Pi Network Faces Bearish Outlook Amid Weak Support and Delays

Pi Network faces a bearish outlook amid weak support and delays. Pi Network (PI) is facing strong bearish pressure after failing to hold above the $0.70 support mark. The decline followed fading excitement from Consensus 2025, where speculative hype gave way to widespread sell-offs. Market watchers now view this week as critical, with thin liquidity and growing doubts about Pi’s near-term potential. Despite having a large and active community, the lack of listings on major exchanges continues to hinder price discovery.

The second PI Coin price prediction is bearish. It suggests the PI Network price has started a five-wave downward movement and is at the top of wave four today.

An increase above $0.91 will invalidate the prediction (red) since that would create an overlap between waves two and…

— clark.ron | $CAG @ 🇵🇭 (@clarkron_2008) May 22, 2025

Many users express frustration over the slow progress toward mainnet launch and limited real-world utility. Analysts warn that unless development speeds up and concrete use cases emerge, Pi could struggle to maintain relevance, even if the broader crypto market rebounds. With sentiment shifting toward utility-driven tokens, Pi’s community backing alone may not be enough. The project now faces mounting pressure to deliver tangible results or risk deeper corrections and prolonged stagnation in an increasingly competitive market.

Key Pi Levels To Watch – May 21

PIUSD is trading below the $0.8330 moving average, showing bearish momentum. Price is expected to tap into a Fair Value Gap (FVG) and get rejected.

The ascending trendline is currently being tested, and a break below it could trigger further downside. RSI is neutral but leaning weak, offering room for sellers to push lower.

Pi Key Levels

Resistance Levels: $0.9630, $1.6700, $3.0000
Support Levels: $0.6600, $0.4000, $0.1000

Pi Network METRICS

Total Market Capitalization: $3.48T
Pi Market Capitalization: $6.00B
Pi Volume: $365.32M
Market Rank: #25

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