Pi Network (PI) Cryptocurrency Price Prediction: Will the Token Recover From Its 80% Drop?

Pi Network (PI), the mobile-first cryptocurrency that launched its open mainnet in February 2025, has experienced a steep decline over recent months.

Pi Network's (PI) mobile cryptocurrency has seen a steep 80% decline from its February peak of $2.99, reaching a critical juncture in the coming weeks.

Its token price has slid to $0.59, struggling to recover amid waning investor interest.

One concerning factor is the dramatic drop in trading volume. In the past 24 hours alone, Pi Network’s trading volume plunged 49%, falling to $34.95 million. This ranks as one of the lowest volumes among the top 30 cryptocurrencies on CoinMarketCap.

The price action shows PI trading in a tight range between $0.58 and $0.60, failing to break through key resistance levels. This consolidation pattern has formed what technical analysts describe as a symmetrical triangle on the 4-hour chart.

Relative Strength Index (RSI) on the 14-hour time frame sits near neutral at 42, indicating neither oversold nor overbought conditions. However, the 30-period moving average (MA) continues to lag below the 200-period MA, suggesting a bearish trend.

The 50-period EMA at $0.6003 and the 200-period EMA at $0.7004 are both trending downward, providing little support for the price.

A confirmed break below the lower boundary of the current symmetrical triangle pattern could trigger a sell-off. The measured target of this pattern suggests a potential drop to $0.2965—a 53% decline from current levels.

"The current lack of exchange listings and declining activity raises flags. Without a strong catalyst, we may see the value of the Pi Coin continue to erode as traders shift their focus elsewhere," remarked one market analyst.

BNP Paribas Partnership Claims Debunked

Recently, the Pi Network community buzzed with rumors about a partnership between French banking giant BNP Paribas and Pi Network.

Posts on social media platforms and crypto forums claimed that integration with the bank's digital payment systems would be possible via the “Pi Nexus Banking System” APIs.

However, an investigation by Token Terminal revealed these claims to be false.

BNP Paribas has not confirmed any collaboration with Pi Network, and the APIs mentioned by crypto community members were built by multiple potential partners and not evidence of a formal deal.

A now-retracted article from Cointribune had cited a GitHub repository as evidence of the partnership. Researchers later discovered this repository was an unverified, independent file with no official connection to either organization.

The spread of this misinformation highlighted Pi Network's vulnerability to unchecked hype, as official channels did not intervene to correct the false claims.

Despite the hype surrounding a Binance listing, the exchange's strict criteria pose challenges for Pi Network.

In February 2025, Binance conducted a community vote regarding Pi Coin’s potential listing, with 86% of participants voting in favor. However, despite the overwhelming support, Binance has not yet confirmed listing the token.

Binance is known for its stringent listing criteria, emphasizing transparency, liquidity, and decentralization.

However, Pi Network's structure has raised concerns regarding its compatibility with Binance's listing requirements.

According to Binance's new listing rules, which came into effect in April 2025, the exchange prioritizes projects built on supported blockchains like BNB Chain.

However, Pi Network uses its own blockchain, which may be a factor in the delay.

Price Forecasts Widely Vary

Despite the current bearish trend, some analysts maintain optimistic price targets.

A report from CoinCentral suggested Pi Coin might reach $5 by the end of May, contingent on securing major exchange listings and positive developments from upcoming crypto conferences.

CoinCodex projects a more conservative $2.02 price target under favorable market conditions.

However, these bullish forecasts depend heavily on Pi Network overcoming its current challenges with liquidity, utility, and institutional credibility.

Overall, Pi Network's journey serves as a case study in the dynamics of a community-driven token with unique characteristics. Its mobile mining model has helped it build a large user base, but questions about real-world utility and exchange access continue to weigh on its market performance.

As of May 6, 2025, Pi Network was trading at $0.59, up 0.63% in the last 24 hours, but down 4% over the week.