Pi Network’s Price Plummets: What Could Go Wrong?

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Oh, look! Pi Network’s price has been as exciting as a spreadsheet of tax documents, but at least that spreadsheet has a clear purpose. 📊

  • Pi Network price remained in a tight range on Monday. Because nothing says “excitement” like a cryptocurrency that’s basically a nap in a bottle. 🥱
  • The daily volume dropped to just $6 million. For reference, that’s less than the amount of money I’ve ever spent on a coffee. ☕️
  • It has formed a rising wedge pattern, pointing to more downside. Because nothing says “investment opportunity” like a triangle that’s clearly heading for a cliff. ⚠️

Pi Coin (PI) token was trading at $0.2075, much lower than the all-time high of ~$3, which it reached shortly after the mainnet launch. So, in case you were wondering, the mainnet launch was like a party where everyone left early. 🎉

The ongoing consolidation is largely because of the waning demand among investors. Data compiled by CoinMarketCap shows that its volume in the last 24 hours was just $6 million, a tiny amount for a cryptocurrency with a market capitalization of over $1.7 billion. For reference, that’s about the same as the amount of money I have in my savings account. 💸

Pi Network’s volume waned even after the developers launched new tools to make it faster for its developers to incorporate payments to their applications. The new tools include the Pi SDK and backend APIs to ensure that they can integrate these payments within minutes. Because nothing says “revolutionizing the crypto world” like a tool that takes minutes to set up. 🕒

Pi’s team is also working on the decentralized exchange, automated market, and token creation tools, which will be launched later this year. They hope that these tools will help to boost Pi’s utility over time. Because if you can’t trust a network that’s supposed to be decentralized, what can you trust? 🤔

There are a few reasons why Pi Network’s volume has dropped in the past few months. First, unlike most tokens, Pi is not listed in most mainstream exchanges like Coinbase and Binance. So, if you want to trade Pi, you’re basically stuck with a crypto version of a dusty attic. 🏚️

Second, there are concerns about the daily token unlocks, which are increasing its supply. The network will unlock over 1.2 billion tokens this year. Because nothing says “value” like printing more money. 💸

Further, Pi is a highly centralized network in the crypto industry, with the obscure Pi Foundation holding billions of tokens. So, if you’re looking for a decentralized network, you might want to check the “centralized” section. 🏢

Pi Network price is at risk of a deeper dive

The daily chart shows that the Pi Coin has formed highly bearish chart patterns, pointing to more downside. It is in the process of forming a rising wedge pattern, which is made up of two ascending and converging trendlines. Because nothing says “investment advice” like a triangle that’s clearly heading for a crash. 🚧

The coin has also formed a bearish pennant pattern, a common continuation sign. It remains below the 50-day Exponential Moving Average and the Supertrend indicator. Because if you can’t beat the market, join the trend. 📉

Therefore, the most likely Pi forecast is bearish, with the next key target being at $0.1918, its lowest level in December. A drop below that target will raise odds of it reaching its all-time low. So, if you’re looking for a crypto that’s going to make you feel like a fool, Pi is your guy. 😂

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2026-01-12 18:53