Is Pi Network poised for a rebound? Analyzing oversold signals, trading volume, and whale activity to predict Pi's next move.

Pi Network Price Prediction: Oversold Signals or More Downside?

Pi Network's price has taken a tumble, sparking debate about its future. With oversold signals flashing, is a turnaround imminent, or are deeper dips on the horizon? Let's dive into the factors influencing Pi's price and what the experts are saying.

Pi Network Price Nears Crucial Support

After peaking near $3, Pi Network Coin has slid to around $0.54. Currently, the token clings to horizontal support at $0.55, a critical level for bulls. Technical indicators like the Relative Strength Index (RSI) and Money Flow Index (MFI) point to oversold conditions, with the RSI near 35 and MFI dipping below 20. Historically, these levels often precede price recoveries, especially when accompanied by a volume spike.

Trading Volume Collapse Clouds Recovery

Despite oversold signals, recovery faces headwinds. Pi Network's trading volume has plummeted from $3 billion daily in February to under $100 million. This decline suggests waning interest, making it harder for Pi to breach resistance at $0.85 and reclaim the $1 mark. The strength and power to go up is gone with an always decreasing trading volume.

Exchange Supply Surge Raises Sell Pressure

Adding to bearish concerns is the surge in Pi Coin stored on centralized exchanges (CEXs). Since March, CEX holdings have jumped over 30%, from 263 million to nearly 347 million tokens by mid-June. Gate.io leads with 163.2 million PI tokens, followed by Bitget and OKX. The rising exchange balances coupled with falling trading activity is often seen as a bearish divergence.

Whale Activity Sparks Mixed Reactions

A Pi Network whale has acquired over 290 million tokens in three months, valued at approximately $150 million. Some view this as bullish, hinting at confidence ahead of a major listing like Pi Network Binance, while others worry about wealth concentration's impact. The whale’s acquisition spree began on March 6 and continued through mid-June. If PI returns to its ATH of $2.98, this whale’s holdings would be worth nearly $900 million.

Barriers to Recovery Remain

For now, Pi Network Coin price hovers around $0.54, with resistance at $0.57 and stronger levels at $0.61 and $0.71. If bulls reclaim $0.57, the Pi token may rally toward those levels, especially if accompanied by an uptick in volume and momentum. If PI fails to hold the $0.51 support level, the Pi Coin value could fall further, potentially revisiting the $0.40 ATL.

Community Sentiment and Pi’s Future

The Pi Network community remains committed to the project, many pegging the Pi cryptocurrency value to the Global Consensus Value (GCV) of $314,159. Still, frustration lingers over the Pi Core Team’s silence. The lack of clarity around a Pi mainnet launch, utility, and Pi wallet functions has led to skepticism. Price doesn’t reflect our faith in Pi, but we need action from the Core Team to regain momentum.

Pi Network: More Than Just a Coin?

Pi Network stands out for building what may become the largest KYC-verified crypto community in history before its mainnet fully opens. With over 47 million engaged users and a robust KYC framework, Pi Network is no longer just an experiment in mobile mining—it’s a social movement in blockchain adoption. Unlike many projects that launch with anonymous Telegram groups and pump bots, Pi Network’s value is in its people—millions of them, verified through facial recognition, ID checks, and in-app behavior.

Final Thoughts

The short-term path for PI remains uncertain, with technicals flashing mixed signals. While indicators suggest a possible rebound, collapsing volume, surging exchange supply, and community frustration may hold back any sustainable rally. Traders and Pioneers are watching closely, waiting to see if the current dip becomes a historic buying opportunity—or a prelude to new lows. One thing is for sure, Pi Network is never short of drama!