Can Pi Network Go Back to $1?
Pi Network’s price crashed from $1.67 on May 12 to $0.66 on May 17, and now many are wondering if it can climb back to $1. Even though there was hope before the big Consensus 2025 event, that excitement faded fast.
Between May 14 and May 16, Dr. Nicolas Kokkalis, the creator of Pi Network, appeared at a Coindesk event. But despite announcing a $100 million startup investment, he didn’t manage to impress investors.
After that drop, Pi saw a slight recovery and reached around $0.80 on Thursday, making a small support trendline on the 4-hour chart. But on Friday, the price dropped again and is now testing that support level.
The 200 EMA (Exponential Moving Average) at $0.78 is acting like a cushion, but things still look risky.
Indicators are showing sell signals:
RSI is at 48, which means buying pressure is weak and momentum is low.
MACD just made a bearish crossover, and if it drops below the center line, it could trigger another big sell-off.
If this support breaks, price could fall to $0.66 again—or even $0.57, which were previous lows.
So, can Pi go back to $1?
Right now, it doesn’t look likely unless something big happens—like a strong market recovery, a big announcement from the Pi team, or a major exchange listing.
For now, the trend is still bearish, and investors should be careful.