It was a painful week for most of the cryptocurrency market, but Pi Network’s native token found a way to dig another (actually several) hole.
In the span of just 72 hours or so, the asset plummeted to numerous consecutive all-time lows. The latest anti-record came on January 29 at $0.1589 (CoinGecko data), which means that PI has lost 94.5% of its value since late February 2025, when it charted an all-time high at $2.99.
Given its spectacular demise and most recent correction, we decided to ask Gemini about its take on the week ahead and whether there is any hope left for PI token holders.
What’s Ahead for PI?
Before it indulged in answering what the future holds for PI, the popular AI solution weighed in on the possible reasons behind its most recent crash. It noted that it’s a combination of factors, not all related to the overall market weakness. As an example, it said some whales and long-term project supporters have abandoned ship after years of failed promises and lack of actual development.
“On-chain data and volume metrics suggest that the few “whales” (large holders of the IOU pairs) have stopped defending the price. Volume has dried up, leaving only retail panic-sellers.”
On the actual question in hand, Gemini warned that another decline to $0.12-$0.14 is not entirely out of the question. After all, PI has lost all support levels on its way down, and there are no actual defense zones left.
The Actual Warning
Gemini was quite skeptical about PI’s future price performance, at least in the next week or so. It admitted that after such a profound price correction, the token might be due for an instant rebound to somewhere around $0.18. However, this is likely to be a “dead cat bounce” because of oversold RSI levels.
A potential jump to those levels would allow the bears to “aggressively short” the asset, which will lead to an immediate and violent rejection that will “roll PI over to test $0.14 by the end of the week.”
“When an asset breaks an ATL, it typically drops another 15-20% before finding a temporary bottom. There is zero volume support below $0.16.”
Consequently, Gemini warned investors who are considering buying the dip to wait for a few days for the dust to settle, perhaps to find support at $0.16, before investing.
The post Pi Network Price Outlook for Week Ahead: Another ATL or Significant Rebound appeared first on CryptoPotato.