The post Pi Network (Pi) has been observed to be trading sideways as analysts predict a decline to $0.5 and a subsequent fall to $0.4.  appeared on BitcoinEthereumNews.com.

Pi Network (Pi) has been observed to be trading sideways as analysts predict a decline to $0.5 and a subsequent fall to $0.4.  The asset has also broken its direct correlation with Bitcoin, moving in the opposite direction while the other holds strong.  Pi Network (Pi) has been struggling since reaching an all-time high price of $2.9. Our market data shows that Pi has currently declined by 6% in the last 24 hours, extending its weekly and monthly losses to 8% and 24%. From its current price of $0.578, Pi’s overall Return on Investment (ROI) seems to have declined by 33%. However, trading activities keep improving as the daily trading volume records an impressive surge of 44% to $107 million. This has earned it a spot in our top crypto picks for the week, as highlighted in our earlier news brief. Pi Technical Analysis Looking at some key technical indicators, we found that the Pi price has been in stagnation for some time, with its Aroon indicator confirming this. As indicated in the chart below, Pi’s Aroon Up Line, which is yellow, is currently trending around 0%, while Aaroon Down Line, which is blue, has fallen to 14.29%. Source: TradingView According to analysts’ interpretation, the 0% shows that the asset is yet to reach a new high, while the 14.29% also shows that Pi has not recorded any serious downturn recently. Meanwhile, the Average True Range (ATR) discloses that there has been a decrease in market volatility with a shift towards consolidation. Commenting on its price performance, the COO at Bitget Wallet, Alvin Kan, highlighted that Pi’s previous surge was triggered by anticipation. However, the recent supply of the token and the transition to a long-term project have significantly subdued the price. Pi Network’s initial surge was largely driven by…

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Filed under: News - @ April 30, 2025 3:25 am