Pi Network (PI) continues a downtown vortex, as the distinctive symbol is now trading at $ 0.5869 – an amazing decrease of 81 % of its highest level in February about $ 3. Over the past three months, the price has been steadily eroded, leaving the early excitement about the project due to uncertainty, frustration and lack of support for the main exchange.
During the past 24 hours alone, the PI decreased by 2.3 %, and the support levels test are about $ 0.54. With more than 6.8 billion symbols trading and a fully diluted evaluation above $ 6 billion, concerns about alleviating the offer are increasing loudly. Analysts point out that continuous symbols are opened as a large price. More than 126 million PI have been opened recently, and more than 1.5 billion is scheduled to reach the market in 2025.
Technically, the graph is still weak. Pi is trading below the main intermediate averages and no significant signs appear on the reflection. RSI indicators are deeply exaggerated, but did not follow any large bounce. The distinctive symbol has lost approximately 70 % of its value, according to data from Coingecko.
Meanwhile, MACD remains firmly in descending lands, with low levels and low reduction, which enhances the declining direction. Any useful recovery requires a clean break more than $ 0.70 to challenge the following resistance near $ 0.90 – but so far, bulls have not appeared.
The broader issue that chases the project is its inability to secure the lists of major exchanges. Binance’s latest decision to leave the PI network outside its “vote to a list” is added only to concerns related to organizational compliance and transparency. Community enthusiasm has not been translated on the full screen during PIFest – to price support.
Raed PI mining incentives with user confidence tax
Moreover, the network mining rate has been reduced by 38 % since the launch of Mainnet, as it decreased to 0.0029 PI/H. While this can theoretically enhance the long -term scarcity, it is in the current environment, it is really frustrating users already to the shrinkage of the value of the bombed water symbols.
With confidence vibration and lack of stimuli in the short term, the PI network remains under severe pressure. The upcoming Mainnet launch may provide a lifeline, but without real benefit, KYC faster treatment, and strategic partnerships, still meaningful recovery in the short term. Currently, the PI Network reflects a harsh fact in the market: the vision will not stop the bleeding alone.
