Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks

Pi Network price continues to crash this month and is now trading at a record low. The crash happened despite Bitcoin price hitting a record high and optimism about the Uptober rally remaining. Still, one pundit believes that multiple strategies may help to prevent a Pi Coin death spiral.

Pundit Identifies Strategies to Boost the  Pi Network Price

Pi Network price has been in a freefall since its mainnet launch and exchange listings in February this year. This crash happened despite the team making some major announcements, including the launch of the $100 million Pi Network ecosystem fund in May and the upcoming upgrade to Protocol 23 of the Stellar Network.

Still, one crypto pundit with over 136,000 followers has identified some potential strategies to remedy the ongoing Pi Coin price crash. His first remedy is for the team to launch the mainnet launch fully.

He then recommends facilitating more exchange listings as no major crypto exchange has listed it since its mainnet launch. The only exchanges offering the coin are the likes of OKX, Bybit, and MEXC. Exchange listings would help to boost liquidity and make it available to more users. 

One limitation for this is that exchanges are likely concerned about the ongoing centralization, with the obscure Pi Network Foundation controlling billions of tokens.

Additionally, the pundit recommends more innovation to create a real-world utility, which was the initial goal of the Pi Network in the first place. Today, there are no popular applications on its network, and no companies are accepting the Pi Coin as most users were expecting.

Other potential strategies to boost the Pi Network price, according to this analyst are resolving the KYC and migration delays, introducing token burns, launching new partnerships and collaborations, and regular communications.

On scarcity, analysts believe that Pi Network team should introduce a major token burn, which will reduce the number of tokens in circulation. It would also counter the ongoing token unlocks,  where millions of coins are introduced to the market every month.

Pi Coin Price Technicals Suggest More Downside Ahead 

The daily timeframe chart reveals that the Pi Coin value has been in a strong downward spiral since February, when it peaked at nearly $3. All attempts to rebound, especially in May when it jumped by triple digits, faded as the coin crashed.

Most recently, the coin invalidated the forming double-bottom and falling wedge chart patterns, which often leads to more upside over time.

Pi remains below the 50-day Exponential Moving Average (EMA), while the Relative Strength Index has moved to the oversold level.

Therefore, barring a major event, the most likely Pi Coin price forecast 2025 is that it plunges below $0.10, barring major developments.

The risk for shorting Pi is that sentiment has become so negative, such that a minor news event may lead to a short squeeze as OKB and Zcash did recently.