From $2.99 to $0.66: Is Pi Token's Hype Fading Fast?

Today, the crypto market is experiencing an overall downtrend, with most daily price changes being losses. This has led to negative Pi news today

Crypto News: Despite a slight recovery in the crypto market today, most daily price changes are still showing losses. This has led to more Pi news today, as the value of this token has dropped too.

Pi coin price decline has been continuing for a few days now, as it has reached 18.01% of weekly losses. The monthly statistics also show a significant value degradation as this coin has recorded a 61.08% fall in price. This also marks another new low in the recent performance as the coin is now very close to its all-time low.

From $2.99 to $0.66: Is Pi Token’s Hype Fading Fast?

Pi token’s ATL currently stands at $0.6157, which is only 12.0% lower than the current value of $0.6655. This all-time low, which was recorded on February 20, 2025, was the price at which this token started its mainnet launch. However, just six days later, the Pi token climbed to its all-time high of $2.99.

As of now, the Pi coin is down 76.9% from its ATH. Today’s decline also marked the day on which this token fell out of the top 25 cryptos based on market capitalisation. The market cap of this coin has fallen from almost $20 billion to $4.51 billion.

The significant loss of value, which gained momentum in March and has continued ever since, can be attributed to several factors. The external factors, like the US tariffs and general economic turmoil, include the increase in inflation. Such factors usually cause market-wide downtrends; you can rarely see a coin showing positive performance despite a market crash.

There are also external factors which make the price trend bearish, even if the whole market is green. One such factor for the Pi network has been the scheduled release of Pi tokens. This is also set to continue as 1.5 billion more coins will also be released this year.

Is a Pi Coin Reversal Coming? Indicators Say It’s Unlikely

Based on the technical analysis of the Pi coin price movement, we also didn’t find any signals for a reversal. The MACD indicator is also bearish as the signal line is above the MACD. Although this could mean a momentum crossover, the signal is too weak to lead to a reversal.

Another indicator also suggests a bearish sentiment as RSI stands at 32.03, showing a near oversold condition.

Chart 1 – Provided by Ann_mugoiri, published on TradingView, April 3, 2025.

As of now, Pi is still trading above the essential $0.65 support, which can stop the downward trend. A break of this support level could send the price down to $0.61, which is the next support level. This will be the furthest Pi token could drop, before it goes towards recording a new all-time low.

If the coin can recover, it will need to retake $0.7 resistance first. Then it can go for the $0.8 price point; however, the chance of a reversal is slim, only possible if Pi goes above $0.90.

The Fall of Pi? Why July Could Be a Disaster for the Token

Unfortunately, we also don’t have positive Pi news for you today as the selling pressure increases. This is because there are also a staggering 233 million Pi token unlocks happening in July.

Additionally, major exchanges have not listed Pi yet, as Binance, Coinbase, Kraken, and Bybit ignore this coin.

As such, the Pi network is in a dangerous spot as it might even fall deeper, reaching a new ATL.