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Bitcoin Aktie
CoinGape 2025-04-02 21:19:03

Pi Network Price Drops Below $0.70 as Bears Push Toward All-Time Low

Pi Network Price Drops Below $0.70 as Bears Push Toward All-Time Low

Pi Network (PI) price has fallen below the $0.70 mark, extending its downward trend over the past several days. The token has now recorded a 20% drop within one week as overall crypto market sentiment remains bearish. PI has continued forming lower lows, with bears intensifying pressure across multiple timeframes. The sustained decline has also caused Pi Coin to fall from CoinMarketCap’s top 25 rankings. This sharp pullback highlights the token’s growing vulnerability in the ongoing market correction. Pi Network Price Drops Slips $0.70; Is ATL on the Horizontal? Pi Network price has slipped beneath $0.70, nearing its all-time low of $0.6152 recorded in February 2025. The current price marks a 77% drop from the token’s all-time high of $2.98, which was reached just over a month ago. Since then, PI has shed more than $14 billion in market value, falling from nearly $20 billion to just $4.66 billion. The ongoing decline is driven by consistent supply pressure. More than 1.5 billion tokens are expected to enter circulation within the next year. This will increase the total supply to 8 billion tokens, with monthly unlocks peaking at 233 million in July. Despite significant community traction, PI remains absent from major exchanges like Binance, Coinbase, Kraken, and Bybit. The lack of top listings continues to weigh on sentiment, alongside ongoing concerns about token utility and inflation. Pi Network’s slide shows no immediate signs of reversing as selling pressure persists and liquidity challenges mount. Is Pi Coin Price Heading to $0.50? The latest Pi Coin price has dropped to $0.6729, nearing a key support level of $0.65 on the 4-hour chart. The decline continued a broader downtrend after Pi lost its footing near $1. Sellers have held control for weeks, and bulls struggle to regain momentum. The MACD indicator remains in negative territory. The signal line sits above the MACD line. This suggests a weak momentum crossover attempt, but the trend still leans bearish. The RSI has hovered near the oversold region. At the time of writing, the RSI stands at 32.03, showing limited buying strength. If bears break below $0.65, the next key level lies at $0.61. This is a critical psychological and structural support area. Below this, the Pi Network price prediction would enter uncharted territory and may create a fresh all-time low. Source: TradingView A recovery would face resistance around $0.7. Reclaiming this level may open a path to $0.8000. However, only a sustained close above $0.9 would confirm a trend reversal and invalidate the current bearish pattern. The post Pi Network Price Drops Below $0.70 as Bears Push Toward All-Time Low appeared first on CoinGape .

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