After Crashing to Monthly Lows, Can Pi Network Stage a Comeback?

Pi token experienced a significant drop to $0.5492, indicating oversold conditions and the potential for a short-term rebound. Long-term recovery for Pi Network is threatened by internal challenges, including delayed features, slow decentralization, and a lack of transparency Pi Network’s token (PI) fell to a monthly low of $0.5492 on April 4, extending its downtrend from March’s peak. While oversold conditions hint at a possible rebound, structural and macroeconomic challenges could limit long-term recovery. The hourly chart shows PI’s Relative Strength Index (RSI) below 20, signaling oversold conditions, which historically is a trigger for short-term bounces. If a rebound occurs, PI could retest between $0.68 and $0.69, a former support zone now turned resistance, alongside the 50-hour EMA. Along with the RSI, the Chaikin Money Flow (CMF) is at -0.23, signaling negative money flow. This means selling pressure is still strong, with more capital leaving the token than coming in. However, traders should stay cautious. Oversold rebounds don’t guarantee trend reversals, especially with broader market risks. The U.S. trade war and shaky investor sentiment have hurt altcoins like PI, pushing capital toward safer assets. Internal Challenges Threaten Long-Term Growth Pi Network is facing growing criticism due to delayed features, slow decentralization, and uncertainty about its mainnet launch. A community member described this as Pi’s most difficult phase since 2019, pointing to issues like limited developer access, slow KYB/KYC progress, and unfulfilled promises such as functional nodes and exchange listings. PiDaoSwap has voiced frustration over the delayed and dragged-out KYB process, even though their platform is already fully developed. This painful slowdown isn’t just affecting pioneers (with KYC approvals and mainnet migration)—it’s hitting the very ecosystems trying to build on… pic.twitter.com/tqPeLQ8oX6 — Pi Network – Open Mainnet (@Pi81Mall) April 4, 2025 The Core Team’s monthly updates are often seen as vague, leading to increasing demands for transparency. Without clear progress, even short-term price gains may not be sustainable. “$Pi is probably in its most difficult situation since the start of the project in 2019. The price is down 55% and the Core Team seems to not be ready for the amount of work, responsibility and tasks which an “Open Mainnet” brings with it. No Mainnet Nodes yet. Community devs need an easier way to connect with Pi. KYB platforms need to be integrated more regularly, and decentralization is hard with P,” a Pi user recently stated. Trading Volume Rises – But Binance Snub Hurts PI’s 24-hour trading volume jumped 76% to $468 million, indicating that some traders are betting on a rebound. However, Pi’s exclusion from Binance’s Vote to List, which was limited to BNB-related projects, is a setback. Without support from major exchanges, PI’s price may struggle to m in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Pi token experienced a significant drop to $0.5492, indicating oversold conditions and the potential for a short-term rebound. Long-term recovery for Pi Network is threatened by internal challenges, including delayed features, slow decentralization, and a lack of transparency Pi Network’s token (PI) fell to a monthly low of $0.5492 on April 4, extending its downtrend from March’s peak. While oversold conditions hint at a possible rebound, structural and macroeconomic challenges could limit long-term recovery. The hourly chart shows PI’s Relative Strength Index (RSI) below 20, signaling oversold conditions, which historically is a trigger for short-term bounces. If a rebound occurs, PI could retest between $0.68 and $0.69, a former support zone now turned resistance, alongside the 50-hour EMA. Along with the RSI, the Chaikin Money Flow (CMF) is at -0.23, signaling negative money flow. This means selling pressure is still strong, with more capital leaving the token than coming in. However, traders should stay cautious. Oversold rebounds don’t guarantee trend reversals, especially with broader market risks. The U.S. trade war and shaky investor sentiment have hurt altcoins like PI, pushing capital toward safer assets. Internal Challenges Threaten Long-Term Growth Pi Network is facing growing criticism due to delayed features, slow decentralization, and uncertainty about its mainnet launch. A community member described this as Pi’s most difficult phase since 2019, pointing to issues like limited developer access, slow KYB/KYC progress, and unfulfilled promises such as functional nodes and exchange listings. PiDaoSwap has voiced frustration over the delayed and dragged-out KYB process, even though their platform is already fully developed. This painful slowdown isn’t just affecting pioneers (with KYC approvals and mainnet migration)—it’s hitting the very ecosystems trying to build on… pic.twitter.com/tqPeLQ8oX6 — Pi Network – Open Mainnet (@Pi81Mall) April 4, 2025 The Core Team’s monthly updates are often seen as vague, leading to increasing demands for transparency. Without clear progress, even short-term price gains may not be sustainable. “$Pi is probably in its most difficult situation since the start of the project in 2019. The price is down 55% and the Core Team seems to not be ready for the amount of work, responsibility and tasks which an “Open Mainnet” brings with it. No Mainnet Nodes yet. Community devs need an easier way to connect with Pi. KYB platforms need to be integrated more regularly, and decentralization is hard with P,” a Pi user recently stated. Trading Volume Rises – But Binance Snub Hurts PI’s 24-hour trading volume jumped 76% to $468 million, indicating that some traders are betting on a rebound. However, Pi’s exclusion from Binance’s Vote to List, which was limited to BNB-related projects, is a setback. Without support from major exchanges, PI’s price may struggle to m” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.