Is Pi Coin Price Heading Below $0.60 Soon?

Pi Network’s native token, Pi Coin, has experienced volatility, with prices opening at $0.6915 and briefly reaching $0.6918 before declining. The latest data shows a 3.83% drop, reflecting increased bearish sentiment. Trading volume remains low at 10.23K, signaling weak buying interest and a risk of further losses.

Read PI Network Price Prediction for more detailed insights

Technical Analysis: More Downside Ahead?

Pi’s Relative Strength Index (RSI) stands at 39.42, nearing oversold territory, with a moving average of 39.78. This suggests increased volatility and a likelihood of further downside. Additionally, Pi is forming a falling wedge pattern, testing key support at $0.687. A breakout above $0.71–$0.72 could trigger a short-term bullish reversal, with resistance at $0.75–$0.78. However, failure to hold support may send prices toward $0.60.

Can Pi Network Regain Trust?

Despite ongoing ecosystem expansion, Pi faces hurdles. Many traders seek greater transparency regarding its progress and strategic plans. Exchange listings and adoption remain critical for future price recovery.

A key concern is Pi Network’s Know Your Customer (KYC) process. The project recently required users to submit email addresses for two-factor authentication (2FA), citing SMS limitations. However, critics argue this move compromises privacy, further fueling skepticism about the project’s legitimacy. Allegations of Pi being a scam continue to weigh on market sentiment.

What’s Next for Pi?

Short-term predictions suggest Pi may trade below $0.60 in April unless bullish momentum emerges. A breakout above $0.7300 is needed for a recovery, while a drop below $0.7100 could push prices lower. With Pi transitioning from testnet to mainnet, investors will closely monitor developments for potential signs of reversal.