Pi Coin still dey face wahala wit how im price dey change because of token unlock pressure, as Codename:Pepe enter market wit AI-powered features
Pi Coin still dey see too much price up-and-down, dem dey sell am between $0.57 and $0.76 for recent weeks. For the last 24 hours, Pi Coin fall 5% to $0.6149, wey mean say e drop 62% from im 2025 high and 80% below im all-time high. Dis fall mainly happen because millions of new tokens dey unlock every day, wey dey increase the pressure to sell. Technical analysis show say the cryptocurrency dey struggle under key moving averages (10-day EMA for $0.6612 and 50-day EMA for $0.7729), wey mean say bearish momentum still dey. Key support and resistance levels now dey $0.49 and $0.88, respectively. Oscillator indicators still dey neutral to small small bullish, with resistance close to $0.66. Forecasts different: CoinCodex see am moving towards $0.49, CoinDCX expect $0.68-$0.74 for June, and possible recovery to $1.50 by late July. Meanwhile, Codename:Pepe, one new meme coin wey dey use artificial intelligence, dey enter the market, aiming for investors wey like growth. E dey offer advanced sentiment analysis, meme coin identification, and one tiered presale structure. The way Pi Coin and new innovative ones like Codename:Pepe dey perform different show say market competition dey increase and investor feelings dey change. Traders suppose watch key catalyst events—like unlock schedule adjustments and Pi Day 2 announcements on June 28—because these fit cause more falls or one possible rebound. Ongoing project innovation, strong community engagement, and the ability to counter sell pressure still dey critical for both Pi Coin and new competitors to influence trader sentiment and overall sector dynamics.
Bearish
Pi Coin still dey under heavy sell pressure because new new tokens dey unlock everyday, wey don push di price down by 62% from wetin e be for di year and 80% from im all-time high. Di token no fit stay up for di main moving averages and di strong resistance levels wey dey show say di price go still dey fall. Forecasts dey show say di price fit still go down, with strong support for $0.49, and e fit even fall more if no big good news come out or if dem no reduce di rate wey dem dey unlock tokens. Di way Codename:Pepe show face don make di competition for investors' attention even more. Although new project innovation dey bring long-term movement for di sector, di current short- to medium-term outlook for Pi Coin itself no good because of too much supply and weak technical strength.