As the broader crypto market steadies, Pi Network (PI) finds itself at a crucial crossroads—torn between ambitious community-driven valuations and the stark reality of market weakness.

Once hailed as a people-powered revolution in crypto mining, Pi Coin now faces mounting pressure to prove its worth beyond speculation.

Despite recent controversies and a sharp price decline, optimism lingers among its vast global community of “Pioneers.” The question now is whether Pi Network can regain investor confidence, stabilize above key support, and move closer to fulfilling its long-awaited mainnet launch vision.

Pi Coin Holds Above Key Support Amid Market Volatility

Pi Coin continues to hover just above the crucial $0.200 support, reflecting resilience despite growing bearish momentum. At the time of writing, Pi Network (PI) trades around $0.203, consolidating within a narrow range for the past two weeks. This steady price action suggests that buyers are still defending the psychological support zone while awaiting a potential rebound.

Pi Coin holds above $0.200 support, eyeing $0.229, while a drop below $0.200 risks $0.180. Source: BeInCrypto on TradingView

If the $0.200 level holds, Pi Coin may stabilize and prepare for an upward push toward $0.229, its immediate resistance level. A successful breakout above this point could signal renewed bullish sentiment and open the door for short-term recovery. Conversely, a decisive drop below $0.200 may send the token tumbling to $0.180, dangerously close to its all-time low of $0.153, which could trigger further panic among holders.

Pi Network Faces Selling Pressure After Alleged 1.2M Token Dump

Recent allegations have intensified pressure on the Pi Network. According to community analyst Mr. Spock, the project’s core team may have sold over 1.2 million PI tokens, contributing to the recent price decline. “I’ve said many times that it’s our Core Team selling Pi because they don’t have any other source of income,” Spock claimed on social media platform X, sparking debate across the community.

The Core Team is selling Pi due to a lack of revenue sources, with token sales as their only means of liquidity. Source: Mr Spock ? via X

Several users echoed concerns that such large-scale sales could only originate from insider wallets, noting that no ordinary Pioneer could move Pi from $3 to $0.20, as only the team possesses that level of trading volume.

However, others argue that the sales may be linked to development expenses, including ongoing testnet operations and the Protocol 23 upgrade, which aims to expand on-chain functionality and scalability ahead of the anticipated Pi Network mainnet launch.

Adoption Boost and Exchange Outflows Offer Hope

Despite the controversy, some indicators point toward rising on-chain activity. Data from PiScan shows more than 1.32 million PI tokens flowing out of centralized exchange (CEX) wallets in 24 hours, suggesting increasing user demand and exchange withdrawals. Additionally, two large payment transactions of 999,999 PI each were recorded on the network, highlighting growing adoption within the ecosystem.

Technical charts reveal that Pi Network is nearing the apex of a descending triangle pattern, with support around $0.1919 and resistance at $0.2086. A breakout above the pivot level could trigger a short-term rally toward $0.2249, according to analysts at FXStreet. The Relative Strength Index (RSI) has also risen toward 45, showing a mild recovery in buying pressure.

GCV Dreams vs. Market Reality

Adding to the debate, Pi Network’s community continues to promote its Global Consensus Value (GCV) of $314,159 per Pi, a symbolic nod to the mathematical constant π. While supporters celebrate the GCV as a vision of intrinsic worth, it stands in sharp contrast to the current market price of around $0.20.

Pi is valued at 314,159 GCV, a figure the community expects the world to recognize. Source: Pi Update via X

The GCV concept reflects the Pi community’s belief in long-term value through consensus and utility rather than speculation. Yet, with the Pi Network mainnet still enclosed and not officially listed on major exchanges such as CoinMarketCap or Coinbase, the gap between perceived and actual value remains wide.

Community Calls for Transparency and Progress

The recent turmoil has reignited calls for greater transparency from the Pi Core Team. Many users are urging the developers to publish on-chain wallet audits, share clear mainnet launch timelines, and increase communication about development milestones. Critics argue that despite millions of users and years of anticipation, Pi Network has yet to deliver on its open mainnet promises.

Still, optimism remains among dedicated Pioneers who believe upcoming developments—such as DeFi integrations, token creation tools, and the rumored SPi stablecoin—could eventually transform the project into a functioning crypto ecosystem.

Technical Outlook and Price Prediction

From a technical perspective, Pi Coin’s immediate challenge lies in maintaining its $0.200 floor. A pop above $0.2086 would cement early bullish intentions and lay the groundwork for $0.229. Breaking above that resistance would trigger a more aggressive advance towards $0.256 in the near term.

But if the coin fails at support below $0.1919, the trend could be broken down to $0.1732 or lower. Traders must keep a close eye on these key levels as sentiment remains in equilibrium between hopeful recovery and ongoing uncertainty.

Looking Ahead: A Crucial Moment for Pi Network’s Future

Pi Network stands at a defining juncture. With insider token sale accusations, controversy over its Global Consensus Value, and speculation on the highly anticipated Pi Network mainnet release time, the project is under pressure but also with upside.

Pi Network was trading at around $0.20, down 0.17% in the last 24 hours at press time. Source: Brave New Coin

Whether Pi Coin will be able to regain the $0.229 resistance and regain investor confidence will largely depend on the response of the team to issues of transparency, strengthening real-world utility, and balancing community-driven expectations against market realities.