PI Network (PI) Price: Can Pi Network Bounce Back from Its 22% Monthly Drop?

TLDR

PI has dropped 22% in 30 days with DMI showing sellers in control Pi Network price slipped 17% today, trading at $1.16 with increased volume KYC verification deadline on March 14 caused market uncertainty Community concerns growing about lack of clear roadmap and transparency Real-world adoption expanding in China with businesses accepting PI tokens

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Pi Network (PI) is experiencing a sharp decline in value as bearish momentum builds in the market. The cryptocurrency has fallen from a record market cap of $19.2 billion on February 26 to $9.2 billion today. Trading at $1.16, PI has corrected by 22% over the past two weeks and dropped another 17% in the last 24 hours.

The recent price slump coincides with the final KYC verification deadline on March 14, 2025. Miners who failed to complete the verification process forfeited their tokens. This has added to market uncertainty.

PI Network (PI) Price

Technical indicators point to growing selling pressure. The DMI chart shows an ADX sitting at 18.3, indicating a weak but present downtrend. The +DI has dropped to 16.1 while the -DI has climbed to 26.2, highlighting sellers’ control over the market.

The Chaikin Money Flow (CMF) has dipped to -0.14, its lowest level in the past week. This negative reading suggests distribution rather than accumulation, adding weight to the ongoing downtrend.

PI’s price has fallen below the psychologically important $1.50 mark. Experts say maintaining trade above this level is crucial for initiating a rally toward $2. Failure to hold this support could lead to further decline with key support around $1.20.

Exchange Listings

One major factor affecting PI’s value is speculation about a possible Binance listing. Although 86% of the community voted in favor, no confirmation has been received from either Binance or other major exchanges.

The lack of exchange listings has created doubt in the market. Some investors have sold their PI coins to limit further losses as uncertainty grows about the project’s future trajectory.

Adding to community concerns is the absence of a clear roadmap for the Open Mainnet launch. Unlike other crypto projects that provide transparent timelines, Pi Network has remained vague about future developments.

Many early miners who have supported the project for years are now openly criticizing the core team. With the project in development for six years, frustrations are mounting as expectations remain unfulfilled.

The Pi Network community is calling for immediate action from the core team. Investors believe that for PI to regain momentum, the team must address the lack of trust by releasing a clear Open Mainnet roadmap and launching the promised decentralized applications.

Despite these challenges, PI continues to gain real-world adoption. Businesses in China, ranging from restaurants to retail stores, are increasingly accepting PI as a form of payment. This growing adoption highlights the usability of PI as a decentralized payment system.

If PI stabilizes above $1.50 and bullish momentum builds, a rally toward $2 is possible. However, if bearish trends persist, PI risks testing support at $1.23. Breaking below this level could push the price under $1.20 for the first time since February 22.

On the upside, if PI regains positive momentum, it could challenge resistance at $1.57. A breakout above this level could open the way for further gains toward $1.82 and $1.98.

For now, traders and investors are closely monitoring Pi Network news. Whether to buy or sell PI holdings will depend on market sentiment and upcoming developments within the Pi Network ecosystem.

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