The native cryptocurrency of Pi Network has taken a significant hit this week. After a rapid 20% plunge in just two days, the Pi Network price now hovers around $0.61. Crypto experts warn that the digital asset could face another 35–50% decline due to severe token oversupply.
With over 100 million coins scheduled to unlock this month alone and 1.5 billion projected for 2025, market sentiment is increasingly bearish. The absence of listings on major exchanges, with negative technical indicators, fuels further uncertainty.
Oversupply Crisis Drains Pi Coin Strength
The supply dynamics around Pi coin are sending shockwaves through the market. A staggering 100 million new tokens are entering circulation this month. These tokens are contributing to a projected 1.5 billion new coins over the year. This rapid increase threatens to outpace demand, putting downward pressure on prices. While some early investors remain optimistic, the overwhelming influx is making it difficult for the token to stabilize.
Many crypto analysts are pointing to the supply-and-demand mismatch. Demand remains constrained partly because Pi coin is still not listed on major exchanges like Binance or Coinbase. This limits buying pressure and leaves existing holders vulnerable to sharp downturns.
Will Pi’s Chart Patterns Signal Recovery?
On April 18, PI/USD recorded a marginal decline of 0.94%, closing at $0.6102. RSI stood at 41.72, suggesting weakening buying interest. Meanwhile, MACD was at -0.1162, hinting at limited recovery potential. Despite a positive histogram reading of 0.0331, the chart reveals a falling wedge pattern.
Traders monitoring Pi coin technical signals have noted that momentum remains sluggish. The coin has yet to reclaim critical resistance zones. The indicators, like the RSI-based moving average, further reflect indecision in the market. Overall, the technical setup supports the narrative that the Pi Network price could lower if macro and token-specific factors do not improve.
Could Institutional Rumors Spark a Rebound?
While negative sentiment dominates current Pi news, there’s a silver lining in the form of speculation. Rumors are circulating that several major U.S. banking institutions may consider adopting Pi Network’s native token in blockchain testing or fintech applications. Although unverified, these rumors have injected a dose of optimism among holders.
Users have floated potential valuations between $10 and $30 should institutional adoption become a reality. While such projections are highly optimistic, they highlight the project’s long-term narrative.
Development Continues, But Risks Still Loom
Despite the troubling supply outlook, development on the Pi Network ecosystem continues. With its mobile-first mining model and large user base, the network retains potential for future use cases in decentralized apps and services. Strategic exchange listings or partnership announcements could also trigger a reevaluation of current price levels. Until the token unlocks are reduced or real demand materializes, any rally is likely to be short-lived. Continued attention to Pi coin technical signals and circulating supply metrics will be essential for traders trying to navigate these volatile waves.
Bottom Line: Is Pi Network Headed for Trouble?
At present, the Pi Network price stands at a crossroads. The huge token releases and limited market accessibility leave it highly susceptible to further declines. Without a clear shift in demand dynamics, the current trajectory may remain bearish. The rumors of future adoption could eventually support recovery. Traders and investors would do well to remain cautious and watch the technical and fundamental analysis.
Source: Coinfomania / Digpu NewsTex