- Pi Network is trading near its all-time low at $0.54, with technical indicators signaling oversold conditions and a potential breakout ahead.
- However, collapsing trading volume and rising exchange holdings raise concerns about sell pressure, despite a whale accumulating 290 million PI tokens.
Pi Network (PI) is trading dangerously close to its all-time low, with technical patterns suggesting a major move is on the horizon. Despite signs of potential recovery, bearish factors continue to weigh heavily on the struggling cryptocurrency.
Pi Network Stuck in a Tight Range as Pressure Builds
At the time of writing, Pi Network trades near $0.54—just above its horizontal support at $0.55. This forms the base of a descending triangle pattern, typically a bearish setup. Still, technical indicators such as the Relative Strength Index (RSI) at 35 and Money Flow Index (MFI) below 20 suggest the token is oversold. These signs often precede price recoveries—but only if buying pressure increases.
🚨 $Pi price alert! 🚨
As $Pi continues consolidating inside a symmetrical triangle, price action is tightening between $0.54–$0.74.
📈 A breakout & retest near $0.74 could ignite a powerful rally of +1u or more!With #Pi2Day coming up on June 28, any bullish catalyst—like… pic.twitter.com/1WXI4QQ9qG
— Pi Barter Mall来购酷买 (@pibartermall) June 19, 2025
The Squeeze Momentum Indicator hints at possible bullish strength building, while symmetrical triangle compression between $0.54 and $0.74 signals an upcoming breakout. A close above $0.74 could push PI toward the $1 mark, but losing support at $0.54 might drive prices toward $0.40.
Volume Collapse and Exchange Holdings Raise Red Flags
One of the most worrying trends is the dramatic drop in trading activity. Daily volume has plummeted by over 95% since February, falling from $3 billion to under $100 million. This sharp decline reflects waning investor interest and severely limits the likelihood of a breakout without renewed demand.
$Pi is trading at $0.62 and is just getting hammer down with each $BTC dip. The strength & power to go up is gone with an always decreasing trading volume.
The trading volume over the last weeks:
May 12th: $5.46B
May 19th: $1.53B
May 26th: $902M
Jun 2nd: $484M (so far)Sadly,… pic.twitter.com/KXXBUj01dv
— pinetworkmembers (@pinetworkmember) June 12, 2025
At the same time, exchange holdings of PI tokens have risen 30% since March, hitting 347 million tokens. Gate.io leads with over 163 million PI, suggesting mounting sell pressure as investors move tokens onto exchanges.
Whale Activity Offers a Glimmer of Hope
Despite the bearish conditions, one large investor has accumulated 290 million PI tokens worth approximately $150 million since March. This whale action could point to optimism around future developments such as exchange listings or Pi Network’s upcoming June 28 Pi2Day event. If PI rebounds to its all-time high near $3, this stake would approach a $900 million valuation.
Still, the market remains divided—some view this as confidence, others as increased risk due to centralized holdings.
The fate of Pi Network now hinges on whether it can hold the $0.54 support and reignite trader interest. With whale accumulation clashing with bearish technicals and collapsing volume, the stage is set for explosive movement—one way or the other.
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