Pi Network Price Analysis: Technical Indicators, On-Chain Data & Market Sentiment
Pi Network has been a highly debated project in the cryptocurrency space, promising a decentralized and mobile-friendly mining experience. Since its launch on February 20, 2025, its native token PI has experienced significant price fluctuations. The token initially reached an all-time high of $3 on February 27, but has since declined by over 50%, currently trading around $1.41. This analysis will evaluate PI’s technical indicators, on-chain data, and financial astronomy to provide a well-rounded outlook on its future performance.
Technical Analysis of PI Token
1. Moving Averages (MA)
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50-day MA: PI is currently trading below its 50-day moving average, a sign of continued downward momentum.
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200-day MA: The price remains far below the 200-day moving average, confirming a long-term bearish trend.
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Death Cross Formation: The 50-day MA is approaching the 200-day MA from above, indicating a possible death cross, a strong bearish signal.
2. Relative Strength Index (RSI)
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The RSI for PI has been hovering around 35, which indicates that the asset is nearing the oversold zone (<30).
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If RSI drops below 30, a potential short-term rebound may occur, but it will likely be a weak correction unless buying pressure increases.
3. Bollinger Bands
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PI’s price has been hugging the lower Bollinger Band, showing that downward volatility is still dominant.
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The bands are widening, indicating increased volatility, which could result in further price drops.
4. MACD (Moving Average Convergence Divergence)
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The MACD line is below the signal line, confirming bearish momentum.
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The histogram is in the negative zone, suggesting that selling pressure remains strong.
5. Directional Movement Index (DMI)
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The -DI (negative directional index) is above the +DI (positive directional index), reinforcing the bearish control.
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The ADX (Average Directional Index) is above 25, confirming the strength of the current downtrend.
6. Chaikin Money Flow (CMF)
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CMF remains negative, signaling that more capital is flowing out of PI rather than entering.
7. Fibonacci Retracement Levels
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PI has broken through the 61.8% Fibonacci retracement level, which is usually a key support zone.
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If it continues downward, the next support levels are at $1.20 and $1.00.
On-Chain Analysis of Pi Network
Despite boasting a 60 million+ user base, on-chain activity tells a different story:
Low Active Wallets – While the total number of wallets is high, the number of actively transacting wallets remains low.
Inflation Concerns – The circulating supply of PI has doubled in the past year, leading to increased selling pressure.
Exchange Listings – PI is not yet listed on major exchanges, making its price movements highly speculative and illiquid.
Financial Astronomy & Market Sentiment
Some investors use financial astrology to predict market trends based on planetary cycles. The upcoming Lunar Eclipse on March 25, 2025, is seen by some analysts as a turning point for volatile assets like PI. However, traditional technical indicators remain bearish.
Market sentiment has been largely negative due to:
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Accusations of Pi Network being a data-harvesting scam.
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A lack of transparency regarding when the network will allow token withdrawals.
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Increasing community frustration over delays in token utility.
As a result, PI recently saw a 9% drop, falling below the crucial $1 support level.
Conclusion: What’s Next for Pi Network?
Based on technical indicators, on-chain data, and market sentiment, PI Network is currently in a strong downtrend. While oversold conditions could lead to a temporary bounce, the lack of real adoption, increasing token supply, and bearish momentum suggest that further declines are likely.
Key Levels to Watch:
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Support Levels: $1.20, $1.00 (if these break, price may drop further).
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Resistance Levels: $1.80, $2.00 (strong rejection areas for any bounce).
Investment Recommendation
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Short-term traders may look for quick scalps around support levels.
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Long-term investors should wait for clear bullish confirmation before considering entry.
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Caution is advised due to Pi Network’s lack of exchange listings and unresolved concerns over decentralization.
Pi Network’s future remains uncertain, and investors should stay informed and trade cautiously
Pi Network Price Analysis: Technical Indicators, On-Chain Data & Market Sentiment
Category: Cryptocurrency Analysis, Blockchain Trends, Crypto Market Insights
Pi Network (PI) Token Price Analysis: Is the Downtrend Continuing?
Pi Network has been one of the most controversial projects in the crypto space, claiming to offer a mobile mining solution with over 60 million users. Since its token launch on February 20, 2025, PI initially surged to an all-time high of $3 on February 27 before plummeting over 50% to its current price of $1.41.
This blog post provides a comprehensive Pi Network price analysis using technical indicators, on-chain data, and financial astronomy to predict future trends.
Pi Network Technical Analysis: Bearish Signals Dominate
1. Moving Averages (MA)
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50-day MA: PI is trading below its 50-day moving average, a bearish signal.
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200-day MA: The price is far below the 200-day MA, confirming a long-term downtrend.
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Death Cross Formation: The 50-day MA is crossing below the 200-day MA, a strong bearish indicator.
2. Relative Strength Index (RSI)
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RSI is at 35, indicating that PI is nearing oversold territory (<30).
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A potential short-term bounce may occur if RSI drops below 30.
3. Bollinger Bands
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PI’s price is hugging the lower Bollinger Band, showing high selling pressure.
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Bands are widening, signaling increased volatility.
4. MACD (Moving Average Convergence Divergence)
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MACD line is below the signal line, confirming bearish momentum.
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Negative histogram suggests strong selling pressure remains.
5. Directional Movement Index (DMI)
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-DI (negative directional index) > +DI (positive directional index) → Bears in control.
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ADX (Average Directional Index) > 25, indicating a strong downtrend.
6. Chaikin Money Flow (CMF)
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CMF remains negative, signaling more capital outflows than inflows.
7. Fibonacci Retracement Levels
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PI has broken the key 61.8% Fibonacci retracement level, a major bearish sign.
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Next support levels: $1.20 and $1.00.
On-Chain Analysis: Red Flags for Pi Network
Despite Pi Network’s claim of 60M users, on-chain metrics reveal worrying trends:
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Low Active Wallets: Many accounts exist, but few are actively transacting.
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Token Inflation: PI’s circulating supply doubled in a year, increasing selling pressure.
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No Major Exchange Listings: PI remains illiquid due to lack of top-tier exchange support.
Market Sentiment & Financial Astrology
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