Shocking Pi News: Pi Coin Collapses to $0.70! Can It Bounce Back to $3 or Is It Doomed to Fall Below $0.68?

Pi Network (PI) has plummeted heavily in March, trading at $0.70 amid bearish market sentiment. Analysts debate whether the token, still down 90% from its peak, can recover or sink further. With fading hype around its Mainnet launch and dwindling miner activity, PI faces existential pressure. Technical patterns suggest a make-or-break moment: will Pi Coin stabilize or collapse below critical support? Let’s dissect the factors shaping its trajectory, from whale accumulation to RSI extremes, and predict PI’s next move.  

Pi Network at a Crossroads: Rebound or Further Decline?

Pi Network’s decline stems from stalled ecosystem growth and miner sell-offs. Over 60% of PI’s supply is held by early miners, many now offloading tokens post-Mainnet disappointment. Bullish hopes hinge on Ripple-style regulatory clarity, but PI lacks institutional backing. A falling wedge pattern on the weekly chart hints at a potential breakout, but volume remains weak. For recovery, PI must reclaim the resistance, a level that crushed rallies twice in March. Until then, skepticism dominates.  

Conversely, PI’s oversold RSI (28.6) and whale wallet accumulation signal contrarian optimism. If Bitcoin stabilizes, PI could rebound to $5, aligning with its 200-day SMA. However, bearish divergence in the MACD warns of further downside. A break below $0.68—a psychological support—might trigger panic selling toward $0.50. With no major partnerships or exchange listings announced, Pi Coin’s fate rests on technicals and broader market sentiment. Let’s take a look at the Pi price prediction to clearly see the sentiment of Pi in a smaller timeframe.

Pi Price Prediction for April 1, 2025

Key resistance and support areas are shown on the Pi Network M15 time frame chart. Rejection around the resistance of $0.76 and $0.78 has caused the price to fall. At $0.68, a possible support region, which formerly served as a reversal area, the current price is $0.7111. At 39.97, the Relative Strength Index (RSI) shows bearish momentum but not yet in the oversold area. Indicative of some minor bearish crossover, the MACD points to possible short-term downside action.

Chart 1: Analysed by vallijat007, published on TradingView, April 1, 2025

Price recoveries resulting from two previous oversold levels identified by RSI suggest that a potential rebound could happen should the price approach the support level close to $0.68 once more. Not holding support, however, can result in more setbacks. If the price rises, it has to break the $0.76 resistance to validate bullish momentum. For possible reversals or more bearish development, traders should watch RSI and MACD data.

Pi Network Price Outlook: Will Support Hold or Break?

Pi Network’s price action remains uncertain, with key support at $0.68 and resistance at $0.76. Technical indicators like RSI and MACD suggest potential downside, but past oversold conditions have triggered rebounds. If buyers step in near support, PI could attempt a recovery, targeting $0.76 or higher. However, failure to hold above $0.68 may accelerate losses. Broader market sentiment and volume trends will dictate the next move. Traders should watch for confirmation signals before taking positions in either direction.