{"id":48478,"date":"2026-04-02T11:35:24","date_gmt":"2026-04-02T11:35:24","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/02\/pi-network-price-forms-an-alarming-pattern-as-demand-wanes\/"},"modified":"2026-04-02T11:35:24","modified_gmt":"2026-04-02T11:35:24","slug":"pi-network-price-forms-an-alarming-pattern-as-demand-wanes","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/02\/pi-network-price-forms-an-alarming-pattern-as-demand-wanes\/","title":{"rendered":"Pi Network price forms an alarming pattern as demand wanes"},"content":{"rendered":"
<\/div>\n

Pi Network price has moved sideways in the past two weeks as its demand and liquidity waned. <\/p>\n

The token was trading at $0.1750, down by about 40% below the year-to-date high.<\/p>\n

It has slipped by over 90% from the all-time high, erasing billions of dollars in value. <\/p>\n

It has formed the risky head-and-shoulders pattern, pointing to further downside as its demand wanes.<\/p>\n

Pi Network price on edge as demand wanes<\/h2>\n

The ongoing Pi Network price consolidation is happening as third-party data shows that its demand has faded. <\/p>\n

According to CoinMarketCap, the 24-hour volume dropped to just $18 million on Thursday, down from over $90 million in March this year.<\/p>\n

Most of the volume is still on OKX, which handled Pi Network tokens worth over $5.4 million. <\/p>\n

It is followed by exchanges like Bitget, Gate, and MEXC. Notably, Pi is yet to gain traction on Kraken, which listed it in March this year.<\/p>\n

READ MORE: Pi Network price overbought ahead of Kraken listing: will traders sell the news?<\/a><\/p>\n

Even the biggest Pi Network whale<\/a> is no longer buying the coin. <\/p>\n

Data shows that he has not made any purchase in the last 11 days. He now holds 401 million tokens, currently worth over $69 million.<\/p>\n

The waning demand is happening at a time when the supply for Pi is growing. <\/p>\n

Data shows that the network will unlock over 200 million tokens this month and 1.6 billion in the next 12 months.<\/p>\n

The ongoing Pi consolidation also mirrors that of other coins. <\/p>\n

For example, Bitcoin has remained between $65,000 and $70,000 in the past few weeks, while Ethereum is consolidating at the key support at $2,000. <\/p>\n

There are signs that investors are staying away from the crypto market as the Iran war continues.<\/p>\n

Pi Core Team is working on major initiatives<\/h2>\n

Still, on the positive side, the developers are working on major developments on the network. <\/p>\n

The most notable one is the ongoing network upgrade, which will push it to Version 23 of the Stellar Consensus.\u00a0<\/p>\n

This upgrade has introduced smart contracts to the network, making it possible for developers to build applications in areas like decentralized finance (DeFi) and real-world asset tokenization (RWA). <\/p>\n

In a statement on Wednesday, the developers announced that Pi has an RPC server, a major step towards implementing smart contracts.<\/p>\n

A Remote Procedure Call (RPC) listens for and processes requests from clients to execute specific procedures on a remote system.<\/p>\n

These smart contracts are important as Pi Network recently launched the token launchpad, which is part of the upcoming DEX and automated market maker (AMM) features.<\/p>\n

\n
https:\/\/twitter.com\/PiCoreTeam\/status\/2035117013954138333 <\/div>\n<\/figure>\n

Pi Network is also implementing its second migration, which is enabling verified pioneers to move their tokens to the mainnet and further participate in the ecosystem.<\/p>\n

Additionally, the team recently revealed that it will soon launch a KYC-as-a-Service feature, a move that will see it compete more with existing solutions like Humanity Protocol and Worldcoin.<\/p>\n

Pi Coin price technical analysis <\/h2>\n
<\/figure>\n

Pi Network price chart | Source: TradingView <\/em><\/p>\n

The eight-hour chart shows that the Pi Coin price has dropped sharply in the past few weeks, moving from a high of $0.2978 on March 31 to the current $0.1740. <\/p>\n

It has slipped below the 50-period and 100-period moving averages.<\/p>\n

A closer look shows that the token has formed a head-and-shoulders pattern and is now hovering slightly along the neckline. <\/p>\n

Also, the Relative Strength Index (RSI) has continued falling, while the token is below the 61.8% Fibonacci Retracement level.<\/p>\n

Therefore, the token will likely have a strong bearish breakdown in the near term, potentially to the key support level at $0.1500, down by about 15% below the current level.<\/p>\n

The post Pi Network price forms an alarming pattern as demand wanes<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Pi Network price has moved sideways in the past two weeks as its demand and liquidity waned. The token was trading at $0.1750, down by about 40% below the year-to-date high. It has slipped by over 90% from the all-time high, erasing billions of dollars in value. It has formed the risky head-and-shoulders pattern, pointing <\/p>\n","protected":false},"author":1,"featured_media":48479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-48478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48478"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48479"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}