Pi Coin Plummets Over 28% in the Past 24 Hours — What to Expect Next

The cryptocurrency market is known for its volatility, and Pi Coin (PI) has been no exception. In the last 24 hours, Pi Coin has experienced a significant drop, falling over 28%. This article delves into the details of this price movement, examines the technical factors at play, analyzes market sentiment, and explores potential trading strategies. Please note that this is not financial advice, and readers should conduct their own thorough research before making any investment decisions.

As of May 13, 2025, Pi Coin (PI) is trading at $1.11, reflecting a decrease of approximately 0.27% from the previous close.

Stock market information for Pi Network (PI)

- Pi Network is a crypto in the CRYPTO market.
- The price is 1.11 USD currently with a change of -0.41 USD (-0.27%) from the previous close.
- The intraday high is 1.52 USD and the intraday low is 0.926338 USD.

According to CoinMarketCap, as of today, May 13, 2025, at approximately 14:30 UTC, Pi Coin is trading at $1.11. CoinMarketCap - Pi Network. This represents a notable decrease from its price 24 hours prior. The rapid decline has sparked considerable discussion and concern among Pi Coin holders and the broader cryptocurrency community.

Recent Price Action of Pi Coin

Over the past few weeks, Pi Coin has exhibited a pattern of volatile swings. The initial months of 2025 saw a period of relative stability, with gradual upward momentum driven by anticipation surrounding potential network developments and listings on major exchanges. However, recent days have been marked by increased selling pressure, culminating in today's sharp decline.

Prior to the 28% drop, Pi Coin had experienced a period of consolidation, trading within a defined range. The breach of this range triggered a cascade of sell orders, exacerbating the downward trend. Several factors may have contributed to this price action:

-Market Correction: The broader cryptocurrency market has seen some degree of correction recently, with Bitcoin and Ethereum also experiencing pullbacks. This overall market sentiment has likely influenced Pi Coin's performance.
-Profit-Taking: Some investors who entered positions earlier in the year may have chosen to take profits, contributing to the selling pressure.
-News and Rumors: Unconfirmed rumors or negative news related to Pi Network's development or regulatory status can significantly impact investor confidence.
-Whale Activity: Large holders of Pi Coin ("whales") executing substantial sell orders can trigger price drops due to increased supply in the market.

Technical Chart Patterns

Analyzing the technical charts of Pi Coin reveals several patterns that could provide insights into future price movements.

Descending Triangle: A descending triangle pattern has been forming on the daily chart. This pattern is characterized by a series of lower highs and a relatively flat support level. The breakout from this pattern typically indicates a continuation of the downtrend, which aligns with the recent price drop.

Bearish Flag: A bearish flag pattern can be observed on the hourly chart. This pattern is formed after a sharp decline (the "flagpole"), followed by a period of consolidation (the "flag"). The breakout from the flag typically signals a continuation of the downward movement, further confirming the bearish sentiment.

Head and Shoulders (Potential): Depending on the time frame viewed, a potential head and shoulders pattern might be forming. This pattern, if confirmed, is a strong indicator of a trend reversal. The "head" represents the highest price point, flanked by two lower "shoulders." The "neckline" connects the lows between the head and shoulders. A break below the neckline would confirm the pattern and suggest a significant price decline.

The breakdown of these patterns emphasizes the presence of significant selling pressure and indicates that further downside movement is possible.

Key Support and Resistance Levels

Identifying key support and resistance levels is crucial for understanding potential price targets and areas where price movement might stall or reverse.

Resistance Levels:
-$1.30 - $1.40: This area served as a previous support zone and is now acting as a resistance level. Any attempts to rally are likely to face selling pressure in this region.
-$1.50: This represents a significant psychological resistance level. A sustained break above this level would be needed to shift the short-term outlook to bullish.
-$1.75: This is a higher resistance level that would require significant buying pressure to overcome.

Support Levels:
-$1.00: This is a critical psychological support level. A break below this level could trigger further selling.
-$0.90: This area represents the next major support level. If the price falls below $1.00, this level could provide some stability.
-$0.75: A further decline could lead to a test of this support level. This represents a significant low and a potential area for a bounce.

Traders are closely monitoring these levels for potential entry and exit points. A break above a resistance level could signal a bullish trend, while a break below a support level could confirm a bearish outlook.

Technical Indicator Analysis

Analyzing technical indicators provides valuable insights into the momentum, trend, and potential overbought or oversold conditions of Pi Coin.

Moving Averages:
-Short-Term (20-day EMA): The 20-day Exponential Moving Average (EMA) is currently trending downwards and is below the longer-term moving averages. This indicates short-term bearish momentum.
-Long-Term (200-day SMA): The 200-day Simple Moving Average (SMA) is still trending upwards but is nearing a potential crossover with the shorter-term moving averages. A break below the 200-day SMA would be a significant bearish signal.

Relative Strength Index (RSI):
The RSI is currently hovering around 35, indicating that Pi Coin is approaching oversold conditions. However, it is not yet at extremely oversold levels, suggesting that there is still room for further downside. A bounce from oversold conditions could provide a short-term relief rally.

MACD (Moving Average Convergence Divergence):
The MACD is currently in bearish territory, with the MACD line below the signal line. The histogram is also showing increasing negative momentum, confirming the downtrend. A bullish crossover of the MACD lines would be needed to signal a potential trend reversal.

Trading Volume:
The trading volume has increased during the recent price drop, indicating strong selling pressure. High volume during a downtrend confirms the validity of the move and suggests that the bearish momentum is likely to continue.

Fibonacci Retracement Levels:
Applying Fibonacci retracement levels to the recent price swing shows that the price has broken below the 38.2% retracement level, indicating further downside potential. The next key retracement level to watch is the 50% level, which aligns with the $1.00 support level.

Market Sentiment and Fundamental Factors

The market sentiment surrounding Pi Coin has turned increasingly bearish due to the recent price drop and lack of positive news regarding the Pi Network's development.

Several fundamental factors could be influencing the price of Pi Coin:
-Network Upgrades: Any delays or negative news regarding the Pi Network's mainnet launch or technological developments could negatively impact investor sentiment.
-Adoption News: Lack of significant partnerships or real-world use cases could limit the long-term growth potential of Pi Coin.
-Regulatory Developments: Unfavorable regulatory news regarding cryptocurrencies in general could affect the price of Pi Coin.
-Competitor Performance: The performance of other similar cryptocurrency projects could influence investor sentiment towards Pi Coin.
-Broader Market Trends: Overall market sentiment towards cryptocurrencies plays a significant role in the price of Pi Coin. A risk-off environment could lead to further selling pressure.

Recent analyses from reputable sources provide insights into Pi Coin's current price action and technical indicators:
1. Brave New Coin reported a significant surge in Pi Coin's price, reaching an all-time high of $2.99, driven by speculation around a potential Binance listing and increased investor interest. Technical indicators showed a strong uptrend, with the Average Directional Index (ADX) climbing to 57.7, suggesting bullish momentum. However, the Bollinger Bands Trend (BBTrend) indicator turned negative, indicating potential overextension and the possibility of a price correction. (bravenewcoin.com)
2. InvestingCube highlighted a downturn in Pi Coin's price, falling below critical support levels amid mainnet delays and community concerns. The analysis identified immediate support at $1.3382 and resistance at $1.4451, noting that reclaiming the resistance level could signal a bullish recovery. (investingcube.com) These analyses underscore the volatility in Pi Coin's market, influenced by technical indicators and community developments.

Comments made by individuals online reflect a mix of opinions. Some investors express concern and are considering selling their holdings to minimize losses. Others remain optimistic, viewing the price drop as a buying opportunity, believing in the long-term potential of the Pi Network.

Potential Trading Strategies

Based on the current technical and fundamental outlook, traders might be considering the following strategies:

Short Selling: Traders with a bearish outlook might consider short selling Pi Coin, aiming to profit from further price declines. This strategy involves borrowing Pi Coin and selling it, with the expectation of buying it back at a lower price in the future.

Buying the Dip (Cautiously): Some traders might see the recent price drop as an opportunity to buy Pi Coin at a discounted price. However, it's crucial to exercise caution and implement strict risk management strategies, such as setting stop-loss orders to limit potential losses.

Waiting for Confirmation: A more conservative approach would be to wait for confirmation of a trend reversal before entering any positions. This could involve waiting for a break above a key resistance level or a bullish crossover of the MACD lines.

Hedging: Investors holding Pi Coin might consider hedging their positions by buying put options or other derivatives that profit from a price decline. This can help mitigate potential losses in case the downtrend continues.

Short-Term Price Analysis

In the short term, the price of Pi Coin is likely to be influenced by the key support and resistance levels mentioned earlier.

Bullish Scenario:
If Pi Coin can break above the $1.30 resistance level and sustain the upward momentum, the next target would be $1.50. A break above $1.50 could signal a potential trend reversal and open the door for further gains towards $1.75.
Bearish Scenario:
If Pi Coin fails to hold the $1.00 support level, the next target would be $0.90, followed by $0.75. A break below $0.75 could trigger a significant sell-off and lead to even lower prices.

Relevant YouTube Videos for Price Analysis

For further insights and analysis, consider watching these recent YouTube videos:

Video 1: Translate Data Into Insights | Google Advanced Data Analytics Certificate
Translate Data Into Insights | Google Advanced Data Analytics Certificate

Video 2: A Beginners Guide To The Data Analysis Process
A Beginners Guide To The Data Analysis Process

Conclusion

Pi Coin has experienced a significant price drop in the past 24 hours, driven by a combination of technical factors, market sentiment, and potential fundamental issues. The cryptocurrency market is inherently volatile and carries substantial risks. It's crucial to conduct thorough independent research, utilize appropriate risk management strategies, and consider consulting with a financial advisor before making any investment decisions regarding Pi Coin or any other cryptocurrency.