Pi Coin’s Shocking 10% Fall Triggers Market Panic! Is Pi Network’s $1 Breakout Still Possible?

Over the last 24 hours, Pi price has dropped nearly 10%, triggering alarm bells for traders. A growing wave of selling pressure has taken the spotlight, confirmed by bearish indicators like a rising DI and a plunging Chaikin Money Flow (CMF). Technical signals now suggest that a death cross could be on the way, which is usually a bad price omen. With support levels under fire and momentum weakening fast, many are asking: could Pi coin be on its way to test the $0.50 mark, or even dip below it?

Selling Pressure Mounts: Is Pi Headed for a Breakdown?

Pi Network is currently in the red, as a clear shift in market sentiment fuels speculation of deeper losses. The DMI on the 4-hour chart paints a clear bearish picture. With DI surging to 40.47 and ADX sitting strong at 27.5, sellers are dominating the trend. The +DI has plunged to just 10.87, showing that buying interest is drying up. If this setup holds, Pi could remain under pressure in the near term.

PI/USDT DMI Chart, analyzed by ShwetaCW, published on TradingView, April 17, 2025

Adding fuel to the fire, Pi Network’s Chaikin Money Flow flipped sharply from 0.07 to -0.13 in just a day. That kind of drop signals aggressive outflows and a lack of buyer conviction. In simpler terms, money is leaving the market fast. 

Pi Price Analysis of April 17

The trading day of April 16 started with the PI/USDT chart showing signs of bearish pressure. Early momentum was triggered by overbought signals around 09:40 UTC, when the RSI likely crossed above key levels. This caused the price to hit resistance at $0.6373 and retreat. Following this, the 5-minute chart showed PI trading sideways, particularly after the death cross appeared at 15:40 UTC, a classic bearish signal. Later in the session, at 17:55 UTC, RSI dipped into oversold territory, and the price found temporary support at $0.5905. This bounce coincided with the formation of a golden cross, hinting at a possible short-term recovery. 

PI/USDT 5-minute chart, analyzed by ShwetaCW, published on TradingView, April 17, 2025

As April 17 progressed, price action remained muted, though there was some upward movement into the early morning hours. By 07:00 UTC, however, the MACD indicator flashed another death cross, signaling that bearish momentum could return. The market remains cautious. According to Pi price prediction, if this bearish setup continues, PI could test the $0.5000 support zone. On the flip side, a bullish breakout above $0.6373 might push the price toward $0.7100, provided buying pressure returns with volume.

Pi Price Prediction

The current DMI chart on the 4-hour timeframe shows sellers taking the lead, with the -DI (red) above the +DI (blue), and ADX remaining strong near 40. This suggests a clear downtrend for Pi coin. Unless bulls step up soon, the pressure may continue. Based on this short-term Pi price prediction is a dip toward $0.59, with resistance near $0.63. If bearish momentum fades, a bounce is possible. However, Pi Network remains under bearish influence for now, and traders should stay cautious unless a trend reversal signal appears.