What awaits us next week for the PI token, according to Gemini.
In the span of just about 72 hours, the value plummeted to numerous consecutive lows. The last anti-record came on January 29 at $0.1589 (CoinGecko data), meaning PI has lost 94.5% of its value since late February 2025, when it hit an all-time high at $2.99.
Given the spectacular downfall and the most recent correction, we decided to ask Gemini for his thoughts on the week ahead and whether there is still hope for PI token holders.
What lies ahead for PI?
Before turning to answering what the future holds for PI, the popular AI solution weighed in on the possible reasons behind the most recent crash. It noted that it is a combination of factors, not all of which are related to the overall weakness of the market. For example, it is said that some whales and supporters of long-term projects have abandoned ship after years of failed promises and a 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 panic sellers at retail.”
Regarding actual demand, Gemini warned that another decline to $0.12-$0.14 is not completely ruled out. After all, PI has lost all support levels on its way down and there are no real defense zones left.
The actual warning
Gemini was quite skeptical about the future price development of PI, at least in the coming week. It admitted that after such a deep price correction, the token could expect an immediate recovery to somewhere around $0.18. However, this is likely a “dead cat bounce” due to the oversold RSI levels.
A potential jump to those levels would allow the bears to “aggressively short” the asset, leading to an immediate and violent rejection that will “carry PI to a test of $0.14 by the end of the week.”
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“When an asset breaks an ATL, it typically falls another 15-20% before reaching a temporary low. There is no volume support below $0.16.”
Therefore, Gemini cautioned investors considering buying the dip to wait a few days for the dust to settle, perhaps finding support at $0.16, before investing.
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