Pi Network is facing turmoil, having lost 62% of its value from its peak. The cryptocurrency is now dropping an additional 5% amid security concerns. What does the future hold for this crypto? Will it plunge to $0.40?
Currently trading at $0.6213, the Pi Coin has dropped by nearly 5% in the last 24 hours. This decline adds to a decrease of 62% from its 2025 all-time high and 80% from its absolute peak. The plummet is primarily due to the daily unlocking of millions of new Pi tokens, exerting continuous downward pressure on prices.
Currently, Pi is trading below all key moving averages, including the 10-day average at $0.6612 and the 50-day average at $0.7729. This indicates that the bearish momentum persists. Technical oscillators are generally neutral, with a few emerging bullish signals. The main resistance lies at $0.66, and a breakthrough above this level could initiate a short-term recovery.
However, if the selling pressure continues, Pi Coin could plunge to the critical support level near $0.57. Overall, the price is consolidating under pressure and would require a massive buying surge to reverse the trend.
According to Dr. Altcoin, with no major announcement expected for Pi Day 2 on June 28, the Pi Coin could continue to plummet and reach a low close to $0.40 by August. However, once the pace of token unlocks slows down after this period, the selling pressure is likely to ease, paving the way for a price rebound.
Investors are advised to use only the official Pi wallet, accessible solely through the Pi browser, to secure their assets. Any other platform may pose a security risk.
The authentic Pi wallet can be identified visually by its purple navigation bar and Pi logo. Stay tuned for the latest news regarding this struggling cryptocurrency and don’t hesitate to take a stance on its uncertain outlook.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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