Pi Network Technical Analysis Points to Potential Recovery Despite Recent Slump

Pi Network (PI) has decreased by 3.5% in the past 24 hours, now trading at around $0.58. The cryptocurrency is following a downward trend, having dropped more than 10% over the last week.

Despite the bearish momentum, several technical indicators and upcoming events suggest that PI coin might be nearing a reversal.

At the 50-day simple moving average of $0.82, Pi Network is encountering strong opposition, trading 80% below its all-time high of $2.99. Technical markers present a mixed picture:

This higher volume despite lower prices would indicate accumulation at lower levels and renewed interest in the token.

Token dilution remains a key challenge for Pi Network. With an estimated 131 million tokens set to be released monthly over the next year, April saw 21.4 million new tokens—valued at around $12.3 million—enter the market.

Together with the Pi Foundation, A targeted token burn could help to solve dilution problems and maybe sustain the price. Comprising roughly 70 billion PI tokens worth more than $40 billion, the foundation is planning to introduce the token on major exchanges in Q4 2025.

Bitget Wallet COO Alvin Kan claims that the initial momentum of Pi Network has faded. The initiative needs to quickly enable sustainable development by:

Another issue is the inverse correlation with Bitcoin (-0.11), as Pi’s price might be subject to more pressure as Bitcoin’s ascent toward $100,000 continues.

Two large-scale events could trigger a comeback in the Pi Network price:

The startup is set to appear at several industry conferences in May, presenting an opportunity to announce new developments and rally community support.

The events will be crucial for the cryptocurrency to regain lost ground and spark interest among traders and investors.

May could be crucial for Pi Network even under pressure if the team uses conference appearances to solve fundamental issues. A break over $0.8727 would indicate a possible trend reversal; however, without improvements in utility and exchange accessibility, token locks will continue to challenge price increases.

As one expert noted, “May 2025 may not be the time for Pi to moon, but it needs to be the time Pi matures.”