The PI Coin price has struggled to gain momentum amid plummeting trading volumes and skepticism over unconfirmed partnership claims.

With the Pi cryptocurrency trading in a tight range and failing to break key resistance levels, traders are left questioning whether the token will tumble below $0.50—or stage a comeback.

The price of PI Coin has struggled to gain momentum amid plummeting trading volumes and skepticism over unconfirmed partnership claims.

What Happened: The recent dip in Pi Network trading volume—down 49% in just 24 hours—has become a focal point of market anxiety. According to CoinMarketCap data, Pi Coin recorded one of the lowest trading volumes among the top 30 cryptocurrencies, further reinforcing concerns about weakening interest in the market.

At the time of writing, the Pi Network Coin (CRYPTO: PI) price is trading at $0.59, down 4% over the week and over 80% lower than its February peak of $2.99. This decline coincides with stagnant momentum and resistance near the $0.58-$0.60 levels.

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A drop below the lower boundary of the current symmetrical triangle pattern could push PI to a new low of $0.40 and potentially down to $0.10 if bearish sentiment escalates, analysts warn.

“The current lack of exchange listings and declining activity raises red flags,” said one market analyst. “Without a catalyst, the Pi Coin value may continue to erode as traders shift their focus elsewhere.”

This point is further emphasized by the recent rumor of a partnership with French banking giant BNP Paribas, which has yet to be confirmed by the institution itself. A post by Pi Coin Magazine claimed integration with the bank’s digital payment systems via the “Pi Nexus Banking System” APIs.

However, BNP Paribas has not confirmed any collaboration, and further investigation reveals that the APIs were built for multiple potential partners—not exclusive to the bank, which would indicate a formal deal. This has led some in the crypto community to label the development as “wishful thinking.”

As highlighted by CryptoNews, even though the APIs exist, similar integrations have been proposed for companies like Apple Pay, PayPal, and Barclays, with none officially onboard yet.

Despite the buzz, the Pi Network price remained largely flat after the announcement, and it seems that institutional confirmation is needed for the token to make a move.

The Relative Strength Index (RSI) remains in neutral territory at 42, while the 30-period moving average continues to lag below the 200-period—classic signs of consolidation.

What's Next For Pi Coin

The next move for Pi crypto remains uncertain. If trading volumes continue to fall and no credible partnerships materialize, a drop below the $0.50 support could open the door for a slide to $0.10. This would not only mark a new low but also test the faith of early adopters and mobile miners.

However, if Pi Network manages to secure meaningful listings or real institutional backing, renewed momentum could propel the coin toward $1.00 or even higher. As Dr. Altcoin recently stated, “If Pi gains mass adoption over the next five years, its value proposition could outpace many mainstream altcoins.”

Ultimately, the lack of visibility and liquidity continues to limit broader investor participation and the coin’s trading potential.

According to CoinCentral, Pi Coin might rise to $5 by the end of May, contingent on potential exchange listings and positive developments from crypto conferences such as the Consensus Summit. Meanwhile, CoinCodex projects a more conservative price target of $2.02 under favorable conditions.