Pi Coin Price Prediction Ahead of May 10: Can Pi Network Rise After Falling 80%?

Jakarta, Pintu News – After experiencing a drastic price drop of up to 80% from its peak last February, Pi Coin is now under the spotlight of crypto investors. Although Pi Coin’s price currently stands at around Rp9,565 (equivalent to $0.58, at an exchange rate of Rp16,491/USD), market interest in the asset has fallen sharply. Slumping trading activity and weak technical indicators raise the question of whether Pi Network can recover or if it will continue its downward trend.

Trading Volume Plummets, Signaling Market Unwillingness

One of the key indicators reflecting Pi Coin’s current weak performance is its trading volume. From reaching IDR57 trillion ($3.5 billion) per day in February, trading volume has now fallen below IDR660 billion ($40 million). This drastic drop reflects significantly reduced market interest and suggests that liquidity and sentiment towards Pi Coin is weakening.

This drop in volume also goes hand in hand with a significant drop in price. In the past week alone, Pi Coin recorded an additional decline of 10%. This situation makes many investors hesitant to re-enter the market, given that there are no strong signals of recovery from the fundamental or technical side.

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Technical Indicators Are Still Negative

In terms of technical analysis, indicators are currently showing that bearish pressure is still dominant. On the four-hour chart, the Bollinger Bands show a narrowing of volatility, a pattern that often precedes the next big price move. However, the Awesome Oscillator indicator is in the negative zone at -0.0073, signaling that selling forces still rule the market.

In addition, Pi Coin’s price is still trading below its 20-day exponential moving average (EMA), and the Bull Bear Power indicator is also giving a negative signal. These indicators combined suggest that selling pressure is likely to continue to dominate in the near term, barring a significant surge in trading volume.

Short Term Price Targets and Rebound Potential

According to CoinCodex’s price prediction model, there is a possibility of Pi Coin’s price rising by approximately 12.13% in the short term, towards a range of IDR10,749 ($0.65187). However, this upside potential is highly dependent on increased trading volumes and changes in market sentiment. If the selling pressure continues, the critical support level is around IDR6,596 ($0.40), which could be the next testing area.

On the other hand, in the event of an unexpected surge in volume, the price could move up to resistance around Rp12,184 ($0.74). In an optimistic scenario, Pi Coin’s price could even try to break the psychological threshold of IDR16,491 ($1), although this scenario currently looks difficult to achieve.

Pi Network’s Long-term Outlook: Contrasting Optimism

Despite the current disappointing performance, some long-term predictions still show optimism. A prediction model from CoinCodex estimates that Pi Coin could reach IDR 31,370 ($1,904305) by June 2025, which translates to an increase of about 228.09% from its current price. However, the discrepancy between this optimism and technical reality as well as the low trading volume are important notes for potential investors.

The Fear & Greed index shows a level of 67 (Greed), which historically indicates high buying interest in the market. However, with only 43% green trading days in the past month, this data shows a mismatch between market sentiment and Pi Coin’s actual performance.

Conclusion

Pi Coin is facing major challenges after a sharp drop in price and trading volume. Although some short-term predictions suggest the possibility of a limited recovery, technical indicators and declining market interest signal that the path to recovery is still long and full of risks. Market participants in the crypto sector need to consider these factors carefully before making an investment decision on Pi Network.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Loredana Harsana / Watcher.Guru. Pi Coin May 10 Forecast: Can Pi Network Recover After 80% Meltdown? Accessed May 7, 2025.
• Featured Image: Coinpedia