After a parabolic run earlier in May, Pi Coin (PI) has sharply corrected, leaving traders wondering: was that the top, or is another explosive move around the corner?
Let’s break down the current data, the community sentiment, and what the future might hold for the controversial but fast-growing Pi Network token.
From $0.50 to $1.60 and Back: What Happened?
Over the past few weeks, Pi Coin surged from around $0.50 to a local high of $1.68, fueled by speculative momentum, new exchange activity, and growing community buzz. However, the rally quickly lost steam after May 13, and PI dropped back below the $0.80 range.
Source: Tradingview
Looking at the daily chart, we can see a textbook blow-off top pattern followed by declining volume and a failure to hold the $1.00 psychological level. The price now sits around $0.73 with weakening bullish pressure.
On the 4-hour chart, price consolidation continues with lower highs, suggesting that unless new buying pressure arrives, the token may remain sideways or test lower support around $0.65.
Mainnet Hopes vs Reality: What’s Fueling the Hype?
A key driver of Pi’s recent volatility is speculation around its mainnet launch. While some believe a full launch is imminent, the project has yet to deliver definitive public access or token withdrawals for all users.
This ongoing uncertainty has caused frustration in parts of the community. Still, many believe that when mainnet fully opens and exchanges list the real PI token (not IOUs), the price could surge due to supply shocks and pent-up demand.
Pi Coin Price Prediction – What’s Next for PI?
Short Term (Next 1–2 Weeks):
After the recent pullback, Pi Coin is showing signs of stabilization near the $0.73 support level. If this zone holds, a relief bounce toward $0.85–$0.90 is plausible. However, volume remains low, and any upside move without a clear catalyst may be short-lived. A break below $0.70 could open the door to a retest of $0.60 or even $0.50.
Medium to Long Term (Q3–Q4 2025):
The key variable remains Pi Network’s ability to launch a fully functional mainnet and allow unrestricted access to tokens. If the project follows through on these promises, and major exchanges begin listing the real PI (not IOUs), the price could experience a significant supply squeeze. In that scenario, a return to the $1.50–$2.00 range is realistic.
However, if delays persist or access remains limited, bearish sentiment could deepen, potentially pushing the token below $0.40 in the coming months.
Ultimately, the price of PI will reflect delivery, not hype. The roadmap is ambitious—but unless real-world utility, open token access, and ecosystem adoption follow soon, current valuations may be hard to justify.
Final Thoughts: Cautious Optimism or Fading FOMO?
The recent correction doesn’t necessarily spell doom for Pi Coin. The token remains one of the most-discussed assets on crypto Twitter and forums. However, the burden of proof now lies with the developers. Without a real mainnet rollout, utility use cases, and accessible tokens, the hype may continue to fade.
