{"id":79047,"date":"2025-07-08T10:41:13","date_gmt":"2025-07-08T10:41:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=79047"},"modified":"2025-07-08T10:41:13","modified_gmt":"2025-07-08T10:41:13","slug":"pi-network-pi-crashes-by-70-in-2-months-is-there-any-hope-left","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=79047","title":{"rendered":"Pi Network (PI) Crashes by 70% in 2 Months: Is There Any Hope Left?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PI has plunged by double digits since mid-May, with millions of tokens set to unlock soon. This looming influx increases the selling pressure, which could be among the main factors behind the continued decline.<\/p>\n

While some analysts predict further losses, others remain optimistic and expect a surge toward $5. Meanwhile, PI\u2019s RSI has dipped to near 30, signaling oversold conditions, which could be a precursor of a bullish reversal.<\/p>\n

<\/a><\/span><\/h2>\n

PI\u2019s \u2018Main Problem\u2019<\/h2>\n

Pi Network\u2019s PI remains one of the <\/span>poorest performers<\/span> in the <\/span>crypto<\/span> market.<\/span> The token, which became<\/a> tradable on certain exchanges in February this year, has seen its price collapse by approximately 70% since mid-May. Currently, PI is worth around $0.45, and according to some industry participants, the pullback might intensify in the short term.<\/span><\/p>\n

X user Zoe believes<\/a> the <\/span>asset\u2019s <\/span>\u201cmain problem<\/span>\u201c<\/span> lies in its massive supply and the constant release of new tokens. <\/span>More than 246 million coins <\/span>are set<\/span> to unlock over the next 30 days, with <\/span>around<\/span> 16.4 million PI scheduled <\/span>on July 10<\/span> alone.<\/span> This influx gives investors the chance to finally offload their tokens, adding significant selling pressure and fueling the ongoing downward momentum.<\/span><\/p>\n

<\/a>PI Token Unlocks, Source: Piscan<\/p>\n

Zoe thinks that one factor that might stop PI\u2019s free fall is the potential introduction of a burning mechanism. Such a program takes tokens out of circulation by sending them to an inaccessible wallet. Fundamental principles of economics dictate that a reduced supply, combined with non-declining demand, should result in price appreciation.\u00a0<\/span><\/p>\n

Some people commenting on the post agreed with Zoe\u2019s idea. Others claimed the lack of a burning mechanism isn\u2019t the only problem PI has, outlining the need for better communication with the community and the implementation of a buy-back system.\u00a0<\/span><\/p>\n

Price Forecasts<\/span><\/h2>\n

The community seems split regarding PI\u2019s <\/span>next<\/span> potential targets. Some, such as X user Crypto Cloud, are on the bearish side, suggesting that the asset\u2019s recent performance has shown \u201cthe true meaning of rock bottom.\u201d<\/span><\/p>\n

$PI<\/a> is slowly teaching me detachment, depression and the true meaning of rock bottom. Hope it doesn\u2019t fall below $0.4.<\/p>\n

Like, retweet and #Follow_me<\/a> pic.twitter.com\/efKQXqIsqS<\/a><\/p>\n

\u2014 Crypto Cloud (@kizzyking020) July 6, 2025<\/a><\/p>\n\n

Others, like MOON JEFF, stand in the opposite corner. The analyst, who touches upon the matter quite frequently, <\/span>argued<\/span><\/a> that those selling PI at its current levels may be \u201cbig losers.\u201d<\/span><\/p>\n

\u201cAll you have to do is wait for $5 and sell. When the altseason finally comes, the PI pumps will be crazy,<\/span>\u201c<\/span> he envisioned.<\/span><\/p>\n

Meanwhile, the asset\u2019s Relative Strength Index (RSI) has slipped to almost 30, which <\/span>refers to<\/span> oversold territory and <\/span>is typically considered<\/span> a bullish signal.<\/span>
\n<\/span><\/p>\n

<\/a>PI RSI, Source: Trading View<\/p>\n

The post Pi Network (PI) Crashes by 70% in 2 Months: Is There Any Hope Left?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI has plunged by double digits since mid-May, with millions of tokens set to unlock soon. This looming influx increases the selling pressure, which could be among the main factors behind the continued decline. While some analysts predict further losses, others remain optimistic and expect a surge toward $5. Meanwhile, PI\u2019s RSI has dipped […]<\/p>\n","protected":false},"author":0,"featured_media":79048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79047"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79047"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79048"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}