
The PI Coin price has struggled to gain momentum amid plummeting trading volumes and skepticism over unconfirmed partnership claims. With the Pi cryptocurrency trading in a tight range and failing to break key resistance levels, traders are left questioning whether the token will tumble below $0.50—or stage a comeback.
Market Volume Dip Sparks Bearish Concerns
The recent dip in Pi Network trading volume—down 49% in just 24 hours—has become a focal point of market anxiety. According to CoinMarketCap data, Pi Coin recorded one of the lowest trading volumes among the top 30 cryptocurrencies, reinforcing concerns about weakening interest in the Pi Network market.
Pi Network’s trading volume plunged 49% in 24 hours, falling to just $34.95 million. Source: CoinMarketCap
At the time of writing, the Pi Network Coin price is hovering around $0.59, down 4% over the week and over 80% lower than its February peak of $2.99. This decline coincides with stagnant momentum and resistance near $0.58–$0.60. Analysts warn that a drop below the lower boundary of the current symmetrical triangle pattern could push PI to a new low of $0.40 and potentially down to $0.10 if bearish sentiment escalates.
“The current lack of exchange listings and declining activity raises red flags,” said one market analyst. “Without a catalyst, the Pi Coin value may continue to erode as traders shift their focus elsewhere.”
BNP Paribas Rumor: Catalyst or Distraction?
Pi Network’s community recently buzzed with excitement over a rumored partnership with French banking giant BNP Paribas. A post by Pi Coin Magazine suggested integration with the bank’s digital payment systems via the “Pi Nexus Banking System” APIs. However, BNP Paribas has not confirmed any collaboration, and further investigation reveals the APIs were built for multiple potential partners—not evidence of a formal deal.
Pi Network may have formed a strategic partnership with BNP Paribas, potentially linking blockchain and traditional banking. Source: The Times of PiNetwork via X
This has led some in the crypto community to label the development as “wishful thinking.” As highlighted by CryptoNews, even though the APIs exist, similar integrations have been proposed for companies like Apple Pay, PayPal, and Barclays, with none officially onboard.
Despite the buzz, the Pi Network price remained flat after the announcement. Analysts say the lack of institutional confirmation has prevented any meaningful rally. The Relative Strength Index (RSI) remains near neutral at 42, while the 30-period moving average continues to lag below the 200-period—classic signs of consolidation.
Pi Coin Value Still Driven by Speculation
Despite uncertainty, Pi Network still commands a sizable following due to its unique mobile-first mining model. Since its 2019 inception, the network has amassed millions of users mining Pi cryptocurrency on their phones. The February 2025 launch of the open mainnet was expected to accelerate adoption, but questions remain about utility, exchange access, and real-world integrations.
After a strong surge, Pi Coin is stabilizing around $0.58–$0.59, with low weekend volume likely to keep it range-bound. Source: ssmog369 via X
A report from CoinCentral noted that Pi Coin might rise to $5 by the end of May, contingent on potential exchange listings and positive developments from crypto conferences such as the Consensus Summit. Meanwhile, CoinCodex projects a more conservative $2.02 price target under favorable conditions.
However, bearish analysts point to Pi Network’s inability to secure listings on top platforms like Binance or Coinbase. This lack of visibility and liquidity continues to limit broader investor participation and Pi Network trading potential.
Looking Forward: Crash or Comeback?
The next move for Pi crypto remains uncertain. If trading volumes continue to fall and no credible partnerships materialize, a drop below the $0.50 support could open the door for a slide to $0.10. This would not only mark a new low for Pi currency value but also test the faith of early adopters and mobile miners.
Pi Network Coin was trading at around $0.59, up 0.63% in the last 24 hours at press time. Source: Brave New Coin
However, if Pi Network manages to secure meaningful listings or real institutional backing, renewed momentum could propel the Pi Coin market back toward $1.00 or even higher. As Dr. Altcoin recently stated, “If Pi gains mass adoption over the next five years, its value proposition could outpace many mainstream altcoins.”
For now, Pi Network Coin remains a high-risk, high-reward bet, teetering between unrealized potential and speculative hype. Investors and miners alike are watching closely, with the Pi wallet and broader ecosystem waiting for the breakthrough that could define the coin’s long-term path.