PI Token Faces Selling Pressure After 300% Rally in May

The PI token had quite the ride, rallying 300% between April and May 2025. But, as with most altcoin excitement, reality has kicked in, and PI has dropped to $0.4052. That $0.4000 mark is a critical support level, and if it doesn’t hold, we might see a quick sweep of liquidity before any attempt at recovery.

Looking at the PI/USD hourly chart, things aren’t looking great.

The RSI is sitting at 34 and could dip even lower, getting dangerously close to the “oversold” zone at 30. Meanwhile, the MACD is sending out red flags with shorter green bars, suggesting that any positive momentum is fading faster than a morning hangover. If you're on the sidelines, it might be time to keep an eye on those indicators for signs of a trend reversal or brace for more turbulence.

The support levels to watch? First support level is at $0.2500 and the second one is at $0.1000. The latter is where PI first debuted on the OKX exchange, so it holds some sentimental value (but also potential panic for traders if it dips that low).

Can PI Token Recover or Is the Party Over?

If PI does manage a comeback, we could see it retest resistance at $1.0350; this is the 50% Fibonacci retracement from the May 2025 high to the June low. But honestly, it's anyone's guess at this point.

So, what's driving PI in 2025? Well, it was all looking pretty rosy when PI debuted on major exchanges like OKX, Bitget, and Gate.io. Those listings made the market buzz with excitement, but it looks like early adopters decided to take profits, sending PI into a sharp correction. And while many altcoins followed Bitcoin’s price moves, PI’s gains were more tied to its utility, which is far better than most altcoins in the top 100. At least PI had something to back up the hype, millions of users, over 70 apps on its blockchain, and solid real-world use.

Even though PI hit a high market cap of $13.5 billion, it’s now sitting at a more modest $3 billion. Some might argue it was overvalued at its peak, but the selling pressure has pushed it into oversold territory, at least for now.

Binance Listing Speculation and What’s Next for PI Token

So, what's next? Well, PI Network dropped a major hint via its official X account, suggesting users add an extra layer of security to their wallets.

Sounds like something’s brewing, doesn’t it? The rumor mill is spinning, and a Binance listing is the most common guess. But here's the kicker, while a Binance listing could definitely act as a price catalyst, it could also trigger another round of profit-taking. You know, the kind of move where early users cash out and leave the rest holding the bag.

With over 14 million verified KYC users, millions of active users across 155 countries, and 70 apps, PI’s utility is clear. But the question is—has that utility been enough to sustain PI's price growth? Since PI’s mainnet launch and exchange listings, the token has corrected, wiping out nearly $10 billion in market cap. It remains listed on major exchanges, though, and additional listings could give it another shot at liquidity and volatility.

At this point, PI ranks in the top 50 cryptocurrencies by market cap. But whether it bounces back or continues to struggle will depend on whether it can break out of its current price slump. Keep watching; it’s still anyone’s game.

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