Pi Network (PI) Nears All-Time Low — Oversold Signals May Not Prevent New Bottom

Key Takeaways

• PI’s price has plunged 25% in the past week, nearing its all-time low amid sustained selling pressure.
• The descending triangle pattern suggests a continued downside, with the RSI showing an oversold position.
• The daily chart confirms the bearish trend, with PI’s price falling below the 20-period EMA on the daily chart.
• Interested in buying or selling PI coin? Read our review of the best exchanges to buy and sell PI.

PI, the native cryptocurrency of the Pi Network, has faced relentless selling pressure, plunging 25% in the past week to its lowest level since Feb. 22.

This sharp decline was not solely driven by sell-offs but also by waning demand for the token. As a result, PI now sits just 14% away from retesting its all-time low.

What’s next for PI as the second quarter of 2025 approaches? This analysis examines potential price movement and key levels to watch.

PI Risks Going From Peak to Bottom

PI’s price reached its all-time high of $2.98 six days after it became tradable. Since then, it has been challenging to break replicates of such performances with previous attempts ending in rejection.

Due to this, the PI/USD 4-hour chart shows that the altcoin has been trading within a descending triangle. By trading within this pattern, PI might find it challenging to experience a price increase if it fails to break the upper descending channel.

Amid this decline, the Relative Strength Index (RSI) reading has dropped to 26.18. While the RSI measures momentum, it also shows when an asset is overbought or oversold.

Looking for a safe place to buy and sell PI? See the leading platforms for buying and selling PI.

Readings above 70 suggest overbought conditions, while those below 30 indicate an asset is oversold. Currently, PI’s RSI signals that the cryptocurrency is in oversold territory.

However, despite this classification, there are no clear signs of an imminent trend reversal, suggesting that the bearish momentum could persist.

However, despite this classification, there are no clear signs of an imminent trend reversal.

PI Coin Price Breaks Key Support

Another indicator suggesting that PI’s price might keep trading lower is the Exponential Moving Average (EMA), a technical oscillator that measures trend direction.

The trend is bullish when the EMA is below a cryptocurrency’s price. However, if the price is below the EMA, it indicates a bearish trend.

On the PI/USD daily chart, PI’s price has slid under the 20 EMA (blue), indicating that it has lost hold of key support. Due to this technical setup, PI’s price might not recover in the $1 direction.

Instead, the cryptocurrency’s value will likely fall to $0.62 — its all-time low. If selling pressure increases, the value might sink below $0.50, making it challenging for PI to rebound.

On the other hand, PI might avoid further decline if buying pressure picks up. A surge in demand might push the market value above the upper trendline of the descending triangle.

If confirmed, the PI could climb to $1.53, aligning with the 0.382 Fibonacci level. Further demand at this stage might propel the price toward $2, near the 0.618 Fibonacci ratio.