Pi Network (PI) Price: Rebound Coming? RSI Shows Extremely Oversold Conditions

Pi Network (PI) Price: Rebound Coming? RSI Shows Extremely Oversold Conditions

TLDR

• Pi Network (PI) has dropped to a new all-time low of around $0.54-$0.60, falling about 14% in 24 hours and 69% in April
• Technical indicators show oversold conditions with RSI below 20, suggesting a possible short-term rebound
• Negative Chaikin Money Flow (CMF) at -0.23 indicates continued selling pressure and capital outflows
• Pi Network faces resistance at $0.68-$0.69 range, with multiple internal challenges including slow feature rollouts
• Community criticism focuses on Core Team’s readiness for open mainnet, transparency issues, and lack of major exchange listings

Pi Network’s cryptocurrency (PI) has fallen sharply, hitting a new all-time low of $0.54 on April 4, 2025. The digital asset has seen a steep 14% drop over the past 24 hours and a massive 69% decline since the beginning of April.

This downward trend represents a continuation of bearish momentum that has plagued the token since its March peak.

Trading at approximately $0.61 currently, Pi Network shows few signs of immediate recovery. Technical analysis reveals that sellers continue to dominate the market.

The Chaikin Money Flow (CMF) indicator remains deeply negative at -0.23, suggesting substantial capital outflows from the token. This indicates that investors are moving their funds elsewhere.

Additionally, the Ichimoku Cloud technical indicator hovers significantly above the current price action. This technical formation typically signals strong bearish pressure and limited upward momentum.

Technical Recovery Potential

Despite the gloomy price action, some technical indicators suggest a potential short-term rebound may be possible.

The Relative Strength Index (RSI) has dropped below 20 on hourly charts. This reading places Pi Network firmly in oversold territory.

Historically, such extreme oversold conditions often trigger temporary rebounds. However, analysts caution that such recoveries may be limited in scope and duration.

If a bounce does materialize, Pi Network will face immediate resistance in the $0.68 to $0.69 range. This price zone previously served as support but has now flipped to resistance following recent price declines.

Trading volume has increased to $478 million, rising by 76% compared to previous levels. This surge in activity suggests some investors may be accumulating tokens at these depressed prices.

However, any recovery will likely be capped by both technical resistance levels and broader market conditions unless a significant catalyst emerges.

Internal Challenges

Beyond market dynamics, Pi Network faces numerous internal challenges that may be contributing to its price decline.

Community members have expressed concerns about the Core Team’s readiness to manage an open mainnet effectively. Critics point to delayed feature rollouts and ineffective implementation of existing features.

Questions about decentralization and limited access for third-party developers have also been raised. These issues may be hampering the network’s growth potential and adoption rate.

Some users describe the current situation as Pi Network’s “most difficult” period since the project began in 2019. With the token down more than 80% from recent highs, community trust appears to be eroding.

The lack of transparency in communications has become a frequent complaint. Monthly updates from the team are described by some as “artificial” and failing to address the key issues facing the community.

Exchange Listing Hurdles

A major factor potentially limiting Pi Network’s recovery is its absence from major cryptocurrency exchanges.

The token was notably excluded from Binance’s Vote to List program, dampening hopes for a near-term listing on one of the world’s largest exchanges.

Without presence on platforms like Binance or Coinbase, Pi Network may struggle to attract new investors and capital inflows.

Exchange listings typically provide significant liquidity and exposure to cryptocurrencies. Their absence represents a substantial headwind for Pi’s price prospects.

The community has called for more aggressive pursuit of exchange partnerships to improve market access and visibility.

Without such listings, Pi Network may continue to face challenges in breaking out of its current downtrend, regardless of short-term technical rebounds.

Future Price Outlook

Based on current market conditions and technical indicators, analysts suggest Pi Network could potentially decline further to the $0.50 level.

However, if the token can successfully defend the recent lows and bounce from oversold conditions, it might regain some ground toward the $0.68-$0.69 resistance zone.

For any sustained recovery, Pi Network would need to address both internal challenges and secure broader market support. This includes improving transparency, accelerating feature development, and achieving major exchange listings.

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