Currently, Pi Coin is being traded at a price point of $0.6404. It’s still struggling to break past the $1 mark and has experienced a decrease of 33% over the past month. At the moment, the Ichimoku Cloud, BBTrend, and Exponential Moving Averages don’t indicate any significant strength.
If momentum doesn’t pick up soon, Pi might experience further declines before any upward trend starts. While technical indicators present a somewhat ambiguous picture, they generally lean towards bearishness. Most oscillators, including RSI, Stochastic, and CCI, are neutral, while MACD is bearish. However, momentum indicators suggest a potential buying opportunity, indicating early signs of strength. The moving averages also suggest a predominantly bearish trend.
pi’s current state is tense, and it requires a surge beyond the range of $0.65 to $0.70 for the momentum to tilt towards the bullish side.
Tough Week for PI?
Based on predictions from CoinCodex, Pi Coin might encounter a challenging week. There’s a possibility it could decrease to approximately $0.4848 by June 14th, which represents a potential 23% drop for the week. However, this could change if any bullish factors come into play.
At present, the short-term moving averages are positioned beneath the long-term ones, indicating a persistent downward trend. This is often a clear signal of further declines. If bearish sentiment strengthens, Pi might return to significant support areas. A breach at these levels could potentially drive it below a crucial threshold for the first time, resulting in more substantial drops.
Conversely, should purchasing increase significantly, it might bounce off the next significant EMA resistance level, potentially triggering a 37% surge in a bullish rally. In a recent post on X, analyst Moon Jeff suggested that Pi Coin could return to $1.2. If it surpasses this level, it might signal the start of a recovery for the coin.
Send $PI back to $1.2.
This is the only way to bring momentum back. #PiNetwork— MOON JEFF (@CRYPTOAD00) June 8, 2025
Regardless of Pi Coin’s current downturn, the community maintains optimism as Pi Day 2 approaches on June 28th. Analyst Dr. Altcoin anticipates that a significant update from the Pi Core Team could trigger a price rebound. However, if no substantial news is released, there’s a possibility that Pi might dip below its record low of $0.40.
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2025-06-10 14:55