The Pi Network is once again making headlines — but not for the reasons its community would hope. Migration issues are still troubling users, and the price of Pi Coin has dropped sharply since its earlier highs.
Pi Network is currently trading at $0.65 and is in the red. The coin has fallen 11% over the past seven days and has been stuck in a bearish trend, slipping from $0.6549 and staying below the 50 EMA. For now, support at $0.6494 is holding, which is an important level to watch.
On the upside, resistance sits at $0.70 and $0.80. The RSI is at 40, which means the coin is getting close to the oversold zone. This could bring some buying interest soon.
Is Pi at $0.64 a Bargain?
Not everyone is bearish. Some analysts see the current price as an opportunity. Crypto researcher Kim Wong called $0.64 a ‘bargain zone’, reminding followers that Pi once reached $3 and now ranks 28th globally by market cap. He argued that while 80% of early users abandoned the project, the remaining 20% are starting to benefit as the network slowly stabilizes.
Wong explained that as more users complete their KYC and transfer tokens to personal wallets, the circulating supply will tighten. Combined with the Pi team’s new $100 million venture fund and potential partnerships, this could set the stage for future growth.
Despite short-term challenges, crypto analysts still trust in Pi’s long-term potential. If trading volumes rise, new decentralized apps (DApps) launch on the mainnet, and big exchanges like Binance or Coinbase list Pi, it could trigger a strong rally.
However, concerns remain about the project’s transparency, governance, and delays in migration processes. These issues have kept investor sentiment cautious, and without major improvements soon, Pi’s price might continue to struggle.
