Pi Coin Struggles Below $1: What’s Next for PI?

 

Pi Coin (PI) is experiencing a challenging phase, with its price currently at $0.8397. The token has witnessed a 1.59% decline in the past hour and a 3.55% drop since yesterday. Despite a substantial 24-hour trading volume of $450 million, PI has been in a prolonged downtrend, losing nearly 72% of its value in the past month, falling from $3 to its current level. Over the last week alone, the token has dropped by almost 30%.

Read Pi Network Price Prediction 2030

Technical Indicators and Market Trends


The 50-day and 200-day Simple Moving Averages (SMA) both stand at $1.49, indicating a significant deviation from the current price. This suggests bearish momentum, with traders looking for potential reversal signals.

Analysts highlight a possible further decline to $0.6 before a bounce-back to higher levels, with MOON JEFF projecting a potential recovery to $5 in the long term. Andrew Griffiths also sees an opportunity at $0.75, pointing to a Falling Wedge Pattern that could indicate a reversal.

Also Read: Chiliz Price Prediction 2025, 2026 - 2030

Pi Network Updates and Binance Listing Concerns

A recent update from Pi Network’s official X channel focused on developers, stating that community apps completing PiNet migration by May 28 can secure their domains without bidding. This move is seen as an effort to strengthen the ecosystem.

Meanwhile, Binance has reportedly refused to list Pi Coin due to concerns over centralization and the absence of an open mainnet. However, Pi supporters dispute this, arguing that the mainnet launched on February 20. Without an official statement from Binance, these reports remain unconfirmed.

Pi Coin’s future hinges on ecosystem growth and further decentralization. While its short-term outlook remains bearish, long-term investors are closely monitoring key levels for potential buying opportunities.

FAQs


How much is 1 Pi in rupees?


At the current price of $0.8397, 1 Pi Coin is worth approximately ₹70 (based on an exchange rate of $1 = ₹83.5).


Why is Pi Coin’s price dropping?


The price decline is due to uncertainty over Binance listing, lack of open trading on major exchanges, and market volatility.

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