adminIn recent developments, pi Coin remains under pressure after losing over 90% from its peak. Migration delays and locked balances continue to hurt user confidence. Traders are watching the resistance at $0.18 and the support at $0.15 support closely. Pi Coin is marking a difficult anniversary as selling pressure continues to weigh on the price. The past year has been one of big promises, uneven delivery, and fading market confidence. As the open mainnet clocks its first birthday, many holders are still waiting for clarity. The token’s price action reflects that uncertainty. A one-year milestone filled with mixed signals The first year of the open Pi Network mainnet was supposed to be a turning point for the ecosystem. Instead, it has highlighted how far the project still has to go. Pi Network has expanded its infrastructure and rolled out several technical upgrades. These updates were meant to improve stability and prepare the network for broader use. At the same time, millions of users have successfully migrated to the open mainnet. That progress shows the scale and ambition behind the project. Yet a large group of early participants remains stuck. Many users report locked balances, incomplete migrations, or stolen coins. KYC delays and new verification requirements have slowed access for others. This gap between development milestones and user experience has hurt sentiment. Confidence is hard to rebuild when access to funds feels uncertain. That frustration has quietly spilt into the market. Pi Coin price performance tells a harsh story Pi Coin’s market performance over the past year has been unforgiving. After peaking near $3 shortly after trading began, the token has lost most of its value. Recent data shows the price hovering near $0.17. Source: Coingecko That represents a decline of more than 90% from its all-time high of $2.99. Short-term rallies have appeared, but they have not lasted. Each bounce has been met with renewed selling pressure. Profit-taking has become a recurring theme. Large token transfers to centralised exchanges suggest that holders are eager to exit on strength. Trading volume, however, remains modest compared to the size of the circulating supply. This imbalance keeps upward momentum fragile, and the market is clearly struggling to find a strong base. Pi Network adoption hopes clash with market reality On paper, the ecosystem continues to grow with new tools, developer initiatives, and venture funding underway. The idea is to build real use cases beyond speculation. However, the market is focused on what exists today, not what may come later. Liquidity remains thin relative to supply, and major exchange listings are still limited, restricting price discovery and keeping many institutional players on the sidelines. While community optimism remains, it is more cautious than before. Many long-term supporters now want results instead of roadmaps. Until access issues are resolved at scale, confidence may remain fragile. This tension between vision and execution defines the current phase. Pi Coin price forecast From a trading perspective, Pi Coin is sitting at a critical crossroads. The area around $0.18 has acted as a stubborn resistance zone. Repeated failures to break above it suggest weak buying conviction. A daily close above this level would be the first sign of renewed strength. Above $0.18, traders will be watching the $0.20 region closely. That zone previously marked a short-term peak and heavy selling. On the downside, $0.17 is now an important psychological level. A sustained move below it could expose support near $0.15. If selling accelerates, a deeper pullback toward $0.13 cannot be ruled out. Momentum indicators remain mixed, leaning slightly bearish. This suggests consolidation or further downside before any meaningful recovery. The post Pi Coin under bear pressure as Pi Network turns one appeared first on CoinJournal.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
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