Will Pi Network Price Hit $1 in 2025?
2025-07-05 06:53:32
Main Idea
Pi Network's native token is experiencing a decline in price due to increased token supply and sell-side pressure, with technical indicators suggesting continued bearish trends unless key resistance levels are breached.
Key Points
1. Pi Network's token price dropped 2.7% overnight and 14.7% over the past week, currently trading at $0.4710.
2. Market cap is $3.59 billion, with a 24-hour trading volume of $82.73 million (up 2.87%), indicating heightened market activity.
3. 270 million Pi tokens were released, causing a supply shock, and over 6 million Pi ($2.8 million) moved to exchanges within 24 hours, increasing sell-side risk.
4. Technical indicators (RSI at 34.94, below neutral 50) suggest the asset is approaching oversold territory but lacks bullish divergence.
5. A sustained reclaim of $0.53 (mid-Bollinger Band) is needed for a bullish trigger, with potential breakout targets at $0.61 and $0.70.
Description
The post Will Pi Network Price Hit $1 in 2025? appeared first on Coinpedia Fintech News Pi Network’s native token is undergoing a turbulent phase. Currently trading at $0.4710, the coin has recorded a 2.7% drop overnight and a 14.7% decline in the past 7 days. Its market cap stands at $3.59 billion, with a 24-hour trading volume of $82.73 million, up 2.87%, suggesting heightened market activity amid sell-offs. The sharp price correction is largely attributed to recent token unlock events, with 2...
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