Anticipated Features and Developments of Pi Network in May 2025
Pi Network, the mobile-minable digital currency, is currently facing a setback as its price dropped 15% over the past month, trading at $0.6077. This decline has left investors questioning its future, as the altcoin struggles to show signs of improvement.
Even amidst this slump, the Chaikin Money Flow (CMF) indicator suggests there have been some inflows to Pi Network. However, these inflows are still overshadowed by the dominating outflows, keeping the altcoin subdued. The negative CMF reading indicates that selling pressure is still largely controlling the price movement of Pi.
Alvin Kan, COO of Bitget Wallet, agrees with the ongoing issues facing Pi Network, stating that the altcoin's initial surge was driven by anticipation and years of community mining but the follow-through has been more muted. As early users began realizing gains, increased token supply met limited exchange listings and a still-developing ecosystem. Without strong utility or broader liquidity, investor demand naturally tapered off, much like many new tokens today.
The correlation between Pi Network and Bitcoin is also a point of concern. Currently, Pi shares a correlation of -0.11 with Bitcoin, indicating an inverse relationship. This means that whenever Bitcoin experiences upward momentum, Pi tends to face declines. Given Bitcoin's current strength nearing $100,000, Pi Network could struggle to capitalize on Bitcoin's potential gains, potentially facing further corrections.
To turn things around, a strong reversal in Pi Network's price is needed. The altcoin could experience a further drop if this trend continues and Bitcoin's price continues to rise, potentially dipping below $0.6077 support and heading toward $0.5192. If the trend persists, Pi may approach its all-time low of $0.4000, further deepening its losses.
However, if market conditions improve and investor sentiment shifts, Pi Network may have a chance at recovery. A breach of the $0.8727 resistance, followed by flipping it into support, could signal a reversal. This would set Pi on a path toward $1.0000, potentially putting an end to the current bearish outlook and setting the stage for growth.
In line with these market conditions, it's essential for investors to stay vigilant and make informed decisions when investing in digital currencies. While Pi Network has faced its fair share of challenges, time will tell if the project can build credible utility and expand its access to potentially recover sentiment.
- Despite the current 15% drop in Pi Network's price, the Chaikin Money Flow (CMF) indicator indicates some inflows to the altcoin.
- However, these inflows are significantly overshadowed by the dominating outflows, keeping Pi Network subdued, as the negative CMF reading suggests selling pressure is controlling the price movement.
- Alvin Kan, COO of Bitget Wallet, notes that Pi Network's initial surge was driven by anticipation and community mining but the follow-through has been more muted.
- As early users realized gains, increased token supply met limited exchange listings and a still-developing ecosystem, leading to decreased investor demand.
- The correlation between Pi Network and Bitcoin is a point of concern, as Pi shares a correlation of -0.11 with Bitcoin, indicating an inverse relationship.
- Given Bitcoin's current strength nearing $100,000, Pi Network could struggle to capitalize on Bitcoin's potential gains, potentially facing further corrections.
- To turn things around, a strong reversal in Pi Network's price is needed, which could be signaled by a breach of the $0.8727 resistance and flipping it into support.
- This would set Pi on a path toward $1.0000, potentially putting an end to the current bearish outlook and setting the stage for growth.
- In line with these market conditions, it's crucial for investors to stay vigilant and make informed decisions when investing in digital currencies, as Pi Network, like many new tokens, has faced its fair share of challenges, but time will tell if the project can build credible utility and expand its access to potentially recover sentiment.
