The crypto world has witnessed a significant shake-up lately as Pi Network (PI) continues to face intense bearish pressure. On Friday, Pi Network dropped another 9%, extending its recent decline and leaving investors and traders in a state of concern.
The sentiment around Pi Network has turned even more negative after renowned crypto analyst Justin Bons called the project a potential “scam,” adding fuel to an already burning fire. This statement has led to increased FUD (Fear, Uncertainty, and Doubt) in the market, resulting in a rapid drop in PI’s market value.
But is this just a temporary pullback or the beginning of a deeper downtrend?
In this detailed analysis, we will explore:
- Why Pi Network is crashing
- What BBTrend and RSI indicators are signaling
- Is PI heading below $0.90?
- Support & resistance levels to watch
- Market sentiment after the “scam” controversy
- Future predictions for Pi Network price
- Should investors hold or exit?
Let’s dive into every aspect of this market development with technical insights, expert opinions, and data-driven analysis.
What Triggered the 9% Drop in Pi Network Price?
The recent 9% fall in PI price isn’t just a fluke; it’s a continuation of a downtrend that began earlier this month. What’s making the situation worse is the controversial statement by crypto expert Justin Bons, who accused the Pi Network project of having scam-like characteristics.
Justin Bons’ Comment: Why It Matters?
Justin Bons, founder of Cyber Capital and a widely-followed crypto analyst, claimed that:
“Pi Network lacks transparency and real use-case utility, and its ecosystem seems built around user engagement rather than blockchain development.”
Such statements from an influential personality can have a domino effect on investor confidence, and that’s exactly what’s happening.
Market Reaction Post-Comment
- Increased sell orders across exchanges
- Spike in negative sentiment on Twitter/X and Reddit
- Drop in RSI levels (oversold zone)
The timing of Bons’ remarks couldn’t have been worse, coinciding with already weakening technical indicators.
BBTrend Indicator Hits All-Time Low for Pi Network
One of the biggest red flags in the current scenario is the BBTrend (Bollinger Band Trend) reading for Pi Network.
BBTrend: What Is It and Why It’s Important?
BBTrend is a technical momentum indicator that analyzes trend strength based on the price’s relation to Bollinger Bands.
| BBTrend Value | Market Sentiment |
|---|---|
| Positive | Bullish momentum |
| Negative | Bearish momentum |
| Extreme Neg. | Strong downtrend |
Currently, Pi Network BBTrend is at -40.69 – the lowest ever recorded value in its trading history.
Interpretation of the Data
- A reading of -40.69 indicates extremely strong bearish momentum.
- The indicator has stayed negative for over 5 consecutive days, which suggests that sellers are firmly in control.
- Such low BBTrend values usually signal a high-risk environment for buyers, and many traders prefer to stay away or short the asset.
What Happens Next?
If the BBTrend continues to stay in deep negative territory, a further drop toward $0.81 or even $0.62 is likely unless a major reversal takes place.
RSI Indicator Shows a Minor Rebound – But Is It Enough?
As the BBTrend points to worsening momentum, Pi Network’s RSI (Relative Strength Index) provides a slightly more hopeful signal.
What is RSI and Why It’s Crucial?
RSI is a momentum oscillator that identifies whether an asset is overbought or oversold on a scale of 0 to 100.
| RSI Value | Market Signal |
|---|---|
| Above 70 | Overbought – sell zone |
| 50–70 | Neutral to bullish |
| 30–50 | Bearish zone |
| Below 30 | Oversold – potential bounce |
Current Status of Pi Network RSI
- Recently touched RSI 17.5 (heavily oversold)
- Now recovered to RSI 36.15 – showing mild buying pressure
Key Takeaways
- RSI recovery above 30 shows that some buying interest has returned.
- However, staying below 40 still indicates weak overall momentum.
- If RSI doesn’t cross 50 in the coming sessions, bearish dominance may continue.
Can PI Hold Above $0.90 – Or Is A Bigger Crash Coming?
Currently, Pi Network price is hovering around $0.94, a critical level that could decide its near-term fate.
Key Support and Resistance Levels
| Price Level | Type | Importance |
|---|---|---|
| $1.00 | Psychological Resistance | Break below indicates weakness |
| $0.90 | Critical Support | Holding above may stabilize trend |
| $0.81 | Next Support Zone | Break here = sharp fall risk |
| $0.62 | Bearish Target | Extreme correction possibility |
| $1.23 | Immediate Resistance | Rebound confirmation needed |
| $1.79 | Long-term Bullish Target | Only possible after breakout |
Also Read:- Justin Bons Calls Pi Network a Scam| Market Crash Explained
Price Action Analysis
- Falling below $1.00 is a psychological breakdown.
- Current bounce attempts are facing resistance near $0.98–$1.00 zone.
- If $0.90 breaks, panic selling may drag it toward $0.81 quickly.
Investor Sentiment Post ‘Scam’ Allegations
The market mood has changed significantly in the last few days. A quick scan of forums, Twitter, and Telegram groups shows:
General Community Reactions
- Rising confusion among retail investors
- Users questioning KYC, Mainnet, and Exchange Listing delays
- Some early adopters planning to exit their positions
- Growing demand for transparency from Pi Core Team
Impact on Ecosystem Growth
- Developer onboarding slowing down
- DApp participation declining
- Trust erosion among international communities
This is a critical moment for Pi Network’s brand credibility, and how the team responds will determine the long-term sustainability of the project.
Is This the End for Pi Network – Or a Rebirth?
Despite all the criticism and price collapse, it’s important to remember that crypto markets are highly cyclical. Many projects face temporary declines, only to recover stronger later.
Possibility of Reversal
- If Core Team addresses transparency concerns, investor trust can return.
- A surprise exchange listing (like Binance or KuCoin) could spark recovery.
- Integration of real-world use-cases may improve demand.
Caution Ahead
- Without major catalysts, current downtrend may continue.
- Long-term investors must focus on project fundamentals, not just price.
What Should Pi Holders Do Now? Expert Tips
Here are a few strategic suggestions for existing PI holders and potential buyers:
| Strategy | Recommendation |
|---|---|
| Short-Term Traders | Avoid entry until RSI crosses 50 and BBTrend turns positive |
| Long-Term Holders | Hold only if you believe in project fundamentals |
| New Investors | Wait for clear reversal signals before investing |
| Risk Management | Use stop-loss at $0.81 to avoid heavy drawdowns |
Final Thoughts: Can Pi Network Bounce Back in 2025?
While Pi Network’s current situation is critical, all hope is not lost. A project’s value is not judged only by its price chart, but by its utility, transparency, and community strength.
If Pi Core Team responds positively, ensures KYC success, and announces a mainnet or exchange listing, PI could easily rebound above $1.23 and target $1.79 or higher.
But until then, traders must navigate this bearish phase carefully and smartly.
FAQs About Pi Network Price Crash
Q1. Why did Pi Network drop 9% in a single day?
Due to rising negative sentiment, weak technical indicators, and a “scam” allegation by Justin Bons.
Q2. What is BBTrend, and why is it important?
BBTrend measures trend strength relative to Bollinger Bands. A -40.69 reading signals strong bearish trend.
Q3. Is Pi Network oversold now?
Yes, RSI recently touched 17.5, indicating oversold conditions.
Q4. Can Pi price fall below $0.90?
Yes, if support levels break, the price may test $0.81 or even $0.62.
Q5. Is Pi Network really a scam?
There’s no official proof. But criticism has raised valid concerns that Pi Core Team must address.