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Crypto Correction Hits Pi: Here’s Why It May Not Last

Irene Mukiri by Irene Mukiri
June 23, 2025
in Market, News, Price Analysis
Reading Time: 5 mins read
Crypto Correction Hits Pi Here’s Why It May Not Last
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  • Pi Network’s enclosed Mainnet limits market volatility but supports ecosystem growth
  • Technical indicators show Pi is oversold, hinting at potential short-term rebound
  • Year-end forecasts place Pi near $0.40, signaling a possible long-term accumulation zone

The recent dip in Pi Network’s price has caught the attention of crypto investors and enthusiasts worldwide. With the token hovering around the $0.50 mark, concerns are rising over its short-term direction. However, this price movement is not unique to Pi alone. The entire crypto market is currently undergoing a significant correction. 

Major cryptocurrencies like Bitcoin, Ethereum, and Solana have all experienced notable declines. These downward trends have impacted overall investor sentiment, dragging many smaller projects down with them including Pi. Yet, despite the turbulence, Pi Network still holds several unique strengths that could position it for recovery and long-term growth.

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Enclosed Mainnet and Ecosystem Growth

Unlike most mainstream coins, Pi is still operating within an Enclosed Mainnet. This means its market exposure is limited, and trading is restricted. Dr. Nicolas Kokkalis, a key figure behind Pi Network, believes this stage is crucial for building utility and stability. 

During this period, over 50 million users have remained active and committed. These holders are not just speculators they’re part of an ecosystem that continues to expand.

Moreover, real applications are being developed on the Pi platform. This signals a steady, utility-based growth that’s less dependent on hype. 

As more developers build within the ecosystem, the long-term value of the token could increase organically. Once Pi transitions to an Open Mainnet and secures listings on major exchanges, its real market price could finally emerge.

📉 Why Is #PiNetwork Price Low Right Now? Will It Rise Again? 🔄

🚨 Global crypto correction is hitting all major coins — not just Pi.
🔻 #Bitcoin, #Ethereum & #Solana have dipped recently, dragging the market sentiment down. When these giants fall, the whole market feels it.… pic.twitter.com/8f48DaHzCV

— Dr. Nicolas Kokkalis (@drnicolas_) June 22, 2025

Short-Term Price Trends and Technical Indicators

As of press time, Pi is trading at around $0.5063, showing a slight dip of 0.84% on the day. The coin experienced a V-shaped price movement falling to $0.475 before rebounding. This pattern indicates strong buyer interest near support levels. Resistance remains tight around $0.510 to $0.512, while a push beyond $0.520 could ignite short-term bullish momentum.

Support zones between $0.475 and $0.490 have shown resilience. Volume surged by over 32% in 24 hours, reflecting increased trading activity. 

PI/USD daily price chart, Source: TradingView

However, the MACD suggests that bearish momentum still lingers. With the RSI hovering at 29.24, the token appears oversold. This could signal a possible recovery or sideways movement in the coming days.

Future Outlook: What to Expect by Year-End

According to Dr Altcoin, Pi Network’s price may stabilize around the $0.40 range until the end of August. He also notes that Pi Day 2 is unlikely to cause any significant price movement. 

Pi is officially in the $0.4 range, and I expect it to remain there until the end of August. Pi Day 2 is unlikely to have any impact. @PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/KUBKw7pCzM

— Dr Altcoin (@Dr_Picoin) June 22, 2025

Looking further ahead, Coincodex projections for December 2025 suggest Pi might trade between $0.404 and $0.411. This would represent a near 20% decline from current levels, yet still offer potential returns for those buying at a lower price.

Tags: Pi Network (PI) NewsPrice Analysis

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