Pi Network Price Prediction: ISO 20022 Rumors Debunked, Community Hype Collapse May Test 0.15

The Pi Network continues its downward trend from the beginning of the week, currently reported at 0.2271 USD. Due to the clarification from the Pi community moderators regarding the rumors surrounding ISO 20022, and urging users to wait for the official statement from the Pi core team, Pi coin faces further fall risks. Data shows that the community's attention on this topic has experienced a big dump of about 75%. On the technical side, the PI price prediction downtrend target is 0.1533 USD.

ISO 20022 Rumor Debunking Admin Urgent Clarification

(Source: X)

The wallet company Lumexo based on Stellar announced on Sunday that Pi Network is about to comply with the ISO 20022 standard, an open global financial information transmission standard. This move provides an official channel for the previous rumors regarding Pi Network's compliance with the ISO 20022 standard, enabling it to compete with blockchain-based cross-border remittance leaders like Ripple's XRP and Stellar (XLM).

However, the moderator of Pi Network r/PiNetwork responded in a dismissive tone: “This erroneous message did not come from @PiCoreTeam.” For users who are expecting an official announcement to be released later, the moderator stated: “I think it is not wise to guess the intentions of PCT - people will keep repeating it, and unknowingly, it will turn into speculation.”

This official denial immediately extinguished the market's optimistic sentiment. ISO 20022 compliance is a highly valuable certification as it is the standard protocol for communication between international financial institutions. Ripple and Stellar have gained recognition from banks and payment institutions precisely because they comply with ISO 20022 standards. If Pi Network also obtains this certification, it will significantly enhance its competitiveness in the cross-border payment field.

However, last week's rumors about ISO 20022 were still a key factor driving buying pressure. Many investors bought PI coins based on this news, expecting the price to rise further after the official confirmation. The moderator's clarification meant that these buy orders were based on misinformation, leading to profit-taking and stop-loss sell-offs. This pattern of “good news falling through” is not uncommon in the crypto market and often results in severe price corrections.

From the perspective of Pi Network price prediction, the collapse of the ISO 20022 rumor is a significant bearish signal. If the rumors are true, Pi Network may welcome a new round of price increase; since it has been denied by the official, there is a lack of new catalysts to support the price in the short term. Investor sentiment has shifted from optimism to disappointment, and this psychological shift often has a greater impact on prices than actual fundamental changes.

Community follow big dump 75%, PI buy orders exhausted

(Source: Santiment)

As the moderators attempt to quell the rumors, discussions on social media surrounding the Pi Network have gradually decreased. Santiment data shows that on Sunday, the share of social media discussions on this topic dropped to 0.025% and the number of discussions to 9, while on Wednesday, they were 0.186% and 36 respectively. This means that the share of social media discussions decreased by about 86% and the number of discussions fell by 75%. This sharp decline indicates that market interest is rapidly fading.

Community attention is an important leading indicator of cryptocurrency prices, especially for community-driven projects like Pi Network. When social media discussions surge, it often signals that a new wave of retail investment is about to flow in. Conversely, when discussion volume shrinks, it indicates that market attention is shifting to other hotspots, weakening buying power.

The change in social media share from 0.186% to 0.025% is extremely significant. 0.186% means that Pi Network held a considerable share of discussions among all cryptocurrencies, possibly ranking in the top 20. In contrast, 0.025% indicates that it has exited mainstream discussions, with only a few loyal believers continuing to follow. The drop in discussion volume from 36 to 9 also reflects this cooling off, signifying a sharp decrease in users discussing Pi Network on social platforms like Twitter, Reddit, and Telegram.

In short, the potential impact surrounding ISO 20022 compliance is gradually becoming clear, coupled with lower social attention, indicating that buying pressure may decrease. In the absence of new catalysts, the price forecast for Pi Network leans towards continued pullback. The decline in community enthusiasm not only reflects current sentiment but more importantly indicates a lack of future buying interest. Without new positive news or technological breakthroughs, Pi Network may enter a long-term sideways or downtrend phase.

The 50-day moving average has failed to rebound three times, indicating a deep correction

(Source: Trading View)

As of November 4, the price of Pi Network has fallen to $0.2271, facing the risk of another pullback. Previously, the stock had experienced similar situations on May 21, June 25, and August 10 after bouncing from the 50-day moving average. This repeated pattern is highly predictive in technical analysis, indicating that the 50-day moving average has become a strong resistance level for Pi Network. Multiple failed bounces suggest that bullish strength cannot hold at this level.

This rebound from the moving average may test the support level of $0.1919 formed by the low on October 11. If the action mining cryptocurrency falls below this level, then the low of $0.1533 on October 10 will be the last line of defense. The drop from the current price of about $0.24 to $0.1533 signifies a decline of about 36%, which poses a significant risk for holders.

The momentum indicators on the daily chart reflect a weakening of buying pressure. The Relative Strength Index (RSI) has fallen from 62 on Wednesday to the midpoint of 50. The RSI has retreated from the overbought area and dropped below the neutral line, which typically indicates that price momentum is shifting from positive to negative, with buying strength starting to weaken against selling pressure. A reading of 50 suggests that Pi Network is currently in a state of balance between bulls and bears, but the downward trend implies that bears are gaining the upper hand.

At the same time, the upward trend of the Moving Average Convergence Divergence (MACD) is flattening as it approaches the zero line, posing a risk of breaking below the signal line. Once the MACD breaks below the signal line, it will confirm the return of selling pressure. The flattening of the MACD near the zero line is a key signal, indicating that the upward momentum is waning. If the fast line crosses downward through the slow line to form a death cross, it will mark the official beginning of a downward trend.

Pi Network Key Technical Levels

Current Price: About 0.24 USD (falling through)

Key Resistance: $0.2589 (50-day EMA, three failed rebounds)

First support: 0.1919 USD (October 11 low)

Last line of defense: $0.1533 (October 10 low)

Bounce Target: $0.3220 (August 1 low)

However, if the price can rebound above the 50-day moving average near $0.2589, the momentum indicators suggest that the current trend may continue. In this case, the PI token may test the low of $0.3220 on August 1. However, based on the history of three failed rebounds, breaking through the 50-day moving average is extremely difficult and requires a strong catalyst and significantly increased trading volume to achieve.

Overall market volatility and the weak position of Pi Network

The social discussions surrounding Pi Network are gradually subsiding, indicating low market interest, as the overall market remains volatile. While mainstream coins like Bitcoin and Ethereum are oscillating at high levels, and popular alternative coins like Solana are attracting attention, projects like Pi Network, which lack clear catalysts and are controversial, are naturally being marginalized.

From the overall market pattern, funds are flowing toward projects with clear narratives and practical applications. Solana ETF has attracted hundreds of millions of dollars in inflows, XRP benefits from regulatory victories, and AI-related tokens have risen due to industry trends. In contrast, Pi Network still faces long-term issues such as slow KYC processes, unclear mainnet transition, and uncertainty around token unlocks. In this context, the price prediction for Pi Network leans towards continued weakness unless there are significant fundamental improvements.

The demise of the ISO 20022 rumor serves as a warning: the Pi Network community's desire for good news has reached a level where they are willing to believe it, and this mindset often leads investors to make decisions based on incorrect information. In the future, Pi Network holders should be more cautious and only trust announcements from the official core team, rather than third-party or community rumors.

From the perspective of risk management in Pi Network price prediction, current holders should consider reducing their holdings or setting stop-loss orders around $0.24. If the price falls below the $0.1919 support level, they should decisively exit to avoid greater losses. For potential buyers, a wiser strategy is to wait for the testing of the final defense line at $0.1533 and consider entering only after confirming the support is valid.