While most cryptocurrencies have surged during the recent market rally, Pi Network has lagged behind. On Monday, it was trading at $0.2500, showing signs of weakness despite several bullish developments. These include significant exchange outflows and the launch of decentralized exchange (DEX) and automated market maker (AMM) tools on the testnet.
Bearish Flag Pattern Signals Trouble
The daily chart shows Pi Network fell to an all-time low of $0.1838 in September, mirroring a broader market dip. Although it rebounded, the price has stalled at the $0.2500 resistance level. A bearish flag pattern has now emerged, characterized by a sharp drop followed by sideways consolidation. This pattern, combined with the coin trading below its 50-day and 100-day exponential moving averages, suggests bearish momentum. Pi has also slipped beneath the $0.3223 support level, where it previously formed a double bottom in August and September.
Price Forecast Points to Further Decline
Given current technical indicators, the outlook for Pi Coin in 2025 remains pessimistic. The next major support lies at $0.1838, nearly 20 percent below its current price. If this level breaks, the coin could slide further toward the psychological threshold of $0.1500. However, a move above $0.3223 would invalidate this bearish scenario and potentially trigger a recovery.
Exchange Outflows and Testnet Launch Offer Hope
Despite its price struggles, Pi Network has seen millions of tokens withdrawn from exchanges, particularly OKX. Such outflows typically indicate investor confidence and long-term holding intentions. Additionally, the Core Team has introduced DEX, liquidity pool, and AMM tools on the testnet, paving the way for future DeFi applications within the Pi ecosystem. Still, price action remains muted, possibly due to a slowdown in whale accumulation and weak demand, reflected in daily volumes under $30 million and ongoing token unlocks.
Frequently Asked Questions (FAQs)
- What is causing Pi Network’s price to stagnate?
Low trading volume, increased token supply, and reduced whale activity are key factors.
- Is the bearish flag pattern a reliable indicator?
It often signals continued downward momentum unless invalidated by a breakout.
- Can Pi Network recover in 2025?
A move above $0.3223 could shift sentiment and open the door for gains.
