The Pi Network recently marked 100 days since the launch of its Open Mainnet on February 20, 2025, but instead of significant growth, the project has faced notable setbacks. Over the past week, Pi Coin’s price has plunged by 16%, leaving many investors concerned. According to CoinMarketCap, the current Pi Coin price is around $0.5038, reflecting a 0.78% dip in the last 24 hours. Over the past month, the token has witnessed a sharp decline of more than 37%, fueling uncertainty within the Pi community.
Pi Coin Price History and Current Market Outlook
Despite reaching an all-time high of $2.98 on February 26, Pi Coin also fell to a painful low of $0.4012 on April 5. The key question now: Why is Pi Coin falling, and can it recover?
Why Is Pi Coin Price Dropping? Key Factors Behind the Crash
1. Global Tensions Impacting Crypto Market
The ongoing Iran-Israel conflict has triggered a broader downturn in the cryptocurrency sector. Even major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have experienced declines. The total crypto market cap dropped by 1.26% in the last 24 hours, now standing at $3.1 trillion. Given Pi Network’s relatively weaker market position, it has been hit harder, with its price slipping from $0.60 to $0.50 in just one week.
2. Dr Altcoin’s Bearish Prediction Materializes
Respected crypto analyst Dr Altcoin had earlier predicted that Pi Coin could slide to $0.40 if the development team fails to maintain transparency. That prediction came true when Pi Coin touched $0.40 on June 13, followed by a bounce to $0.47 on June 22. There is growing fear within the community that a fall below the critical $0.40 support level could lead to mass withdrawals and further price collapse.
3. Password Leak Shakes Community Trust
A recent security breach has further eroded investor confidence. PiChain Global confirmed a password leak within the Pi Browser, exposing user data. In response, users were urged to bind their email accounts to safeguard their Pi holdings. However, the incident has intensified doubts regarding the platform’s overall security and transparency.
June 28: A Turning Point for Pi Coin?
Despite the bearish trend, optimism is building around the upcoming “Two Pi Day” on June 28, 2025, which could bring significant developments for the Pi Network.
What to Expect:
- Major Announcement Anticipated:
Pi Network’s co-founder Dr Nicolas Kokkalis is scheduled to speak at Consensus 2025 on June 28. Speculation suggests he may address long-standing rumors about a possible Binance listing for Pi Coin. While there is no official confirmation yet, community polls show overwhelming support for such a listing. - Ecosystem Expansion:
According to Dr Nicolas, the project continues to evolve during its Enclosed Mainnet Phase, with over 50 million active users. The introduction of real-world applications and new use cases could enhance the network’s credibility and long-term value.
Pi Coin Price Forecast: Will It Hit $5?
At present, Pi Coin is trading around $0.5064, based on the 30-minute chart from OKX. The token recently rebounded from a low of $0.45, and technical analysts suggest that if it retests the $0.40 mark, a double-bottom formation may occur—commonly viewed as a bullish reversal signal.
- Technical Indicators:
- Relative Strength Index (RSI): Currently at 59, indicating increased buying interest.
- MACD: Showing signs of a positive crossover, suggesting potential upward momentum.
Key Resistance Levels:
For a sustainable rally, Pi Coin must hold above $0.40 and break through resistance at $0.55 to $0.60. If supported by a major exchange listing, the price could surge significantly.
Long-Term Outlook:
With strong community backing and ecosystem growth, Pi Coin has the potential to reach $5 over time. In the best-case scenario, analysts predict the price could range between $5 and $10 by 2027, contingent on widespread adoption and favorable crypto market trends.
Should You Invest in Pi Coin?
The Pi Network presents both challenges and opportunities. Recent price declines, security concerns, and transparency issues have cast doubt on the project’s immediate future. However, upcoming events like Two Pi Day, potential exchange listings, and expanding use cases could reignite interest and drive price recovery.
Bottom Line: While the possibility of Pi Coin reaching $5 exists, it largely depends on how the project addresses current shortcomings and delivers on community expectations.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) before investing in cryptocurrencies or any digital assets.
