The status of Pi Network coin for this new week (June 22, 2025)
Based on the available information from web sources, here is an analysis of the Pi Network coin's situation (PI) for this week with general trading recommendations:
Current situation of Pi Network coin:
• Current Price: According to OKX, the current price of Pi Network coin is approximately $0.50990, down 5.65% over the past 24 hours, with a market cap of $3.80 billion.
• Trading Volume: The coin has seen a 31.40% increase in trading volume over the past 24 hours, indicating increased market activity.
• Weekly Performance: The coin's price has decreased by 4.50% over the past seven days, reflecting weaker performance compared to the global cryptocurrency market (which declined by 3.20%) and other Layer 1 coins (down 3.90%).
• Fully Diluted Market Cap (FDV): Approximately 291.43 billion SAR (equivalent to about 77.7 billion USD), assuming the maximum supply is traded (100 billion PI).
• All-time High and Low: The coin recorded its all-time high at $2.99 and a low of $0.1837 in February 2025.
• Network Stage: Pi Network entered the open mainnet phase in February 2025, allowing the coin to be traded on major exchanges like OKX, Gate.io, and Bitget.
Factors Influencing Price:
1 Supply and Demand: The value of PI heavily depends on supply and demand dynamics. Increased demand relies on the coin's adoption in practical applications, such as peer-to-peer (P2P) payments.
2 Market Activity: Increased trading volume indicates growing interest, but the recent price drop may reflect selling pressure from investors or market instability.
3 Volatility: PI is a volatile coin, providing profit opportunities but also involving high risks.
4 Whale Activity: Large holders of PI may significantly impact the price through large sell or buy orders.
5 Adoption and Development: The PiFest 2024 event showed engagement with merchants (over 27,000 active sellers), enhancing confidence in future adoption. However, trading remains constrained in some aspects due to the testing phase.
Technical Analysis:
• Support and Resistance: The coin is currently trading near a support level of about $0.50. The main resistance level is at $0.67 (2025 forecast). Breaking this level could push the price towards $1 or higher.
• Technical Indicators: Current sentiment towards the price is bearish based on technical analysis, with a price drop over the past week. However, positive news or increased adoption could lead to a trend reversal.
• Price Forecast:
◦ 2025 forecasts range between $0.677 (Gate.com) and $51.25-63.86 (bitcoinarabic.com), but the latter seems exaggerated based on current performance.
◦ In the short term, the price may remain in the range of $0.50-0.65 unless significant news occurs.
Trading Recommendations:
1 For short-term traders (Day/Swing Traders):
◦ Strategy: Wait for a test of the support level at $0.50. If the price stabilizes above this level with increased trading volume, it may signal a buy with a target of $0.60-0.65.
◦ Exit Point: Set a stop-loss order at $0.48 to reduce risks.
◦ Catalysts: Watch for news related to the coin's listing on new exchanges or mainnet updates.
2 For long-term investors (HODLers):
◦ Strategy: If you believe in the potential of the project (such as widespread adoption and mobile mining), consider buying at the current dips (around $0.50) and holding for 1-2 years.
◦ Risks: The project is still in an early stage and may face regulatory or technical challenges. Be sure to allocate only a small portion of your portfolio.
◦ Forecast: If the network succeeds in increasing adoption, prices may reach $1-5 by 2026-2027.
3 Risk Management:
◦ Do not invest more than you can afford to lose, as PI is considered a high-risk investment due to its volatility.
◦ Diversify your portfolio with other assets (such as Bitcoin or Ethereum) to reduce exposure to PI risks.
◦ Use tools like stop-loss orders and take profit orders to protect your capital.
4 Recommended Exchanges: PI can be traded on platforms like OKX (PI/USDT pair), Gate.io, and Bitget. Ensure to complete KYC and use two-factor authentication (2FA) for security.
Warnings:
• Market Risks: Cryptocurrency prices are highly volatile and affected by external factors such as regulatory or economic events.
• Criticism: Some users feel that the mainnet launch did not meet expectations, especially due to the lack of listing on major exchanges like Binance. There are also concerns that the coin may be susceptible to rapid dumping due to high FDV.
• No Financial Advice: These recommendations are not financial advice. Consult a financial advisor before making investment decisions.
Summary:
Pi Network coin is currently experiencing a slight decline with increased trading activity, making it a potential opportunity for short-term traders at current support levels. In the long term, the coin's success depends on increased adoption and ecosystem development. Watch support and resistance levels and project-related news to make informed decisions.
If you need deeper analysis or additional details, let me know!
