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The PiCoreTeam (Pi) token is under severe downward pressure.
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Pi is down 80% since its February high.
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Users are worried about Pi’s future after its latest price behavior.
Since the middle of May, PiCoreTeam (Pi) is under bearish pressure after a failed attempt at regaining its bullish momentum. The cryptocurrency has fallen below crucial support and analysts are now questioning how soon it can regain sustainable demand.
TradingView data at the time of writing shows that Pi was trading at $0.6270, which is below its launch price and close to its lowest historical price. The latest cryptocurrency trajectory is contrary to what users expected, given the hype surrounding Pi’s entry into the crypto market as well as the initial price surge.
The Path of Pi on Charts
TradingView’s data shows that Pi soared 380% in just one week after its official launch. The initial rally was followed by a sharp decline, and the cryptocurrency lost its gains within a month. Pi’s lowest point was reached on May 5, 2025 after the price dropped to $0.4000. The bearish pressure continued for four weeks as the crypto token maintained its sideways trend.
Pi surged 190% to $1.6699 in a one-week rally. During this period, the market gained confidence and set expectations for the digital asset’s future. Contrary to expectations Pi succumbed again to bearish pressure.
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Pi Network’s current moves
The latest move of the cryptocurrency is critical, given that it has fallen below a crucial support level and shows no immediate signs of recovery. Pi fell below the support of $0.86 on May 16 despite the Pi Foundation announcing a $100 million fund to support projects related to AI, fintech and gaming.
Pi’s current price reflects a 80% drop from its all-time high in February. This price behavior is typical for crypto assets during severe bear markets. Users are left worried about the future of their crypto asset.
