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Pi Network Price Slips Today — Is a Correction Coming Before the Next Rebound?

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Pi Network Price Slips Today — Is a Correction Coming Before the Next Rebound?

Jakarta, Pintu News – Pi Network is entering an important phase after breaking through its long-term resistance level for the first time since its launch.

However, despite the breakout, the price is still struggling to rally significantly. Traders are now wondering if Pi Coin has reached its bottom, or if there is still potential for further declines.

With the price of PI still down around 95% from its launch price and currently hovering near key technical levels, the next move could be decisive for the direction of Pi Coin throughout 2025. Here’s what the price chart analysis looks like.

Pi Network Price Drops 0.9% within 24 Hours

pi network price today December 5, 2025
Source: CoinGecko

On December 5, 2025, the price of Pi Network was recorded at $0.2303, a slight decrease of 0.9% in 24 hours. If converted into the current rupiah ($1 = IDR 16,658), then 1 Pi Network is IDR 3,836. In the last 24 hours, the price of PI moved within a range of $0.2292 to $0.2335.

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Despite the price pressure, PI’s market capitalization remained high at around $1.92 billion. The 24-hour trading volume was recorded at around $15.47 million, indicating a fairly active market.

Pi Network (PI Coin) Price Analysis

The price of the PI coin has plummeted dramatically since its launch in March. To date, PI has dropped by around 95%, touching a low of $0.152 on October 10. After that, the price briefly bounced, but failed to break the diagonal resistance line.

All this changed on November 19 (marked with the green icon), when the price finally managed to breakout above that trendline. Usually, a breakout from a long-term structure like this signals the beginning of a sustained uptrend.

However, this is yet to be proven on PI, as the price is still holding around that breakout level. As long as PI stays close to the breakout area, the hope for a trend reversal is still there – but market confidence is fading fast.

Rejection and Decline

If we take a closer look at the price movement and the technical indicators, the bullish signals are not yet strong. PI experienced two rejections from the horizontal resistance area at $0.27 (marked with a red icon).

The latest rejection triggered a downward trend that is still ongoing today. In addition, the momentum indicator is showing bearish signals:

  • The RSI (Relative Strength Index) was below the 50 level, indicating weak buying strength.
  • MACD (Moving Average Convergence Divergence) is in the negative zone, supporting the potential for further decline.

These combined signals suggest that the probability of a price drop is still quite high. If the decline continues, the trend line that was previously resistance – now at around $0.200 – could serve as important support.

Correction Before Rebound

The current short-term price action reinforces the negative sentiment towards PI Coin, as if it were the final blow to the bulls. The chart shows that PI is undergoing a correction in a descending parallel channel pattern.

If this pattern develops as expected, then PI will likely complete wave C within the A-B-C corrective structure. Adjusting the length of waves A and C results in a calculation that is perfectly aligned with the diagonal support line.

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The correction target is at $0.195, right at the channel support line-which is technically an ideal zone for a potential bounce. In addition, PI’s position at the bottom of the channel increases the likelihood that the next move will remain bearish.

As such, all indicators point to a potential drop towards $0.195, which would also serve as a retest of the previous long-term breakout level. Until PI touches that area, the upside potential is still limited, and any rally is likely to be short-term.

Pi Coin Risks a Deeper Plunge

Pi Coin is now at a very decisive point. The previous long-term breakout was promising, but weak momentum, repeated rejections, and bearish technical indicators all hint that one more dip could be in order before a real recovery begins.

If PI is able to hold at the $0.195-$0.20 support zone, then a short-term rebound is likely. However, if the support fails to hold, the trend will turn decisively bearish, and the probability of a new low will increase.

Traders are advised to watch the next move closely, as this support level could be the determinant of Pi Coin’s direction for the rest of the year.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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