Figure:https://www.gate.com/futures/USDT/PI_USDT
On July 15, 2025, the token of Pi Network (PI) is currently priced at $0.4510, experiencing a significant adjustment in the short term. Pi has seen an overall decline of over 23% in the past month, and the rebound trend has been disrupted. With a market capitalization of approximately $3.59 billion, it ranks in the middle among all crypto assets, but its trading volume ranks in the top 50, indicating a high level of market interest.
One direct reason for this pullback is the recent influx of approximately 6 million PI (worth about 2.8 million USD) unlocked tokens into exchanges. Most of these tokens come from early contributors and node rewards, with a strong willingness to sell, exacerbating market selling pressure. Additionally, the Pi Network has not fully launched the Open Mainnet, resulting in a lack of substantial use cases to support it, leading to a decline in investor confidence.
From the perspective of the chart analysis, the current price of Pi is operating at the lower Bollinger Band, indicating a short-term bearish trend. The 20-day moving average shows a downward trend, becoming a resistance line above. The bandwidth between the upper and lower Bollinger Bands is gradually narrowing, often signaling an upcoming new round of trend fluctuations.
In terms of indicators, the Relative Strength Index (RSI) is at 34.94, approaching the “oversold” zone. If the RSI continues to drop below 30, it may trigger a technical rebound. However, in the absence of strong support, the rebound potential may be limited. In terms of trading volume, there has been a certain degree of increase over the past 3 days, indicating a growing divergence in the market.
In addition, the MACD (Moving Average Convergence Divergence) indicator shows that the fast line and the slow line crossed each other on July 10, confirming a short-term downward trend. If the price falls below $0.45, it may test the previous low of the $0.38 area.
If PI wants to reach 1 dollar in 2025, it must meet multiple prerequisite conditions:
It is worth noting that if the mainnet launch does not meet expectations or the market continues to maintain unlocking pressure, the price of Pi may instead drop to the range of 0.35-0.40 dollars, returning to the bottom-building process.
For beginners, the following strategies can be adopted:
Pi Network aims to achieve a target of 1 dollar by 2025, relying on strong ecological development and community consensus. Currently, it is in a phase of pressure release, with weak technical indicators and high unlocking risks. However, if combined with the mainnet launch and a market recovery, it still holds long-term bullish potential. Newcomers should approach price fluctuations rationally, avoiding blind chasing of highs or panic selling.