Pi Network's Altcoin Struggles to Recover From Sharp Decline

The Pi Network's altcoin has been struggling to regain its footing after a sharp decline in value. Despite a brief rebound, technical indicators suggest that the selling pressure remains strong and the downward momentum is accelerating.

According to data from Binance, the Pi coin is currently trading at around $0.20 USD, which is still far below its peak of $0.27 USD reached on March 13. The price has dropped by 35.74% since then, and it's unclear if it will be able to recover.

The momentum indicators are not optimistic about the Pi coin's prospects. The Squeeze Momentum Indicator shows a value of -0.0241, which is the lowest negative value in its history since September 2025. This suggests that the downward pressure on the price is increasing, rather than decreasing.

The Money Flow Index (MFI) chart also indicates a loss of buying power, with the current MFI at 42.34, positioned between the oversold and overbought levels. If it drops further to the oversold level of 20, it could attract new buyers and signal a genuine oversell condition.