Pi Coin is trading at $0.22, a 90% drop from its $3 yearly high in February, due to low liquidity and token unlocks, though a technical pattern signals a potential bullish reversal.
Pi Coin is currently trading at approximately $0.22, representing a sharp 90% decline from its yearly high. The digital asset has had difficulty maintaining the great momentum it had earlier in the year.
As of November 8, 2025, Pi Coin (PI) is going off significantly from its yearly peak of nearly $3. Specifically, that all-time high was reached in February of 2025, right after the launch of the Pi Network’s Open Mainnet. However, the initial market excitement and hype was quickly not able to be sustained over the long term.
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Following the initial surge, the price quickly fell as there was a lack of liquidity in the market. Furthermore, the fact that many cryptocurrencies did not get listed on major and highly reputable cryptocurrency exchanges had a severe impact on the trading volume. By April of 2025, again, the price had dropped dramatically, with a temporary bottom point around $0.40.
There was a brief short-lived recovery in May 2025, with the price reaching as high as the $1.40 to $1.50 range. Subsequently, this short rally was just before one of the key presentations by a Pi co-founder at the Consensus conference. Nevertheless, the token could not hold that high level of trading strongly.
By October of 2025, the price had been steadily declining into a low range of consolidation of $0.20 to $0.30. Therefore, the present trading price of around $0.22 is a reflection of a long period of bearish sentiment and price pressure. One of the major contributing factors is the unlocking of previously mined tokens.
Unlocked tokens are quickly entering the circulating supply and are bound to drive up overall selling pressure in the market. In addition, although some trading activity on some smaller platforms such as OKX and Bitget, the overall trading volume is thin. This thin volume outlines a key challenge of liquidity.
Despite the blue color outflow in the past few months, technical charts show a potential change in momentum. The daily timeframe chart indicates that the price has recently made a ‘falling wedge’ pattern. This pattern is a popular bullish reversal sign.
The token has now moved well above the top of this wedge. Consequently, this movement effectively confirms a ‘break and retest’ technical pattern, which suggests a potential near-term price floor. Adding to the bullish technical signals, the Relative Strength Index and the Percentage Price Oscillator have moved upwards.
This collective action has created a bullish divergence, which suggests that the selling pressure may be reducing. The Pi team is still continuing to work on expanding its developer tools and the ecosystem of the platform. However, the real-world use and meaningful adoption of the token is still in its early stages. Most market analyst predictions are cautious.
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