The Pi Network token is experiencing volatility, reflected in its current price and market performance. This situation requires a detailed analysis.
Current Price Metrics of Pi Network
The current price of the Pi token is $0.4710, reflecting a 2.7% drop overnight and a 14.7% decline over the past week. The market capitalization reached $3.59 billion, with a trading volume of $82.73 million in the last 24 hours, up 2.87% compared to previous periods.
Chart Analysis and Technical Indicators
On the daily chart, the Pi token is trading below the middle Bollinger Band and the 20-day moving average. Current RSI and MACD indicators suggest a bearish trend. The primary price range is between the upper band at $0.6099 and the lower band at $0.4514, indicating potential for increased volatility.
Future of Pi Network: Is $1 Achievable?
Although the mining increase of 0.93% indicates user activity, achieving the $1 mark in 2025 will require significant changes, such as the mainnet launch or strong user adoption. Without these factors, the current trend remains neutral-to-bearish.
The Pi Network faces several challenges in light of recent events and price changes. Without key improvements, its prospects remain uncertain.
