The Pi Network token, PI, has struggled to generate momentum despite a series of developments that should have supported its price. PI coin price trades around ₹30–₹32, down nearly 4% over the past month and still 90% below its February peak near ₹260.
At the same time, Pi Network has secured a SEK-denominated exchange-traded product through Valour, introduced a Linux node, and prepared a protocol upgrade to version 23. The subdued reaction indicates that traders may be losing confidence in the project.
Traders Doubt ATH Claims as PI Price Faces Resistance
Speculation over Pi Coin’s potential to reach a new all-time high surfaced again when an X-based trader, Whale.Guru, shared a post asking users if PI could stage a recovery to a new ATH in 2025. The trader shared a chart showing the token pinned near ₹30, with a hopium-fueled arrow pointing to a potential new ATH.
Responses from traders highlighted the deep skepticism surrounding the project. Some called it a scam. Others dismissed the idea, saying the structure did not support such a move. A few allowed for the possibility, but only with a significant shift in market dynamics. They pointed to Bitcoin’s rising dominance as a key obstacle. The tone of the replies made clear that faith in Pi had eroded since its February peak.
The Pi Network coin’s price chart reflected similar sentiment. PI coin price traded around ₹30 and extended losses after repeated failures to push higher. The token faced immediate resistance near ₹35, where selling pressure capped the latest recovery attempt. Flipping the immediate resistance would target the resistance near ₹40.5, a level aligned with a major retracement zone.
Furthermore, the PI coin price failed to move above a multi-month descending trendline resistance, which has capped the token’s feeble upside movements repeatedly. Moving averages also pointed to persistent weakness, with sellers controlling momentum.
The relative strength index held near 43, signaling soft demand and little conviction from buyers. Volume remained muted, showing no appetite for accumulation at these levels. With resistance layers unbroken and sentiment subdued, PI stayed vulnerable to further declines if support weakened. The technical backdrop underscored the growing gap between community hype and market positioning.
Bullish Cues Failed to Lift Pi Network Token’s Sentiment
The bearish tone in price action contrasted with a series of developments that should have supported Pi Coin. In late Aug. 2025, Pi Network secured a SEK-denominated exchange-traded product through Valour.
The listing gave PI exposure on Sweden’s Spotlight Stock Market, adding a regulated channel for traditional investors to gain access. The move placed Pi alongside more established digital assets already traded in similar products. Market participants, however, did not respond with fresh demand, and the token continued to lose value.
Moreover, the project released an official Linux node client. The addition expanded node compatibility beyond Mac and Windows, which had been available earlier. The update aimed to improve inclusivity and decentralization by allowing developers and community members using Linux systems to participate with fewer barriers. The release also followed months of requests from users who had run Pi nodes through unsupported methods.
Additionally, the team announced preparations for a protocol upgrade to version 23. The plan marked a significant shift from earlier iterations. It introduced decentralized KYC enforcement at the protocol level and integrated biometric authentication through Passkey. The roadmap included staged rollouts, beginning with testnets before extending to the mainnet.
The developers warned that outages could occur during early testing, but they expected the changes to enhance security and compliance once deployed.