The current price of Pi Network (PI) stands at $0.8011, reflecting a 1.94% increase in the past hour and a 9.23% gain over the last 24 hours. With over 7.2 billion PI in circulation and a maximum supply of 100 billion, the project has seen strong trading interest, clocking over $362 million in daily volume. These figures have pushed the topic of Pi Network price prediction back into the spotlight.
On the technical side, the 50-day Simple Moving Average (SMA) is at $0.6869, while the 200-day SMA sits at $1.00, signaling a longer-term downtrend. The Relative Strength Index (RSI) is at a neutral 51. While the 20- and 30-day moving averages are giving buy signals, shorter-term indicators like the 10-day EMA and SMA still suggest selling pressure.
Support appears to be building at $0.77, but a decisive move above $0.84 is needed to confirm a trend reversal.
However, growing controversy around the project is affecting sentiment.
-
Over 700 million PI tokens were transferred between Pi Foundation wallets in four months.
-
PiScan.io also revealed a withdrawal of 15 million PI in just 24 hours.
Also Read: BitTorrent Price Prediction 2025, 2026 – 2030
These events have triggered concerns over centralization and manipulation. The Foundation reportedly controls over 90 billion tokens, raising fears of a potential rug pull.
Additionally, 86 million PI tokens were withdrawn from OKX, creating a short-term supply shock. While some see this as bullish, others remain cautious due to allegations that the Core Team sold 50 million tokens post-Consensus 2025. Though unverified, such actions led to a 40.93% correction following a 2,721% rally.
Despite the turbulence, Pi still shows potential. But for a stronger bullish case, transparency and key resistance levels must be addressed.
Comments
0 comment