- Pi Network remains 80% below its peak, with $4.17B market cap and stalled momentum with reduced trading activity.
- Exchange-related developments, including HTX and BitMart, could influence price action if listings or volume increase.
- RSI at 48.05 and A/D at –256.75M suggest weak momentum and sustained outflows despite brief signs of accumulation.
The price of Pi Network has been in a narrow band in early May, suggesting continued market uncertainty. The coin is trading at $0.5926, nearly unchanged from its position in recent weeks. This price is a steep 80% drop from its peak, indicating fading investor enthusiasm since February.
Pi’s market cap touched nearly $19 billion during its surge. However currently it is at $4.17 billion. The loss of momentum has coincided with the broader decline in trading volume and market participation. Still, hints of possible exchange listings and improving regulatory progress may boost Pi’s price this month.
Tight Range Movement as Volume Thins Out
Between mid April and early May, Pi’s price had substantial changes in direction. It surged toward $0.80 in mid April, followed by a sharp decline below $0.60. Selling pressure remained dominant in the final days of April, forming lower highs and lower lows.
Early May, the coin has settled into a range near $0.59. The RSI has increased from near oversold levels to 48.05. This reading is just under the neutral 50 level, indicating weak momentum.
Although a slight recovery is visible, current values do not confirm strong buying pressure. Meanwhile, the Accumulation/Distribution (A/D) line is at a negative level at –256.75 million, showing sustained outflows despite brief periods of accumulation.
Potential Impact of Exchange Activity and Listings
HTX, a leading exchange affiliated with Justin Sun, has hinted about Pi Coin in multiple online posts though no official announcement yet. According to previous market behavior, new listings often attract fresh liquidity and stronger activity. BitMart resumed Pi Coin trading after completing a Know Your Business (KYB) process.
Banxa also finalized its KYB compliance. These steps are necessary due to Pi Network’s requirement for stricter compliance before listings. This separates it from other crypto projects that operate with less regulatory oversight.
Community and Market Sentiment Changes
According to Dr. Altcoin, many longtime holders exited the project when Pi fell below $1. Despite this, community discussions continue, especially around future supply estimates.
Dr. Altcoin notes that the total supply may remain below 100 billion Pi, possibly closer to 20 billion. This supply scenario has influenced some traders’ expectations, though it has not affected short term price behavior.
Potential Scenarios for May 2025
On a bullish Case, a break above $0.60 with RSI surpassing 60 and increased volume could send Pi toward $1.70 to $1.75. Hower, falling below $0.58 to $0.55 support may lead to declines toward $0.50 or even $0.45.
