Here’s why Pi Network is sliding

Here’s why Pi Network is sliding
Pi Network Slides 10.55% Today

Pi Network (PI) is currently trading at $0.2534, which is above the MA-20 at $0.2132 but remains just below the MA-50 at $0.2658 and well below the MA-200 at $0.474. The price has declined by $0.0299, or 10.55%, today and is trading close to the session low, reflecting increased intraday volatility and high selling pressure after a small gap down at the open.

PI price prediction
24H -3.86%
$0.1247
48H -4.86%
$0.1234
7D -12.18%
$0.1139
1M -32.69%
$0.0873
3M -38.01%
$0.0804
6M -55.9%
$0.0572
12M -53.51%
$0.0603
Current price: $ 0.1297 0.0024 1.90%
Real-time Data 03:30
Daily range 0.129 Arrow from to Icon 0.1313
Weekly range 0.1180 Arrow from to Icon 0.1454
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Highlights

  • Pi Network's first investment by Pi Ventures targets OpenMind, forming an AI partnership to develop a decentralized operating system for robotics and artificial intelligence.
  • The collaboration utilizes Pi Nodes' global network to provide decentralized AI computing power, expanding Pi Network's application beyond traditional mining activities.
  • Recent launches including the Pi App Studio and Protocol version 23 on testnet enhance AI app development, smart contract capabilities, and regulatory preparedness.

Project expansion accelerates as decentralized AI partnership garners attention

Pi Network made headlines with its first investment by Pi Ventures in OpenMind, an AI-focused partnership that aims to build a decentralized operating system for robots and artificial intelligence. This collaboration leverages the global network of Pi Nodes to provide decentralized AI computing power, expanding the project's utility beyond traditional mining. Additional key drivers include the official launch of Pi App Studio to democratize AI app development and the activation of Protocol version 23 on the testnet, enhancing smart contract capabilities and regulatory readiness.

Anton Kharitonov, expert at Traders Union, notes that Pi Network's investment into AI and the launch of new app development platforms signal genuine attempts to establish long-term utility and institutional appeal beyond its existing mining framework. However, recent price action and the pronounced selloff have dented short-term sentiment, as selling pressure continues to outweigh enthusiasm around these initiatives. Still, Kharitonov believes regulatory readiness and ecosystem growth create a more neutral outlook for patient investors. "Market momentum is currently bearish, but news of ecosystem expansion provides some foundation for cautious optimism if adoption accelerates."

Viktoras Karapetjanc, expert at Traders Union, observes that ongoing macro headwinds and weak broader crypto market sentiment continue to overshadow Pi Network’s strategic moves into AI partnerships and regulatory enhancements. While the activation of Protocol version 23 and collaboration with OpenMind could support future credibility, global risk aversion and lack of institutional inflows remain constraining factors. Karapetjanc cautions that price recovery will require both sustained technology adoption and improved macro market conditions. "Until we see substantial shifts in the risk environment and stronger market participation, PI may remain trapped within its current range."

Parshwa Turakhiya, analyst, points out that despite high-profile news, the market’s immediate reaction is dominated by heavy selloffs and failure to rally above $0.2660, exposing downside risks. He highlights the persistent disconnect between positive headlines and actual investor confidence, questioning the effectiveness of Pi Network’s recent developments. "The lack of sustained buying after news releases suggests traders are skeptical, so I remain cautious about any near-term upside."

Bearish momentum clashes with overbought indicators near technical resistance

Momentum signals for PI are mixed: the ADX shows persistent selling pressure and the MACD also issues a strong sell signal, while the daily RSI and CCI remain overbought. Stoch RSI confirms the overbought status, and the BBP indicator is neutral, pointing to no clear intraday buyer advantage. The Awesome Oscillator offers mild bullishness, yet this is insufficient to counteract prevailing downside momentum. The price action highlights a disconnect, with overbought oscillators clashing against robust bearish trends, as PI trades near today's lows and within a structure defined by the MA-50 resistance at $0.2658 and dynamic support from the Ichimoku Kijun at $0.2307.

Previously it was noted that new DeFi features such as a DEX and AMM pools had been launched on the testnet to support developer innovation. Additionally, the asset continued to face steep market challenges, with an $18 billion decline in market value leading to heightened investor caution.

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.
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