Pi Network Price Sees a Small Bump — But Is the Hype Finally Fading?

Updated

May 26, 2025

Gambar Pi Network Price Sees a Small Bump — But Is the Hype Finally Fading?

Jakarta, Pintu News – Pi Network (PI) has recently faced a difficult time in its price movement. After dropping below the $1 mark, its recovery efforts now seem to be losing steam.

In contrast to the previous rise, current market conditions suggest that Pi Network may face a greater challenge to break the $1.00 price level again.

Then, how is Pi Network’s current price movement?

Pi Network Price Up 1.2% in 24 Hours

On May 26, 2025, the price of Pi Network (PI) was recorded at $0.7885, having risen 1.2% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,176), then 1 Pi Network is IDR 12,755.

Over the last 24-hour period, the price of PI moved within a range of $0.763 to $0.7913, showing moderate volatility but with a gradual upward trend.

PI’s market capitalization currently stands at around $5.71 million, while its fully diluted valuation stands at $8.78 billion. Trading volume over the past 24 hours was also quite high, standing at $109.7 million, signaling increased market activity.

Pi Network Starts to Lose Its Appeal

Reporting from BeInCrypto (5/24), the Average Directional Index (ADX) is currently at 32, which means it exceeds the threshold of 25. This figure indicates that the ongoing trend is getting stronger.

In this context, the Pi Network’s trend direction is to the downside, which reinforces the negative sentiment among traders and investors.

Another technical indicator, the Parabolic SAR, also shows a signal of further decline. The dots of the indicator are above the candlestick chart, which is a classic sign that the price is likely to continue declining.

Such technical signals usually make market participants more cautious and may trigger greater selling pressure.

The Pi Network price also shows a weakening correlation with Bitcoin, with a current correlation value of 0.25 and decreasing. This low and weakening correlation indicates that PI price movements are starting to be independent and no longer follow Bitcoin movements much.

This separation of direction is quite important, especially since Bitcoin has just set a new all-time high and has the potential to continue rising. However, Pi Network is unlikely to be boosted by Bitcoin’s upward momentum, given the diverging price dynamics of PI.

This declining correlation indicates that PIs could struggle to keep up with the upward trend in Bitcoin prices.

Pi Network Price Attempts to Rise

With the current price at $0.77, Pi Network needs to increase by around 28% to reach the $1.00 level again.

However, given that technical indicators point to an increasingly strong downward trend and a weakening correlation with Bitcoin, the price target seems quite ambitious in the short term.

Increasing bearish sentiment could further erode investor confidence, which could eventually lead to more selling pressure.

If the price falls through the crucial support level at $0.71, then PI is at risk of continuing its decline to the $0.61 range. This decline will reinforce the negative outlook on PI’s price movement.

On the other hand, if the general market conditions improve, Pi Network still has a chance to break the resistance levels at $0.78 and $0.87.

If both points are successfully crossed, then the current bearish scenario could be invalidated and pave the way for another attempt to reach the $1.00 price target.

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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.

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