Can Pi Network’s Coin Recover After Falling to New Monthly Lows?

Pi Network’s token (PI) price plunged to a new monthly low of $0.6089 on April 3, continuing its steep downtrend from the March peak. However, a modest rebound is possible in April.

Pi Price Dips to Oversold Levels Amid Mounting Pressure

According to the hourly chart, the Relative Strength Index (RSI) has dropped below 20, signaling oversold conditions. Historically, such dips into the oversold region have triggered short-term rebounds in the Pi market.

If a bounce occurs, the price may retest the confluence of resistance formed by the 50-hour exponential moving average (EMA) and the horizontal zone between $0.6817 and $0.6915—previous support that has now turned into resistance. However, traders should remain cautious.

A rebound from oversold conditions doesn’t necessarily translate into a trend reversal or sustained breakout, especially amid lingering macro and internal challenges.

Macro and Internal Risks Could Cap Pi’s Rebound Potential

Even if Pi’s token attempts a recovery, broader headwinds could limit its upside. Global risk sentiment remains fragile amid the ongoing U.S. trade war, which has impacted both traditional and crypto markets.

Investors are showing reduced risk appetite, favoring safe-haven assets over volatile altcoins like Pi.

Internally, Pi Network faces its own share of setbacks. A PI user recently described the current situation as Pi’s “most difficult” since the project began in 2019. The token is down more than 80% from its local high, and concerns are mounting over the Core Team’s readiness to manage an open mainnet.

“The Core Team seems to not be ready for the amount of work, responsibility and tasks which an ‘Open Mainnet’ brings with it,” the user wrote.

Critics cite multiple issues: delayed or ineffective feature rollouts, lack of decentralization, functional mainnet nodes, and limited access for third-party developers.

Community members call for more transparency, faster KYB (Know Your Business) platform integration, and greater freedom for independent developers to build on the Pi ecosystem.

Any short-term price bounce could be short-lived unless these structural issues are addressed. Pi Network’s long-term recovery depends on technical bounces and tangible improvements to its infrastructure, governance, and community trust — and a Binance listing.