Pi Network Price Drops Below Key Support, Traders Brace For $0.5

Key Insights

• Crypto expert predicts that Pi Network price could hit $314 in the future.
• Pi’s current price action shows no sign of recovery anytime soon, as sellers remain in control.

Over the period, the Pi Network price appears to be turning more bearish. Amid ongoing market uncertainty, the asset has plummeted by over 48% and is now poised to continue its downtrend in the coming days.

Current Market Sentiment and Price Momentum

At press time, the Pi Network price was trading near $0.66 and had recorded a decline of over 7% in the past 24 hours. During this period, participation from traders and investors skyrocketed, leading to a 44% jump in recorded trading volume.

This surge in trading volume, occurring as the price dipped over 7%, likely signals that investors have begun dumping their holdings amid rising bearish sentiment, thereby accelerating the downward pressure. The increasing volume reflects heightened selling activity rather than accumulation.

This drop in the asset’s price and the shift in current market sentiment is potentially caused by Bitcoin’s 2% price dip during the same period, which turned the entire crypto market red. As a result, the total market cap dropped by 2.54%.

Expert’s Bold $314 Prediction

Despite the bearish outlook, experts appear to be highly bullish on the asset. Recently, a crypto expert made a bold prediction for the Pi Network price. In a post, he noted that Pi will hit $314.

However, this prediction appears to be unachievable, as it would require massive upside momentum — something that seems nearly impossible given the current market sentiment and the bearish price action the asset has formed on the daily

Pi Coin Price Action and Key Levels

According to expert technical analysis, the Pi Network price has continued to bleed for the fifth consecutive day. As a result, the asset has fallen below the 200 Exponential Moving Average (EMA) on the daily timeframe and shows no sign of recovery anytime soon, as sellers remain in control.

The consistent formation of lower highs and lower lows indicates a prevailing downtrend, with sentiment heavily skewed toward fear and uncertainty.

Upcoming Levels of Pi Network Price

At present, the token is hovering near $0.68 and appears to be heading toward the key support level of $0.55 in the coming days. This key support level is an area where the Pi Network price has spent a significant amount of time previously.

While examining all prospects, it seems that short-term momentum is weak, and a bullish entry would only be possible if the Pi Network price reclaims and moves above the $0.80 and $1 levels. Until then, traders and investors must remain cautious, as the Pi Network price shows no signs of a bullish reversal.

As of now, the Pi Network coin lacks an official exchange listing, which weighs heavily on investors’ confidence.

Will Pi Coin List on Binance?

However, looking at Binance’s recent post and their poll asking users to vote yes or no on whether they should list Pi on Binance shows Binance’s strong interest in the Pi coin. It may be listed in the coming days.

Meanwhile, a Pi community member recently shared a post on X (formerly Twitter) stating that the United States Securities and Exchange Commission (SEC) has dropped all charges against Binance. This development will now allow the exchange to list many utility coins, meme coins, and shitcoins as well.

The post on X also noted, “The Pi community thinks the Binance listing will take place on Pi2Day, either on the day itself or a few days or weeks afterward.”

Additionally, the post stated, “Bybit will also list it because these exchanges usually only list coins that they buy a lot of beforehand, which is difficult with Pi.

Pi has an extraordinarily fair distribution, making it extremely hard for major exchanges and whales to buy it en masse in a short time.”