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The Pi Network price has experienced a significant downward trend this year, as investors remain hesitant to engage actively. After its mainnet launch in February, the Pi Coin initially surged to nearly $3 but has since declined sharply to its current value of $0.7925, resulting in substantial losses for investors.

Key Reasons Behind Pi Network’s Price Decline

Several factors have contributed to the drop in Pi Network’s price:

Lack of Major Exchange Listings

Despite a successful mainnet launch, most mainstream cryptocurrency exchanges have not listed Pi Network. This includes well-known platforms such as Binance, Coinbase, Bybit, Kraken, and Upbit. The absence of these listings has limited the token’s accessibility and trading volume.

Binance, the largest cryptocurrency exchange, conducted a poll in February, where over 85% of participants favored listing Pi Coin. However, Binance has yet to take action on this. Additionally, Bybit’s CEO has labeled Pi Network as a scam, a claim that the developers have strongly denied.

On a positive note, there is potential for these exchanges to list the token later this year. If listed, Pi Network could see a substantial boost in price, similar to the Orca token, which surged over 200% after being listed on South Korea’s largest exchange, Upbit.

Impact of Token Unlocks

Another factor weighing on Pi Network’s price is future token dilutions. Data indicates that millions of Pi tokens will be unlocked each month, with over 1.6 billion tokens expected to be unlocked within the next 12 months. Token unlocks increase the supply in circulation, which can dilute the value of existing holdings.

Broader Crypto Market Downturn

The ongoing crypto market crash has also contributed to Pi Coin’s decline. Leading cryptocurrencies like Bitcoin (BTC) and various altcoins have faced significant sell-offs in recent months, driven by macroeconomic concerns such as tariffs and regulatory uncertainties.

Pi Network Price Analysis

Technical analysis of the Pi Network price reveals some interesting dynamics:

The four-hour price chart indicates that Pi Coin has been under pressure, with buyers remaining inactive. However, there are signs that the sell-off may be losing momentum:

  • Average Directional Index (ADX): The ADX, which measures the strength of a trend, has dropped to 15 from last month’s high of nearly 60. This suggests a weakening bearish trend.
  • BBTrend Indicator: A bullish divergence pattern has emerged on the BBTrend indicator, which tracks the spread of the Bollinger Bands, signaling a potential reversal.
  • Falling Wedge Pattern: The price is nearing the confluence point of the falling wedge pattern, a bullish reversal setup commonly observed in technical analysis.

What to Expect Ahead

Given these factors, the Pi Coin price may experience a strong bullish breakout in the near future. Analysts are eyeing $1.7980 as the next key resistance level, which would represent a 127% increase from the current price.

While uncertainties remain, including the potential for further dilutions and broader market instability, the technical indicators suggest that Pi Network could soon see a recovery. Investors should monitor developments closely, particularly any announcements regarding major exchange listings or changes in market sentiment.

Stay informed about the latest updates in cryptocurrency, investing, and finance.

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