Pi Coin’s Rally to $10 Unlikely as Price Drops Toward $0.40 Support
Pi Network’s Pi Coin (PI) has fallen nearly 30% over the past month, trading around $0.50 and approaching a key support level at $0.40. Despite milestones—13 million active users, 400,000 nodes, a $100 million startup fund, and a gaming app—the token lacks the exchange listings and real-world use needed to drive demand. Technical indicators show a bearish trend: the 14-day RSI sits at 30 with no confirmed bullish reversal, and analysts predict a drop to $0.40 in July. Price forecasts by CoinDCX, which once targeted $4.80–$5.00 by mid-2025 and $9.10 by 2027, now appear overly optimistic without sustained demand or liquidity improvements. To reach $10, Pi Coin would need a 190% gain and a market cap of around $26 billion, placing it among the top ten cryptocurrencies—an achievement that traders view as improbable under current conditions.
Bearish
Pi Coin’s recent 30% price decline, proximity to the $0.40 support level, and an RSI at 30 without bullish reversal signals indicate sustained selling pressure. Historically, tokens lacking major exchange listings and real-world utility struggle to recover quickly. Similar cases—like Filecoin (FIL) before its major listings—show that without improved liquidity and demand drivers, recovery is slow. Short-term traders are likely to remain cautious, while long-term investors await concrete catalysts such as new listings or partnerships. This indicates a bearish market outlook until clear fundamentals improve.