Pi Network (PI) has faced a significant price dip recently. This price dip is majorly driven by the decision for Binance to exclude the coin from its current vote-to-list campaign. However, fresh scrutiny regarding centralization of the Pi Network has led to waning investor confidence.
Currently, the market is closely monitoring the discussions about the management of the Pi Network SuperNodes. With investor confidence fading out, some market participants have started pulling their funds out due to worries about the price performance of PI coin moving forward.
Fresh Centralization Concerns About Pi Network’s SuperNodes
Pi Network’s SuperNodes play a significant role in validating transactions on the blockchain. However, the crypto community is highly concerned about the selection of these SuperNodes which has appeared to be opaque.
In its testnet phase, Pi Network only used three SuperNodes. These nodes are located in Canada and Finland (1 in Canada and 2 in Finland). Additionally, the SuperNodes were all managed by the Pi Core Team (PCT). However, upon launch, there are 42 nodes available with three of them serving as the validators according to data by PiScan.
But what raises questions is the centralization of these SuperNodes since no documentation of the identity or how they operate is provided by the team. Additionally, the criteria for becoming a SuperNode is unknown hence the doubts about whether Pi Network is fully decentralized.
In a recent post on X, the founder & CIO of Cyber Capital Justin Bons pointed out the issues on the Pi Network. “PI is fully permissioned (centralized) & everything requires KYC, even simple TX’s!” Bons pointed out. Bons further added that “PI is an investment scam,” which has resulted in a cautious approach by PI investors.
PI’s CMF Shows Investors Are Opting Out; But It’s Not Over Yet
According to the Chaikin Money Flow (CMF) indicator, Pi Network investors are losing faith in the coin. The CMF of PI has a value of -0.13 as of the time of this writing. This value which is below the neutral level at (0.00) shows that selling pressure is prevalent in the current market.
Usually, a negative CMF value (below zero) depicts that holders are selling and opting out of their positions. This often aligns with bearish sentiment in the market which is clear in the current Pi Network market. Furthermore, PI Coin’s CMF has been below zero since March. 21, 2025.
However, there is a twist in the trajectory of Pi Network’s CMF. The CMF seems to have started curving upwards suggesting a potential recovery. If the CMF climbs above the zero line, it will confirm a shift in the momentum of PI.
PI Coin’s Price Performance
The 4-hour chart on TradingView shows that Pi Network is currently trading at $0.9494. The current price is down by over 5% on the day hence confirming price struggles due to the recent centralization concerns and market conditions.
If selling pressure persists around PI, the altcoin could dip further. Pi Network holds short-term support at $0.8636 level. A breach of this level could lead to further drop towards the next support at $0.6364.
However, if selling pressure fades as depicted by the ‘upward-curving’ CMF, PI could shift into an upward trajectory. The coin faces immediate resistance at $0.1241 which if breached could see Pi Network surge towards the next resistance around $1.3647. Such a move would confirm a recovery in the market hence triggering further price surge. Investors must monitor these levels for confirmation of further dip or a shift to a price pump.
Will PI Reclaim Rise or Dip – Analyst Predicts!
As per a prediction by crypto analyst Dr Altcoin, Pi Network could reclaim $1 soon. The analyst shared on X that he is now “more confident that Pi is going to return to $1 soon.” However, for PI coin to do so, the team needs to reduce the circulating supply significantly.
“PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1,” Dr Altcoin wrote. The analytics on PiScan shows that there are 6.76 billion PI coins in circulation.
Pi Network (PI) has a total supply of 100 billion. With upcoming token unlocks, it is crucial for investors to perform more research before investing. However, Dr Altcoin’s analysis offers hope that the coin could reclaim the $1 price level in the near future.
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