Pi Network Price Forecast: Reversal, Declining Interest, and What We Know

Blockchain related 2025-11-04 06:42 12 Tronvault

Pi Network's ISO 20022 Hopes: A Data-Driven Dose of Reality

Pi Network, the mobile-mining cryptocurrency, is experiencing a price correction, down 5% at the time of writing. The culprit? A cooling of expectations surrounding its potential compliance with ISO 20022, the global standard for financial messaging. Last week saw a surge of interest, fueled by rumors that Pi was on the verge of joining the ranks of Ripple's XRP and Stellar (XLM). However, a reality check from a Pi Network moderator has deflated that balloon, and the numbers tell the story.

Social Sentiment vs. Price Action

Lumexo, a Stellar-based wallet company, initially stoked the flames by suggesting Pi Network was nearing ISO 20022 compliance. The problem? The Pi Core Team (PCT) didn't confirm it. A moderator from r/PiNetwork stepped in, dismissing the information as "misinformation." The moderator's statement, while intended to manage expectations, appears to have had the opposite effect.

Santiment data shows a clear decline in social interest. Social dominance plummeted from 0.186% on Wednesday to a mere 0.025% on Sunday. Social volume followed a similar trajectory, dropping from 36 messages to just nine. This decline in social chatter correlates directly with the price reversal. And this is the part of the report that I find genuinely puzzling. The market wants this to be true, but the underlying tech just isn't there.

The data suggests that the ISO 20022 rumor was a primary driver of buying pressure. Now that the rumor has been debunked, at least unofficially, that buying pressure has evaporated. It's a classic case of "buy the rumor, sell the news"—except in this case, there was no news, just a rumor.

Technical Analysis: A Bearish Outlook

From a technical perspective, Pi Network's outlook isn't much brighter. The token is currently trading below $0.2400, and the reversal from the 50-day Exponential Moving Average (EMA) suggests further losses are likely. The $0.1919 support level, marked by the October 11 low, is the immediate target. A break below that could see the price fall to $0.1533, the October 10 low.

The Relative Strength Index (RSI) is also flashing warning signs. It's retreated from 62 on Wednesday to 50, indicating a decline in buying pressure. The Moving Average Convergence Divergence (MACD) is flattening out and risks crossing below the signal line, which would confirm renewed selling pressure.

Pi Network Price Forecast: Reversal, Declining Interest, and What We Know

However, a rebound above the 50-day EMA at $0.2589 could negate the bearish outlook. In that scenario, the PI token could test the $0.3220 level, marked by the August 1 high. But based on the current data, that seems like a long shot.

What I find particularly interesting is the reliance on social media sentiment as a leading indicator. Usually, TA guys look at volume, resistance levels, or some other metric. This is an entirely different beast.

The ISO 20022 Mirage

The ISO 20022 standard is designed to improve cross-border payments by providing a common language for financial institutions. Compliance with this standard is seen as a major step towards mainstream adoption for cryptocurrencies. However, the Pi Network's actual progress towards ISO 20022 compliance is unclear. The moderator's statement suggests that the rumors were premature, if not entirely unfounded.

The problem is that the Pi Network operates on a different model than the established players. It's a mobile-first cryptocurrency that relies on a unique mining process. Integrating that with the existing financial infrastructure is a significant technical challenge. And let's be frank: financial institutions move at a glacial pace.

Speculation Without Substantiation

The Pi Network's price action is a cautionary tale about the dangers of speculation without substantiation. The ISO 20022 rumor fueled a brief rally, but it was ultimately unsustainable. Without official confirmation from the Pi Core Team, the rally was built on sand. As one report indicates, the reversal extended as buying pressure and social interest declined Pi Network Price Forecast: Reversal extends as buying pressure, social interest decline.

The data suggests that the Pi Network needs to focus on building a solid technical foundation and fostering realistic expectations. Chasing rumors and hype may provide short-term gains, but it's not a viable long-term strategy. The question now is, can the Pi Network deliver on its promises, or will it remain a speculative asset with limited real-world utility?