Pi Network's Crucial Next Move: Burn or Bust?

The Pi token has recently seen major drops as it broke the psychological $1 support. As such, the Pi community has been doubtful of the Coin's future prospects.

The Pi token has recently seen major drops as it broke the psychological $1 support. As such, the Pi community has been doubtful of the Coin’s future prospects.

The pi coin reached an all-time high of $2.99 in February amid its network launch. Now, however, in less than one month, it has lost 72.5% of that ATH. As such, Pi now trades around the $0.8208 price mark and has fallen to 29th place based on market capitalisation. However, there is still hope for the future of this coin as technical analysis shows the possibility of a Pi price rebound.

Based on the market data, token unlocks continue to increase selling pressure as they enter CEXs. This is because the current daily release count shows the supply is higher than demand. However, the recent changes in the token release count might help with this currency demand problem.

Based on the market data, the daily token drop has decreased significantly, going from 13 million to 3.8 million. As such, if the market naturally regains its balance of supply and demand, a Pi price rebound is likely.

If the community can not absorb this amount, the price could crash further. To mitigate this, the pi network needs to start a token burning process and decrease the number of tokens. An estimated figure by crypto analyst, Dr Altcoin, suggests 60 to 100 million tokens to be burned. The Pi tokens belonging to 17914 Pioneers will soon be unlocked, increasing the urgency of an action by the Pi team.

With the ongoing token unlocks and the silence of Binance on the coin listing, the Pi token is in trouble. The unlock event has intensified the crash in Pi’s market, while the lack of listing frustrated the community.

As such, the value of the Pi coin saw a 24-hour decrease of 12.4% today, with a weekly decline of 30.7%. The Pi network is also experiencing falling trading activity, as we saw a 30.56% decrease in trading volume. This marks a decline below the $200 million for the network.

Chart 1 – Provided by AcolyteCrypto, published on TradingView, March 26, 2025

According to Chart 1, Pi price needs to be held in the range of $0.71 to $0.86. If it breaks below this range, the possibility of a further crash is high. However, if it maintains this range, investors can hope for a Pi price increase up to the $2 price.

Additionally, we can see a classic pattern of breakout from a falling price channel. Such a breakout can send the price of Pi coin soaring towards the $1.50 resistance price mark. If the bulls successfully break this resistance, we can see a rally to $2.

To reach a rebound in price, the Pi team needs to regain the community’s backing; however, some challenges still remain.

One pain point for the network is its centralised system, which means the team control the Pi SuperNodes. This has garnered criticism and creates worries of market manipulation. However, the Pi team has recently partnered with the community-made PiDaoSwap project, indicating efforts for further decentralisation.

With the technical indicators suggesting a possible Pi price increase, the only challenge that remains is the community and market sentiment. The Pi network’s team should be trying to uplift the community with positive news and updates. This could include partnerships with renowned companies or an increase in accessibility with listing on various exchanges. So the community is waiting for the developer team’s next action.