting by over 22% in a week, reaching a low of $0.61 on May 31, 2025. This decline comes amid a broader market correction impacting the crypto market’s total capitalization, which saw a loss exceeding $170 billion within a single week. This downturn raises concerns about the project’s long-term viability and investor confidence, especially as the market struggles with bearish sentiment.
The price drop coincides with a weakening trend in the cryptocurrency market, with major cryptocurrencies experiencing declines, and signals growing uncertainty about Pi Network’s future trajectory.
Several factors contributing to this decline include:
– Lack of recent positive developments for the Pi Network project.
– Absence of official listings on major exchanges, limiting liquidity for institutional investors.
– A significant market correction across all cryptocurrencies, with a 5% drop in overall market capitalization in just one week.
– Increased selling pressure from holders, indicating reduced confidence and concern about the token’s value.
Despite efforts to maintain its value, Pi Network faces a critical juncture. The lack of technical support or strong fundamentals makes it vulnerable to further losses.
Technical indicators like BBTrend and Smart Money Index reflect this bearish sentiment. The BBTrend indicator currently stands at -4.52, with recent days showing red bars on the histogram, highlighting persistent downward pressure. This trend suggests a market dominated by sellers.
A lack of institutional investor interest, reflected in a decline in the SMI (Smart Money Index), further raises concerns about the project’s long-term prospects. If sales continue to accelerate, the price could potentially break through its technical support at $0.55. However, if buying activity emerges, the token may rebound and reach around $0.86, although this remains hypothetical until a change in momentum occurs.
For those seeking to navigate the crypto world safely, Coinhouse offers a platform with an affiliate program for your convenience.