Pi Coin News: Can It Overcome Bearish Pressure & Surge Toward $5?
Key Insights:
- Pi Network (PI) trades below $0.70, facing strong bearish momentum and key support at $0.65.
- Speculation about a $5 surge continues, but PI must first reclaim $0.75 and $1.50.
- Increased supply and lack of major exchange listings weigh on PI price stability.
Pi Network (PI) price has fallen below $0.70, continuing its downward trend amid broader market weakness. Pi coin news highlighted that the token has dropped 20% in one week. It struggled to hold key support levels as selling pressure persists.
The token faces challenges due to its increasing supply and absence from major exchanges, raising concerns about price stability. Meanwhile, speculation about a possible rally toward $5 remains, but PI must first reclaim critical resistance zones.
Pi Coin News: Pi Network price Faces a Downtrend Below $0.70
Pi Network price continues to decline, slipping beneath $0.70 and nearing its all-time low of $0.6152 from February 2025. This marks a 77% drop from its all-time high of $2.98, recorded just over a month ago.
The token has lost over $14 Billion in market value. Its market capitalization shrank from nearly $20 Billion to $4.66 Billion. According to Pi coin news, the sustained decline mirrors increased selling pressure in the market.
Over 1.5 billion tokens are anticipated to enter circulation within the next year, further impacting its price trajectory.
This will bring the total supply to 8 billion tokens, with monthly unlocks peaking at 233 million in July. As supply increases, demand struggles to keep up, adding downward pressure on the price.
Key Support and Resistance Levels to Watch
Pi Network price is currently testing critical support at $0.65. This level is crucial and could play a significant role in determining its next price movement.
If the price breaks below this zone, further downside toward $0.61 may follow, marking a fresh all-time low. The token needs strong buying interest to avoid deeper declines.
On the upside, PI is set to encounter the $0.70 and $0.80 levels, as highlighted in recent Pi Coin news. A crossover above the 0.90 price level will signal the potential trend reversal.
Thus, to continue this growth, the token must reclaim and stay above $1.50. This could herald further gains to $5. However, priceill trending bearish as PI fails firstto regain its earlier positions.
Technical Indicators Show Weak Momentum
The MACD indicator is a bearish signal as the signal line is above the MACD line,, showing weak buying pressure. This suggests that the current bearish trend will likely continue if there are no changes in the market sentiment.
The RSI is close to the oversold zone, at 32.03, suggesting weak buying pressure from the bulls. If the RSI falls lower, this can mean that bearish control is still in play.
Nonetheless, a bounce above 40 may point to stabilization. The moving averages offer a resistive outlook, with the 50-Moving Average positioned at $0.73938. Additionally, the 100-Moving Average is located at $0.79741, both above the current price zone.
Market Conditions and Future Outlook
Despite its high popularity, the cryptocurrency is still not listed on the Binance, Coinbase, Kraken, and Bybit exchange platforms. There is also minimal cross-exchange support to boost liquidity and assurance, which could support the price recovery of the assets.
PI coin still has some good news regarding its target of $5. However, the technical aspect of PI is yet to break and hold $0.75 and $1.50.
Until crucial resistance levels are breached, PI is set to continue experiencing growing supply pressure and limited exchange coverage.
The token’s price trajectory depends on demand being maintained at key support levels. Alternatively, if sellers persist, the price could face further downward pressure.
