As of May 17, 2025, Pi Coin (PI) is trading at approximately $0.69, experiencing a significant decline from its recent peak of $1.56 earlier this month.
๐ Current Market Overview
Current Price: ~$0.69
24-Hour Change: -0.20%
Intraday High: $0.945
Intraday Low: $0.689
The recent downturn follows a period of heightened volatility, with PI's price surging from $0.60 to $1.56 within a few sessions before retracing sharply.
๐ฎ Short-Term Price Predictions
Analysts suggest that PI may continue to consolidate in the $0.85โ$0.90 range in the short term, with potential support at $0.63. However, if bullish momentum returns, a rebound towards $1.20 is possible.
๐ May 2025 Outlook
Predictions for May 2025 indicate a price range between $0.76 and $1.20, contingent on market sentiment and developments within the Pi Network ecosystem.
โ ๏ธ Factors Influencing PI's Price
Consensus 2025 Announcements: Recent presentations at Consensus 2025 have not met community expectations, leading to bearish sentiment.
Token Unlocks: An average of 9 million PI tokens are unlocking daily, potentially increasing selling pressure.
Market Sentiment: The current Fear & Greed Index for Pi Network stands at 74, indicating a "Greed" sentiment, which may precede market corrections.
๐ Long-Term Projections
Looking ahead, some forecasts suggest that PI could reach up to $3.39 by the end of 2025, assuming positive developments and increased adoption. However, these projections are highly speculative and depend on various factors, including successful mainnet implementation and broader market conditions.
