Pi Token Struggles to Recover After Steep Weekly Drop

Today, the crypto market started with a bearish phase as most coins were in the red. Since then, most coins have recovered and are in the green now

Today, most coins in the crypto market started with a bearish phase as they were in the red. Since then, most coins have recovered and are in the green now. However, the losses from yesterday, March 31, are significant. As such, Pi news also follows this pattern, with a small daily price increase and significant weekly losses.

With yesterday’s decrease, the Pi token is now dangerously near its all-time low. As such, now there are worries that Pi will record a new ATL in Q2 of 2025. While most technical signals point to a bearish future, there is also the possibility of a bullish breakout.

Pi Token Struggles to Recover After Steep Weekly Drop

As of this writing, the Pi coin (PI) price stands at $0.7235, which is a 2.3% daily increase. However, PI coin’s weekly performance is bearish as it shows a 17.8% decrease in value. The 24-hour price range for this coin is low, at $0.682. This is just 14% higher than Pi token’s all-time low of $0.6157, which was recorded on Feb 20, 2025. The current value shows a decline of 76.0% from Pi’s all-time high of $2.99, reached on Feb 26, 2025.

Pi token has reached its lowest level since hitting its ATL in February. Amid this Pi news, there are increasing doubts about Pi’s performance in the second quarter of 2025. As such, in this analysis, we try to highlight the key levels to watch in this quarter. One important technical oscillator is the Exponential Moving Average, which signals a bearish future price movement. This is because the current price line has broken under the 20-day EMA. Such movement is a bearish price signal as this EMA was a support before and now works as an important resistance. Chart 1 – Provided by VictorOlanrewaju21, published on TradingView on April 1, 2025.

As highlighted in Chart 1, we can see that the Pi token’s price movement is within a descending triangle. To exit this downtrend, the Pi coin price needs to break through the roof of the triangle. As such, this descending channel is an important level to watch for finding out when the coin’s price becomes bullish. The Relative Strength Index is also in the bearish zone as it has now reached the 26.18 point. This shows that the selling momentum is increasing and that the asset is now in the oversold zone. RSI Signals a Reversal: A Closer Look

However, other than showing the momentum, the RSI also shows the possibility of a reversal in price. An RSI rating above the 70 suggests overbought condition which increases the possibility of a bearish reversal. A score below 30 however shows an oversold condition, which can also increase the possibility of a bullish reversal. Despite this, we could not find another technical signal that confirms the high possibility of a bullish reversal.

Can Pi Network Defy the Bears and Target $2?

So, a bearish future for Pi network’s token is the most likely scenario. This means that in Q2 2025, the Pi token will likely fall below its previous all-time low of $0.62. Additionally, if the macroeconomics continue to add to the selling pressure, it might fall below the $0.50 support. However, there is also a bullish scenario for the Pi coin, which breaks out of the descending triangle. In this bullish scenario, the $1.53 price point is an important resistance level. Additionally, the 0.618 Fibonacci ratio also shows a possible surge to $2.