Pi Network increased nearly 300% from April to May 2025. This token is currently trading near its all-time low, with PI trading at $0.4158 on Thursday. As this token is plummeting, traders may be reallocating capital to other altcoins while waiting for the next price surge of the altcoin season. The unlocking of tokens in July has contributed to increased selling pressure, and the potential for recovery remains low.
Price Analysis of PI Network
The PI token rose 300% in just one month from April to May 2025. Since then, this altcoin has faced increasing selling pressure and dropped to a low of $0.4158 on Thursday, close to its all-time low of $0.4000.
The $0.4000 level is an important support threshold for the PI token, and a drop to this level could lead to a liquidity sell-off before this token recovers. The technical indicators on the daily price chart of PI/USDT are declining, with the RSI at 34 and may drop lower, nearing the "oversold" region at 30.
The MACD line is flashing shorter green histogram bars consecutively, signaling positive momentum forming the basis for PI's weakening trend. Traders standing on the sidelines should monitor the RSI and MACD for potential trend reversal signals.
The two key support levels for PI are S1 at $0.2500 and S2 at $0.1000, the lowest price recorded when PI was first listed on the OKX exchange.
If the token of PI Network recovers, it could retest the resistance level at $1.0350, the 50% Fibonacci retracement level of the decline from the high of May 2025 to the low of June 2025.
Catalyst for PI into 2025
The launch of the PI token on OKX, Bitget, Gate.io, along with many other exchanges, is seen as a positive signal for the adoption of this altcoin. However, profit-taking by early users may have led to a strong correction for this token.
The PI blockchain supports over 70 applications and has users in 155 countries, reaching millions of active users each month. The utility of the token is the biggest catalyst driving the price of the PI token up from April to May 2025.
While many altcoins rose in price alongside Bitcoin, the increase of the PI token is tied to its high utility, outperforming most of the altcoins in the top 100 by market capitalization.
Even at Thursday's low, the market capitalization of PI Network is still over $3 billion, down from a peak of $13.5 billion. Although this token may have been overvalued, profit-taking has pushed PI into oversold territory as indicated on the daily chart.
You may also like: The biggest winners and losers in the cryptocurrency space this week
Are there any important announcements coming soon?
PI Network has issued an important announcement through the official X account, asking users to add another layer of security to their wallets. Typically, such announcements are made in the days and weeks leading up to a major exchange listing, to meet requirements.
This has sparked speculation about Binance listing, although neither the team nor the exchange has confirmed it. Analysts warn that while a Binance listing could act as a price catalyst, it could also trigger another wave of sell-offs as early users exit their positions.
In-Depth Analysis of the PI Token Sell-off
For a cryptocurrency token, utility is a key factor and primarily the metric that market participants rely on to determine the token's value. However, in the case of PI Network, this token has over 14 million verified KYC users, millions of active users across 155 countries, and more than 70 applications built on its blockchain.
Statistics show that the value and utility of the PI token have yet to drive the growth of this cryptocurrency asset as of July 2025.
As PI transitioned to a tradable state, instead of holding the PI token, users took profits and sold off their holdings. The mainnet launch and exchange listing in February signaled a price correction for PI. After a brief price surge on exchanges, this token stabilized and corrected for most of 2025.
PI has lost nearly $10 billion in market capitalization but is still listed on major exchanges. Further listings could boost liquidity and cause volatility in both directions. At the time of writing, PI is among the top 50 cryptocurrencies by market capitalization.
