Key Insights:
- Pi crypto could experience significant downside momentum if it fails to hold $0.516 level.
- A popular analyst questioned, “Why is this PI scam still valued at $7 billion FDV? Who is holding this?”
Amid ongoing geopolitical tensions, Pi Network’s native token, Pi, appears bearish and is poised for a potential sharp decline. For over a month, Pi has faced consistent downward momentum or price consolidation.
Now, it has reached a key support level at $0.516, raising concerns of a possible breakdown.
Current Price Momentum
At press time, Pi crypto was trading near $0.5360 and had recorded a price dip of over 4.75% in the past 24 hours. During this period, participation from traders and investors declined notably, resulting in a 15% drop in trading volume compared to the previous day.
This drop in trading volume, along with the price dip, hints at weak momentum for Pi crypto and increases the likelihood of further downside if the support level fails to hold.
According to expert technical analysis, Pi crypto has reached a key support level at $0.516 and is on the verge of significant downside momentum.
The daily chart reveals that the asset has lost nearly 70% of its value since the beginning of May 2025 and now appears to be continuing its downward trend.
Pi Coin Price Prediction
Based on recent price action, the current level has a strong history of price reversals. However, ongoing market uncertainty and frustration among Pi crypto users suggest that history may not repeat itself this time.
If the current market sentiment remains unchanged and the price falls below $0.516, there is a strong possibility that Pi crypto could experience significant downside momentum, as there is no support below this level.
On the other hand, if sentiment shifts and the price holds above the key support level, there is a strong possibility that history will repeat and Pi crypto will see upward momentum.
At press time, Pi crypto is trading below the 20-day Exponential Moving Average (EMA) on the daily time frame, indicating that the asset is in a downtrend. This further suggests a bearish trend and implies that sellers currently have the upper hand in the market.
Meanwhile, the Relative Strength Index (RSI) stands at 30.50, indicating that the asset is approaching the oversold territory, which may suggest weakening selling pressure or a potential reversal if buyers step in.
Experts’ Views on Pi Crypto
Given the current market sentiment and concerns related to the Pi Network, predictions from experts and analysts have flooded X (formerly Twitter). While some claim that Pi crypto could be the next Bitcoin, others argue that it may be a scam.
Recently, a crypto investor made a post on X, stating, “It’s been a while since I last reminded you… Pi is the next BTC.” This post gained widespread attention from crypto enthusiasts.
Meanwhile, another well-followed crypto expert commented, “Can someone please explain why this PI scam is still sitting at a $7 billion FDV??? And who is actually holding this crap?”
Despite all this, investors still appear to be accumulating Pi crypto. Recently, an on-chain analyst shared a post on X stating, “Another wallet ‘OFM’ has started accumulating PI. It received 1.9 million PI from OKX today. Whales are buying, but the price remains the same—what is going on?”
