Pi Network (PI) Price: New Monthly Low of $0.5376 as Token Falls 69% Since March Peak

TLDR

• Pi Network (PI) has hit a new monthly low of $0.5376, down 69% from its March peak
• Technical indicators show oversold conditions with RSI below 20, suggesting a potential short-term rebound
• Resistance is expected at the $0.6817-$0.6915 range with negative Chaikin Money Flow indicating continued selling pressure
• Pi Network was not included in Binance’s Vote to List, limiting growth potential without major exchange listings
• Community concerns include lack of transparency, slow KYC integration, and restricted access for third-party developers

Pi Network’s cryptocurrency (PI) has experienced a sharp decline, reaching a new monthly low of $0.5376 on April 4. The digital asset has fallen approximately 69% since its March peak, leaving investors concerned about recovery prospects.

The price drop comes amid broader market challenges and internal issues that continue to plague the project. Trading volume has increased to $478 million, representing a 76% rise compared to previous levels, suggesting some investors are buying during the downturn.

Technical indicators offer mixed signals about PI’s short-term price movement. The Relative Strength Index (RSI) has dropped below 20 on hourly charts, placing the cryptocurrency in oversold territory. Historically, such conditions often precede temporary price rebounds.

Technical Analysis Points to Possible Short-Term Bounce

The oversold RSI reading below 20 typically signals that a short-term price rebound may follow. This indicator has been a reliable marker for temporary recoveries in PI’s price history.

However, any rebound faces strong resistance near the $0.6817 to $0.6915 range. This zone previously served as support but has now transformed into resistance following the recent downturn.

Pi Network Price on CoinGecko

The Chaikin Money Flow (CMF) currently sits at -0.23, indicating negative money flow. This metric suggests selling pressure remains dominant, with more capital flowing out of the token than entering.

On the hourly chart, the Ichimoku Cloud hovers well above candlesticks, further confirming the strength of the bearish trend. Without a significant catalyst, PI may struggle to break through established resistance levels.

Exchange Listing Challenges and Market Factors

One factor potentially limiting PI’s recovery is its absence from major cryptocurrency exchanges. The project was not included in Binance’s Vote to List program, which currently focuses only on BNB-related projects.

Without listings on platforms like Binance or Coinbase, Pi Network faces hurdles in attracting new investors. This absence suggests the price may struggle to maintain upward momentum unless it secures new exchange partnerships.

The broader cryptocurrency market environment also presents challenges. Investor risk appetite remains low to moderate, with many preferring less volatile assets over cryptocurrencies like PI.

Global economic factors, including trade disputes between the United States and other nations, contribute to pressure on the crypto market. These macroeconomic instabilities affect PI alongside other digital assets.

Community Concerns Mount Over Project Leadership

The Pi Core Team faces increasing pressure from the community. Many network participants believe leadership has become disconnected from issues affecting the project.

Despite participation from over 125,000 sellers in the PiFest event, community members express frustration over several ongoing problems. These include mainnet delays, slow Know Your Customer (KYC) verification processes, and the absence of major exchange listings.

Critics argue that the Pi Core Team should increase transparency in their communications. Monthly updates are described by some as artificial and failing to address key community concerns.

Some community members have recommended decentralizing the decision-making process to enhance accountability. Questions about the team’s readiness to manage an open mainnet have grown louder as the project faces its most challenging period since launching in 2019.

Internally, Pi Network struggles with slow feature releases and concerns about mainnet readiness. Critics point to leadership challenges in handling the project’s growth since its 2019 inception.

PiDaoSwap has voiced frustration over the delayed and dragged-out KYB process, even though their platform is already fully developed. This painful slowdown isn’t just affecting pioneers (with KYC approvals and mainnet migration)—it’s hitting the very ecosystems trying to build on… pic.twitter.com/tqPeLQ8oX6

— Pi Network – Open Mainnet (@Pi81Mall) April 4, 2025

Limited access for third-party developers remains another pain point. Restricted developer access hinders ecosystem growth and innovation, factors considered crucial for long-term success.

Despite positive statements from figures like Craig Steven Wright, the community’s complaints center on transparency issues, KYC integration pace, and developer access limitations. These internal factors, combined with market conditions, may hinder PI’s full recovery in the short term.

If Pi Network can successfully address these concerns and secure listings on major exchanges, its prospects might improve. Until then, any price rebounds may prove temporary rather than marking sustained recovery.

Without significant changes to project fundamentals or market conditions, analysts suggest PI could potentially drop further to test the $0.50 level in the near term.