Jakarta, Pintu News – The Pi Network’s price chart shows signs of growing tension, with price movements remaining in a narrow range and trading volumes continuing to decline.
Currently, attention is focused on the crucial support level around $0.60. The question is – will Pi be able to hold this level, or will it experience a sharper correction if the price drops below this limit?
Launched in 2019, Pi Coin is a blockchain-based cryptocurrency that allows mining via smartphones, making it easily accessible to many.
Read also: Pi Network Price Slips 1% to $0.6426 — Is a Further Decline Ahead for Pi Coin?
After a long wait, Pi was finally officially listed on exchanges in February 2025. While it was originally expected to launch at around $50, it opened at around $3 and then fell sharply to near $0.60 – a drop of around 78% from its peak price.
Nonetheless, Pi Coin continues to attract attention due to its unique mobile phone-based mining model as well as its massive user base of over 35 million people.
Currently, Pi is struggling to break the resistance level around $0.79, while buyers are hesitant to enter at lower price levels. Key technical indicators such as RSI, MACD, and Stochastic RSI show weakening momentum, with most signals trending bearish.
A descending wedge pattern has also formed since mid-May, but the price is still trapped within the pattern.
According to CoinDCX, Pi Network is expected to start the month of November 2025 with a bullish sentiment, breaking the $2.00 level again and potentially rising to a range of $2.38 to $2.40 by the end of the month.
Here are some of the challenges faced by Pi Network
There are claims that the Pi Network could reach a price of $1,000 or more. However, such projections are considered far-fetched.
Read also: Pi Network’s Massive Sell-Off Continues, PI Price Plummets to Weekly Low!
If that price is reached, Pi’s market capitalization will surpass $6 trillion – a far cry from its current estimated valuation of around $500 million.
This upward momentum is expected to continue in December, pushing prices to the $2.75 to $2.80 range.
Despite being listed on exchanges, Pi Network has yet to launch a full mainnet. This casts doubt on the project’s real-world capabilities and long-term viability.
Pi Coin is currently only available on a handful of exchanges, which limits accessibility and reduces overall trading volume.
Like many other cryptocurrencies, Pi Coin faces unclear regulatory challenges, which further makes investors cautious.
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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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