TLDR
- The PI is currently trading at about $ 0.58, down 10-15% from last week and month.
- Tokens are trading 80%from a record of $ 2.99.
- Trading volume is an increase of 35% to $ 128 million, suggesting new interests.
- Token diluent with 131 million tokens every month
- It is important for the trend reversal to change the 50 -day moving average to $ 0.82 or more.
The PI network has been undergoing significant pressure recently and has not been able to meet the wider encryption market. The token is currently trading at about $ 0.58, down about 10% over last week and 15% last month.
This is a significant decline in the highest maximum of $ 2.99.
Despite the drop in prices, there are potential signs of new interests. The trading volume of the PI network increased almost 35% compared to the last day, exceeding $ 128 million.
PI network $ PI I cut the key support for $ 0.50 on Saturday.
The bulls must overturn the control point (the largest volume since the launch) to $ 0.65 to support more rise.
This should open a higher goal -$ 0.85, $ 1.23 and $ 1.55 🚀 pic.twitter.com/xt9ppwmdvm
-Trader edge (@pro_trader_edge) April 30, 2025
As the volume increases as the price drops, the lower level of accumulation and tokens can be revived.
Technical paintings are still difficult for PI. The token is about $ 0.82, facing a strong resistance in a simple 50 -day moving average.
The PI is traded below several short -term movements, including 10 and 20 days, and shows a weak trend.
Technical indicators showing a mixed signal
The technical indicators of the PI network presents a mixed photo that can give an investor hope.
The relative robbery index (RSI) stands at 38.7, which suggests that tokens are approaching the hyperpletite area but not yet.
The price is currently near the Bollinger Lower Band, indicating the possible broadcast conditions and bounce potential.
Movement average convergence/divergence (MACD) shows initial signs of positive divergence, which can be seen that the buyer is slowly coming in.
This indicator suggests that there is an initial sign that the current trend remains weak, but the sales pressure may be alleviated.
If the PI can stand beyond 50 days of SMA with a strong volume, it can be pushed towards the range of $ 0.85- $ 0.90.
More important than $ 1.00, more important meetings represent major emotion shifts, especially if they are led by significant news or development.
However, if the price is lower than the main moving average and the sales pressure continues, the PI can resume nearly $ 0.55 support or fall to $ 0.45, nearly $ 0.40.
The Chaikin Money Flow (CMF) indicator shows that the PI network has seen some inflows, but reading remains in the negative area. This suggests that the outflow still prevails and maintains the pressure on the price.
Token dilution: The biggest challenge of PI network
One of the most important tasks faced by the PI network is token dilution. In April alone, 21.4 million new tokens were unlocked, reaching about $ 12.3 million.
It is expected that 135 million tokens will be released every month for the next 12 months. This continuous supply increase can continue to fall on the price if demand rises or the team does not take action.
PI FOUNDATION currently owns more than $ 40 billion of PI tokens. Target token burns can solve dilution problems and potentially support prices.
Other potential solutions include commission year mechanism implementation or token release schedule adjustment.
According to Alvin KAN, a COO of Bitget Wallet, PI Network should focus on several major areas to enable sustainable growth. Increasing liquidity through the extended exchange list, creating valuable actual applications, applying balanced token economics, and developing integration with Defi and retail sectors.
Another concern is the inverse correlation with Bitcoin of PI Network at -0.11. This means that the price of PI can face additional pressure as Bitcoin continues to rise to $ 100,000.
The upcoming event can cause recovery
The upcoming two major events can cause PI network prices in May 2025.
The first is token 2049, the patron of the event by Nicolas Kokkalis, a co -founder with the PI network. There is an opportunity to connect to major exchanges such as Binance, HTX and KUCOIN.
The second is the consensus summit scheduled for May 14-16, and the PI network team can provide another platform that can solve basic problems and announce new developments.
In order for the PI network to reverse the decline, it must be changed to support in violation of the $ 0.8727 resistance level. This will open a way for growth to $ 1.00 and invalidate the current weak outlook.
It can be an important month of the PI network in May 2025. Tokens are under pressure, but the team can use the conference to solve major problems and announce new partnerships or development.
It may not be time for PI to experience a sharp price increase, but it can be an important period for the maturity of the project and the long -term growth.
