Pi Network Price Declines 5% as Bearish Indicators Emerge
The price of Pi Coin has decreased by 5% recently, now trading at $0.67. The broader market sentiment is bearish due to factors such as the US-China tariff conflict, which may lead to further declines in Pi's value.
On-Chain Metrics Indicate Selling Pressure
- The Chaikin Money Flow (CMF) indicator shows increasing outflows, indicating sellers dominate the market.
- This trend reflects growing hesitation and declining confidence in Pi's short-term prospects.
- The Squeeze Momentum Indicator highlights low volatility with potential for sharp downward price movements.
Pi Network CMF – Source: TradingView
Pi Network Squeeze Momentum Indicator – Source: TradingView
Price Forecast
- Analyst Dr. Altcoin predicts continued price decline until late August, with a potential drop to $0.40.
- The forecast emphasizes the need for transparency from the Pi Core Team to regain investor confidence.
The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40—unless the Pi Core Team becomes transparent. No investor wants to put money into something where the founders refuse… pic.twitter.com/KEvAwOyhX9
— Dr Altcoin (@Dr_Picoin) May 28, 2025