Pi Network Price Continues to Fall, PI Coin to Hit an All-Time Low?

Jakarta, Pintu News – Pi Network experienced a sharp decline of more than 10% in the past week, despite the general crypto market starting to show signs of recovery. The altcoin’s market capitalization dropped to $4.1 billion, as selling pressure remains very strong against the PI token.

With bearish pressure continuing to build, there is a high probability that PI will return to near its all-time low price around $0.40.

Pi Network Price Drops 1.1% within 24 Hours

As of today, May 5, 2025, the price of Pi Network (PI) is recorded at $0.5876, a decrease of 1.1% in the last 24 hours. If converted to rupiah at the current rate, which is $1 = IDR 16,443, the price of Pi Network to rupiah is around IDR 9,662.

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Throughout the period, PI prices moved within a range of $0.587 to $0.6078, showing moderate volatility amidst market sentiment that has yet to fully recover.

Pi Network’s market capitalization currently stands at around $4.13 billion, while its fully diluted valuation stands at around $6.36 billion. Daily trading volume was recorded at $71.63 million, reflecting fairly active market activity.

Risk of Deeper Decline for PI Coin

Although the general market is showing some strength, investor sentiment towards PI coin is still weak. Technical indicators also suggest that the token’s price decline could continue.

The Relative Strength Index (RSI) indicator, which measures market conditions whether an asset is overbought or oversold, continues to show a decline. This reflects weaker demand and increasing selling pressure.

As of May 3, 2025, PI Coin’s RSI was on a downward trend at 39.78. This value indicates weakening momentum and places the token slightly above oversold territory, meaning continued selling pressure could trigger further price drops.

In addition, Pi Network’s on-balance volume ( OBV) also declined, indicating shrinking buying interest and reduced investor accumulation. Currently, the OBV value stands at -1.26 billion, down about 15% in the past week.

OBV measures buying and selling pressure based on volume flow against price movement. When the OBV drops like this, it means that more volume is associated with selling than buying. This indicates weakening investor confidence and the potential for further price declines.

PI Token at Risk of Retesting All-Time Low Price

The PI’s ever-declining Chaikin Money Flow (CMF) indicator further reinforces the bearish view. On May 3, the indicator that monitors the inflow and outflow of funds on an asset was below the zero line, at -0.15.

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This negative number reflects the strong selling pressure in the PI spot market. If this trend continues, there is a possibility that PI will hit its all-time low of $0.40 again.

However, in the event of a bullish trend reversal, the price of PI could be pushed up to $1.01.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Network Sinks, Bears Eye All-Time Low. Accessed on May 5, 2025