Pi Price Drops 10% But Whale Activity Fuels Speculation – Can the Bulls Rebound to $0.62?

Highlights:

• The price of Pi Coin has dropped 10% to $0.55, but its trading volume soared by 269%, indicating rising market activity.
•  Nearly 200 million PI were transferred from liquidity reserves to a private wallet, indicating a strong interest in OTC deals among large investors.
• PI technical indicators show oversold conditions and a bearish outlook.

The Pi price has dwindled 10% to $0.55 in the past 24 hours, as the crypto market tumbles following the Israel-Iran war. Despite the drop, its daily trading volume has soared 269%, indicating rising market activity. Recently, there has been high whale activity in the PI Network, where almost 200 million PI were transferred out of the liquidity pool into a personal wallet. This movement has sparked speculation that large investors or institutions might be accumulating PI through over-the-counter (OTC) transactions.

🐋 Massive Whale Transfers Spark Speculation
Recently, nearly 200 million PI were moved from a liquidity reserve to a private wallet, possibly for OTC (over-the-counter) deals. This has been interpreted as silent accumulation by institutions or large investors.#PiNetwork #Pi2Day… pic.twitter.com/9Sl6kRxglc

— Dr.Vincent McPhillip (@PIFilipo) June 13, 2025

The movements can be an indication that the institution has an interest in the project, particularly in high-value transactions. Such large transfers may be part of a larger plan by a major investor to acquire more PI tokens as a long-term investment strategy.

Meanwhile, the price of PI Network has also suffered a significant blow, dropping by 35% to reach a new low of $0.40. As the PI token currently trades at approximately $0.55, this indicates the prevailing bearish attitude in the cryptocurrency market. This has prompted some to question the longevity of the value of PI, given that the wider market continues to manage the fallout of wider geopolitical tensions.

Pi Price Technical Outlook

Technically, PI Network is facing an unfavorable market situation amid geopolitical tensions. The token is currently trading within a consolidation channel, as the bears take total reigns in the market. Currently, the Pi price is trading below the key moving averages at $0.62 and $0.75, aligning with the 50-day and 200-day MAs. This indicates a bearish outlook, as traders and investors are concerned about the future prospects of Pi Network. 

The Relative Strength Index (RSI) is sitting in the oversold region at 21.87, indicating an intense bearish prospect. Its position below the 30-oversold level indicates that the bears are in control. However, with the token undervalued, the bulls may initiate a buy-back strategy, triggering a rally.

This outlook suggests that unless market sentiment changes drastically, the downward trend is likely to continue. With such technical indications, the next major support level is expected to be at $0.51. With the continued bearish pressure, there is a possibility that PI may fall below the $0.45 mark, further pressuring its market stance.

On the other hand, if the bulls ignite a buy-back campaign, the RSI may commence climbing toward the 50-mean level. That will only happen with a change in the market environment and a rise in investor confidence. In the meantime, that is quite a tall order, considering the way the crypto market is positioned. Further, there is the absence of any significant catalysts of a positive nature in the case of the PI Network. Meanwhile, in the event of a market rebound, Pi’s price could spike towards the $0.62 mark.