Pi Network Price Today May 5, 2025: Pi Network Covers More Than 100 Countries
Pi Network price today 5/5/2025 increased 0.9% compared to yesterday, currently at 0.5921 USD. Pi Network quietly "covers" more than 100 countries
Pi Network Price Today 5/5/2025
Pi price on OKX exchange on May 5, 2025 is fluctuating around the price from 0.5776 USD to 0.6078 USD (equivalent to 15,020 VND to 15,810 VND). Thus, at the time of writing, Pi price on OKX exchange increased by 0.9% compared to yesterday, reaching 15,380 VND
Pi Network (PI) has fallen about 6% over the past week despite the overall recovery of the cryptocurrency market. The coin's market capitalization is now just $4.1 billion, reflecting strong selling pressure and weak investor sentiment. If this trend continues, PI could return to a record low near $0.40.
Several technical indicators suggest that the price outlook for PI remains quite negative. The RSI is falling to 39.78, near the oversold zone, indicating that selling pressure is increasing and the price is likely to continue to weaken.
In addition, the OBV index also dropped sharply, currently at minus 1.26 billion, equivalent to a decrease of 15% in just one week. This shows that money is withdrawing from Pi and buying power is clearly weakening.
The CMF indicator is also currently at minus 0.15, clearly reflecting the dominance of selling pressure.
However, if a trend reversal occurs, PI price could recover to $1.01.
Pi Network quietly "covers" more than 100 countries
While bearish pressure remains dominant, a big bright spot for Pi Network is that the platform is slowly gaining widespread legitimacy.
Specifically, payment company BANXA has just received a KYB license, allowing users in more than 100 countries to directly buy PI with fiat money through the Pi Wallet. The integration comes after Pi officially launched its mainnet (Open Mainnet) on February 20, 2025. This is an important transition from P2P transactions to a more controlled and transparent form of transaction.
This event not only makes Pi more accessible to new users, but also increases legal credibility, especially with hesitant financial institutions.
Many experts expect that after BANXA, exchanges like HTX and BitMart will also soon list PI. This will help improve liquidity, increase trading volume and enhance Pi's position in the global cryptocurrency market.
