Pi Network Crashes 18% But Could Soar to $3? Inside the Community’s Push for Transparency

Pi Network price is facing critical challenges as the Pi coin community pushes for transparency to avoid the same pitfalls that led to Mantra’s issues. Without transparency, the project struggles to gain listings on major exchanges, and the Pi coin price could remain stagnant. However, the recent re-entry into a demand zone on the Pi price chart has sparked hope for a potential trend reversal.

Pi Network Price at a Pivotal Moment

Pi Network price is at a pivotal moment as the Pi community demands transparency to help the project avoid the same setbacks that affected Mantra (OM). The lack of openness has already hindered Pi coin from securing listings on top exchanges like Binance and Coinbase. These exchanges require clear and auditable data before listing a token, but the Pi team has struggled with meeting these requirements.

Dr Altcoin, a vocal community member, stressed the importance of adopting transparency to boost investor confidence. He noted, “It serves as a HUGE lesson for the Pi Core Team,” highlighting concerns about the lack of progress since the Pi Open Mainnet launch. Additionally, the top 3 wallets, controlled by the Pi team, hold more than 67 billion tokens, further raising concerns over tokenomics.

Despite recent setbacks, the Pi Network price has dropped by 18.01% today, bringing it back into a major demand zone. This zone has historically led to price reversals and surged buying volume. If transparency is adopted and the team addresses these concerns, Pi coin could see significant price rallies, with some speculating a price increase to $3 or more.

Pi Price Analysis of April 16

Following this, the trading day of April 15th started with moderate trading shown on the PI/USDT 5-minute chart. Until 09:40 UTC, when the MACD line indicator showed a death cross that initiated a breakdown, confirmed by an oversold RSI situation. The price then entered a new trading range. The MACD line indicator showed a golden cross at 11:10 UTC, indicating an upward potential for the price. However, a death cross appeared at 13:45 UTC, suggesting a downward move. Later, at 21:10 UTC on April 16th, an oversold situation appeared on the RSI indicator.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 16, 2025

The trading day of April 16th started with bearish momentum fueled by an oversold situation at the beginning of the day. Again at 04:35 UTC, the RSI indicator showed an oversold situation, which led the price to find new support at $0.6009. The MACD line indicator showed a death cross at 07:20 UTC, indicating a downward trend. According to Pi price prediction, if the bearish momentum continues, the price could break the current support and aim for $0.5200. Alternatively, if the trend reverses, it could break the current resistance, which was the previous support of $0.7133, and aim for $0.7800.

Pi Network Price Prediction

The Pi Network’s price is heavily influenced by transparency and community efforts. In the short term, the Pi coin could potentially rebound to $0.71 if buying pressure increases. However, if the project addresses transparency concerns and secures listings, the Pi price could rise significantly in the long term, with a target of $1.00 to $3.00.