Pi Network (PI) Price Today Shows Movement That Has Caught the Attention of Crypto Investors

The price of Pi Network (PI) coin in Indonesia today, May 2, 2025, shows movement that has crypto investors interested. After seeing a large drop in April, PI is now starting to show signs of recovery.

How much is 1 PI in Indonesia today?

The price of Pi (PI) coin is currently $0.5997, which is down 5.24% in the last 24-hour period. The 1-day price chart shows a gradual decrease since its peak at around $0.6312.

The price movement had a tendency to decrease smoothly throughout the day, with some mild resistance at the middle of the day. But, it continued to become weaker until it reached the daily low value at around $0.599.

The fundamental data shows that Pi’s market capitalization is $4.19 billion (decreased by 4.95%), with a 24-hour trading volume of $71.34 million, which shows a sharp decline of 39.37%. The total supply and maximum supply are both 100 billion Pi, while the current circulating amount is 6.99 billion Pi.

Despite the price pressure, community sentiment towards Pi is still very positive, with 88% of the 3.9 million votes being bullish and only 12% being bearish.

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network (PI) coin has been decreasing since it hit a high of nearly $3 in February, despite some brief rebounds along the way.

The price of PI fell 18% in April

By the end of April, the price of PI had fallen by 18%, sliding from $0.73 to $0.58 after failing to break through a critical resistance level. However, as May approaches, there are signs that the price of PI could recover.

Why could the price of PI rebound in May?

Between March 14 and early April, the price of PI moved in a descending channel pattern, which led to a sharp decline from $1.69 to $0.57. However, in late April, the price started to consolidate, with a low of $0.55 and a high of $0.73. Although the price tried to rise, the market was sluggish, and there was no sign of a breakout.

One technical indicator that shows changes is MACD (Moving Average Convergence Divergence). This indicator measures the strength of a market trend using two exponential moving average (EMA) lines. When the shorter EMA crosses above the longer EMA, it’s called a bullish signal, which is a sign of potential price increases.

Currently, on the daily chart, MACD is showing a positive signal, and the 12 EMA line has crossed the 26 EMA upwards, signaling a potential bullish divergence. If this trend continues, the price of PI could soon start to erase April’s losses within the first few days of May.

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This content is intended to be an addition to readers' knowledge. Pintu collects this information from various relevant sources and is not influenced by any party. An asset’s past performance does not necessarily determine its future performance. Crypto trading activities are known for high risk and volatility. Always do your own research and use cash that you can afford before investing. All activities related to buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.