Pi Coin faces a critical moment as bearish technical signals clash with bullish listing rumors. With price patterns pointing to a sharp drop and social media filled with both hype and warnings, the market remains divided.
Pi Network (PI/USDT) Forms Descending Triangle — 25% Drop in Sight?
As of April 29, 2025, the Pi Network (PI/USDT) daily chart on OKX shows the formation of a descending triangle pattern.
A descending triangle is a bearish continuation chart pattern formed by a series of lower highs and a horizontal support level, signaling increasing selling pressure over time.
In this chart, Pi Network’s price is consolidating inside the descending triangle, with lower highs marked by a sloping resistance line and a flat support near $0.60. The Relative Strength Index (RSI) is at 40.17, below the neutral 50 mark, indicating weakening momentum. The 50-day Exponential Moving Average (EMA), currently near $0.9255, remains far above the price, reinforcing the dominant downtrend.
If the descending triangle pattern breaks to the downside, the price could fall by the height of the triangle’s widest part, suggesting a possible 25% decline. This would target a drop toward approximately $0.45. Volume has also steadily decreased, typical before a breakout, but a spike in volume would likely confirm the breakout direction.
Pi Network Faces Mixed Reactions as Some X Users Warn of Major Losses
Despite its recent price decline, some X users continue to post optimistic forecasts about Pi Network (PI). One of the more vocal figures, MOON JEFF, predicted that PI could eventually reach $1.
However, his past statements tell a different story. At the beginning of April, he described Pi Network as “a slow rug,” implying that hopes of a $1 target are unrealistic and “just a dream.”
In contrast, another user, Kuzo, voiced even stronger concerns. After spending the past month researching the project, Kuzo warned that Pi Network “doesn’t look good.” They claimed their findings suggest the situation could result in widespread financial damage.
“People will lose millions or even billions of dollars,” Kuzo said. “It’s worse than you could’ve imagined. If you’re still holding, think twice. I’ll drop my investigation soon, make sure you’re following.”
While some still believe in PI’s long-term potential, others now fear the project could collapse, leaving investors exposed to heavy losses.
Exchange Listing Rumors Drive Optimism Around Pi Coin
Meanwhile, rumors of a potential Pi Network (PI) listing on HTX exchange have added momentum to the growing market interest. The speculation intensified after HTX shared several posts on X displaying the Pi Network logo in different visual contexts. These posts have led many community members to believe that a listing could happen soon.
Notably, HTX stands among the top-tier crypto exchanges, with daily trading volumes averaging $1.7 billion. A listing on this platform could trigger a wave of retail participation and boost PI’s overall liquidity.
At the moment, Pi Coin is already available on exchanges like OKX and Bitget. Historically, new listings tend to spark bullish moves in token prices, especially for younger coins. If HTX confirms the listing, Pi Network could see a fresh surge in demand.