The PI Network Coin (PI) fell by 50% last week and rose from USD 1.60 to around $ 0.73 on May twelfth. The decline ended an early rally, within the PI value on a big announcement at Consensus 2025 and the beginning of a PI -Network Network Network Network Network Network Network Network Ventures Fundures Fundure Fundures in the quantity of 100 million US dollar.
PI -Münzkärf under the important thing resistance since the sales pressure breaks back
Instead of presenting a Mainnet update or information in regards to the token utility, the co-founder of the project, Nicolas Kokkalis, stepped onto the stage to speak about AI, decentralization and digital trust that didn’t contain any mainnet or PI token updates.
His inaccurate language produced a sale almost directly. Kokkalis advised the audience to be “careful” while doubling the long-term vision of the PI Network, but no clearing up or compensating for concerns about token circulation.
This injunctive relief in social media within the areas of social media enthusiastically enthusiastically, during which PI supporters demanded accountability and answers.
Observers on chains marked suspicious movements at in regards to the same time. A wallet connected to the project exceeded over 12 million PI to exchange through the top price measure. Although the team framed it as a migration -related transaction, skeptics claim through the rally. The tokenomics also remain cloudy, without public exercise plans and a big a part of the offer, which remains to be blocked under central control.
PI coin fights back under the important thing resistance as a sales pressure
After his failed breakout, Pi Coin continues to bleed the worth that’s now being traded near $ 0.73. The price has dropped under the 20-day EMA and reflects a collapse of short-term dynamics. The trading volume has also dried out and signals a falling interest from each bulls and bears.
The immediate resistance is near $ 0.85 and marks the extent of 0.618 Fibonacci. This level previously acted as a linchpin through the rally and now ends all attempts to revive. The turning of the immediate resistance would aim to withstand near 0.97 US dollars, which matches the 0.786 FIB zone.
Piusd Daily Price Chart with RSI. Source: Tradingview
This level strongly rejected the value through the Spike on May 16 and confirmed its importance. In addition, the ultimate marked resistance is $ 1.13, the 1.0 -fib retracement. It represents the failed outbreak level, which triggered the reversal and now acts as a fundamental limit.
On the opposite hand, the PI network coin hangs just above the marked support near 0.68 US dollars. A day by day closure under this area would open the door for the following marked support near 0.57 US dollars, where the 0.236 retracement corresponds to historical consolidation levels.
RSI hovers around 47 and offers Bulls no advantage. The lack of impulse and repeated failures in necessary resistance zones indicate a distribution. The latest rejection of USD 1.13 confirmed the exhaustion of speculative demand. Without a catalyst or structural support, PI continues to slide into lower demand zones.
The trend has turned Bärish again, and every upward trend now requires a clean recovery of 0.85 US dollars with volume. Until then, Pi stays vulnerable to deeper corrections
The carpet dazing allegations break out based on consensus 2025
The allegations of a calculated carpet devoured the PI network after its appearance at Consensus 2025. Krypto evaluation X accounts Dr. PICOIN and ATLAS accused the Pi -Kernteam from Engineering a Price Spike before the event, only to ask thousands and thousands of tokens through the top -eeumalie.
Dr. Picoin triggered the controversy on May seventeenth and marked a “coordinated dump”, which was certain with the hype for an alleged PI ecosystem rollout and the beginning of 100 Dapps. None of them materialized. Instead, the core team announced a PI Network Ventures fund of $ 100 million, to which critics say with a purpose to mask the dearth of real progress.
Allegations of the Pi Network Team carpet who pull users step on social media.
During the rally, the PI network token rose from USD $ 1.60. Blockchain data show a 12 million PI transfer from a wallet that is alleged to be connected to the team. Dr. Picoin claimed that the team took advantage of the dump before the crash.
Atlas doubled on May 20 and called it “the most important carpet train from 2025” and estimated the move in insiders of 8 billion US dollars. He dismissed explanations that the transfer was a part of the Mainnet migration and identified the dearth of documentation or traces of examination by the core team. According to Atlas, the team holds over 89% of the offer and uses its control to orchestrate slow liquidation, which is disguised as an ecosystem development.
Pi network followers, including X Account Pinewszone, claim the address in query – GABT7EMM – for the inner distribution and never for sales. They accused critics that they’ve mis -read Piscan data and triggered panic. But the silence of the core team only deepened the counter response. The failure of the project to publish an official clarification has strengthened the doubts in regards to the investor within the leadership and his token integrity.
