The Pi Network’s native cryptocurrency, PI, has experienced a sharp downturn, falling below the critical $1 support level and currently trading around $0.90. Over the past week, Pi Coin has lost more than 43% of its value, with bearish momentum gaining strength across markets. Analysts are now questioning whether the digital asset can stabilize near the $0.60 mark—or if a deeper correction lies ahead.
This steep decline stems from a combination of growing skepticism, delays in the project’s development roadmap, and the absence of a major exchange listing—particularly on Binance. Investor confidence has wavered, triggering a wave of sell-offs within the Pi Network community. Crypto analyst Kripto Bilgi recently highlighted the weakening sentiment: “The sentiment around Pi Coin is extremely weak. If it breaks under $0.82, we could see further drops to $0.30.”
Mounting Pressure on Pi Network Amid Exchange Listing Delays
Launched with a unique mobile mining model that attracted millions of users globally, Pi Network has increasingly come under scrutiny due to its prolonged delay in launching the Open Mainnet and securing listings on top-tier exchanges. Many early adopters had anticipated a quick listing on platforms like Binance, fueling initial price optimism. However, continued delays have eroded market enthusiasm and raised concerns about transparency.
At the time of writing, Pi Coin was trading at approximately $0.90, reflecting significant volatility and uncertainty.
Adding to the skepticism, Justin Bons, founder of CyberCapital, labeled Pi Network a “scam,” citing issues with its tokenomics, centralized control, and mandatory KYC requirements even for basic transactions. He stated: “PI is fully permissioned (centralized), and everything requires KYC—even simple transactions! PI is an investment scam; it is that bad.”
Despite such criticism, not all voices within the crypto space agree. Dr. Altcoin, a respected crypto analyst, acknowledged communication gaps but rejected the scam narrative. “Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.”
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Key Support Levels and Potential Price Movements
With PI breaking below $1, traders are now monitoring key support zones closely. The $0.82 level has emerged as a crucial threshold—if held, it may serve as a foundation for a potential rebound. However, failure to maintain this support could push prices toward $0.60 or even lower, with worst-case scenarios suggesting a drop to $0.30.
Technical analysis indicates that Pi Coin is currently in oversold territory. The Stochastic RSI has dipped into oversold levels, historically a precursor to short-term recoveries following extended pullbacks. Past patterns suggest that prolonged consolidation at these lows may precede a bullish reversal.
For any meaningful recovery to take hold, PI would first need to reclaim resistance at $1.02. A sustained breakout above this level could open the path toward a critical resistance zone between $1.19 and $1.24. Clearing this range might reignite investor interest and potentially drive prices back toward previous highs near $1.50 or beyond.
Conversely, continued selling pressure could accelerate losses, especially if market sentiment remains negative and no major catalysts emerge.
Can Pi Network Overcome Its Structural Challenges?
Beyond price fluctuations, Pi Network faces broader structural challenges that impact its long-term viability. Chief among them is its closed ecosystem and the delayed rollout of the Open Mainnet. Without full decentralization and open trading capabilities, many investors view PI as more speculative than functional.
The absence of a Binance listing has further dampened expectations. Frustration boiled over when Binance received a flood of one-star reviews on Google Play from disgruntled Pi supporters attempting to pressure the exchange into listing the token. In response, Binance issued a firm warning: “Do not try to pressure us into listing your coin by spreading FUD or negative comments about Binance, or you will be blacklisted.”
Despite these hurdles, there are signs of deflationary pressure that could benefit PI in the long run. As of early March, over 528,671 unclaimed PI tokens were burned due to users failing KYC verification—a daily burn rate of 3,000–4,000 tokens. This reduction in circulating supply may provide foundational support for future price appreciation, assuming trust in the project is restored.
Final Outlook: Is a Recovery Possible?
The future trajectory of Pi Coin hinges largely on the Pi Core Team’s ability to rebuild trust through clear communication and timely execution of roadmap milestones—especially the Open Mainnet launch. Without greater transparency, skepticism will likely persist, prolonging bearish conditions.
If PI stabilizes above $0.82 and begins to gather bullish momentum, a recovery toward $1 remains within reach. However, failure to defend key support levels could trigger further declines toward $0.60 or lower.
Investors should remain cautious and monitor official announcements, market sentiment, and technical indicators closely. Any news regarding exchange listings, Mainnet progress, or regulatory developments could significantly influence PI’s price direction.
Frequently Asked Questions (FAQ)
Q: Is Pi Coin listed on major exchanges like Binance?
A: As of now, Pi Coin is not officially listed on Binance or other leading centralized exchanges. Trading occurs primarily on decentralized platforms and third-party markets.
Q: Why did Pi Coin lose over 40% of its value recently?
A: The sharp drop was driven by growing skepticism, delays in Open Mainnet launch, lack of major exchange listings, and negative commentary from prominent crypto figures questioning the project’s legitimacy.
Q: What happens if Pi Coin falls below $0.82?
A: A breakdown below $0.82 could signal further downside momentum, potentially pushing prices toward $0.60 or even $0.30 if selling pressure intensifies.
Q: How does token burning affect Pi Coin’s price?
A: The burning of unclaimed tokens reduces overall supply, creating deflationary pressure that may support long-term price growth—if demand increases or stabilizes.
Q: Can Pi Network recover its value?
A: Recovery is possible if the team delivers on roadmap promises, improves transparency, and secures listings on reputable exchanges—key catalysts for restoring investor confidence.
Q: Is mining Pi Coin still profitable?
A: Mining continues via the mobile app, but real-world value depends on future exchange availability and market adoption post-Mainnet launch.