Pi Coin price continues to underperform despite market signals confirming that an altcoin season has already started. Its failure to make strong gains like the rest of the market has stirred speculation about whether Pi Network could be dead, especially with the ongoing whale selling. Therefore, where is PI headed next? Is a crash to $0.26 imminent, or is recovery to $0.52 possible?
Pi Coin Price Outlook as Mixed Signals Emerge
The Pi Network token is only 9% shy of its all-time low of $0.40, and this is causing jitters among investors about this token being “dead.” The 4-hour timeframe chart amplifies these concerns due to the emergence of mixed signals that show the possibility of an imminent crash or potential recovery.
The RSI indicator is making the case for a potential recovery by showing a bullish divergence as it makes a slow but gradual rise while the Pi Coin price is dropping. This shows that there could be some traders buying at the bottom, and if this continues, the price might start bouncing to reflect the buying activity.
At the same time, the Bollinger bands are narrowing, which also signals a potential squeeze that might push the Pi Network token higher, possibly to the upper band of $0.47 before a stronger rally to the 161.8% Fibonacci level of $0.52 happens.
PI/USDT: 4-Hour Chart (Source: TradingView)
However, the lack of any strong recovery for the last three weeks, despite the rest of the market surging, shows that traders are abandoning Pi Coin and focusing on other gainers. This scenario creates a bearish Pi Network price forecast that a crash below the all-time low of $0.40 is more likely to happen in the near term.
A recent CoinGape analysis also detected a bearish breakout from a descending triangle pattern that suggested Pi Coin price may crash by 40% to $0.26 due to a gradual increase in the number of tokens entering exchanges.
Whales Move 1.5M Tokens to Exchanges
Whales might cause the drop in Pi Network price to an all-time low, as on-chain data shows that they have been moving their tokens to exchanges to reduce their exposure to the token. According to Piscan data, the top ten largest transactions completed in the last 24 hours involved the transfer of Pi tokens to exchanges.
The data shows that 1.5 million tokens moved from whale wallets to different exchanges, including OKX, Bitget, and Pionex, indicating that these traders are not willing to hold at the current prices, and they are not willing to accumulate during the dip.
PI Large Transactions (Source: PiScan)
When whales are not showing confidence in the current price action, it shows a bearish outlook where they are expecting the price to move lower. Considering this, the most likely course of action that the Pi Coin price will take is a decline below the all-time low in the near term before any meaningful recovery to the upside can happen.
✓ Share:
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
