Currently trading around $0.56, Pi Coin has lost over 77% of its value since reaching an all-time high of $2.98 in February 2025. This significant decline raises concerns about the token’s ability to maintain key support levels, with analysts now questioning if a further drop toward $0.50 is imminent.

Market Cap Shrinks Amid Supply Concerns

Pi Network’s market capitalization has plummeted from nearly $20 billion to just $4.66 billion, underscoring the severity of the downturn. One of the key concerns driving this decline is the token’s increasing supply.

Pi Network price drops to $0.5663, down 15.34% in 24 hours with a $345.6M trading volume. Source: PI Value Now via X

More than 1.5 billion PI tokens are set to be unlocked within the next year, bringing the total supply to 8 billion. This consistent influx of new tokens has placed downward pressure on Pi cryptocurrency value, making it difficult for the price to stabilize.

Lack of Major Exchange Listings Weighs on Sentiment

Despite its strong community backing, Pi Network Coin is yet to be listed on leading exchanges like Binance, Coinbase, and Kraken. The unavailability of this token has stopped it from attracting new investors and increasing trading volumes. Binance, for example, has twice rejected the listing of Pi Coin under its “Vote to List” initiative owing to regulatory compliance and transparency issues.

Pi Network (PI Coin) was trading between $0.54 and $0.56 at press time. Source: TradingView

Through the views of market experts, the absence of a Pi Network Binance listing continues to place bearish pressure on the token price as it limits liquidity and general market confidence. Without a tier-one exchange listing, the adoption of Pi Coin as well as its general acceptance in the mainstream is questionable.

Technical Indicators Point to Further Weakness

From a technical standpoint, the Pi Network price is showing bearish trends. The Relative Strength Index (RSI) stands at 32.03, near the oversold zone. Moving Average Convergence Divergence (MACD) remains in the negative region, which means the sellers remain in control.

Pi Network price has dropped below the 50, 100, and 200 EMAs in the 4-hour chart, suggesting a strong bearish sentiment. Source: DEXWireNews on TradingView

If the price of PI Coin cannot regain the $0.60 support level, the following notable support is predicted to be at $0.50. To the upside, a reversal would be necessary to witness PI trading back above $0.65 once again, and again at $0.70 and $0.80. However, present trends suggest downward pressure is going to persist unless there is a change in fundamentals in market attitudes.

Community Frustration Grows

The Pi Network community has expressed growing frustration over the lack of transparency from the Pi Core Team (PCT). Many investors and supporters are calling for clearer communication regarding exchange listings, token utility, and mainnet developments.

Pi Network community reacts with frustration as early miners feel sidelined while new recipients cash out, undermining long-term value. Source: X

Recent reports indicate that despite Pi Network’s participation in PiFest and growing merchant adoption, sentiment remains negative. “We need real updates and concrete action from the Pi Core Team, not just marketing campaigns,” one community member stated.

Is There Hope for a Recovery?

Despite the recent downturn, there are certain analysts who still remain optimistic about the future of Pi Network. A successful listing on a big exchange along with improved transparency and compliance may very well drive a turnaround in Pi cryptocurrency prices.

Pi Network price is already oversold and could rebound for a bullish reversal from the $0.50-$0.57 support zone. Source: SufficinetHope31983 on TradingView

However, until these developments materialize, Pi Coin remains under intense selling pressure. Investors should closely observe whether Pi Network is able to sustain support at $0.50 or more as downtrends lie ahead.

In the meantime, Pi Network’s market is at risk, and its long-term destiny will be determined by upcoming developments within the ecosystem and broader crypto universe.