Pi Coin Price Crash Below Key Support: Is a $0.40 Crash Ahead?

Pi Network Price Prediction: What’s Driving the Recent Price Crash?

The sharp downtrend movement has been experienced by Pi Network after it lost over 80% of its value from a local top of almost $3 in February. The altcoin had rallied about 300% to $1.67 in early May, but the alt has since fallen to just $0.61 today, dropping another 10%, breaking down from its critical support set at $0.65.

With the numerous headwinds in place, ranging from global macro tensions to internal project uncertainty, investors are wondering: Will PI hold or will it spiral deeper into decline?

Why Pi Coin Is Facing Heavy Selling Pressure

Several factors are causing the current downfall of the altcoin. The wider cryptocurrency market now operates on the sidelines as geopolitical uncertainties increase-biggest being the Trump-era tariff war resurfacing between the U.S. and China. This creates caution in the minds of investors, stimulating more of a sell-off among major altcoins, including Pi Network.

Secondly, more token unlocks are contributing to bearishness on the coin. Per the on-chain data, September will see an unlock of over 274.3 million tokens, with 1.53 billion set to be unlocked over the next 12 months. With supply on the rise, and demand keeping low, the prices are being pushed lower-the classic setup for a prolonged bearish move.

Source: Piscan

Analyst Dr Altcoin Warns: $0.40 May Be Next Without Transparency

Prominent crypto analyst Dr Altcoin issued a serious warning via X (formerly Twitter), sending a negative sign to effect that PiCoin can fall down to $0.40 by the end of August unless the Pi Core Team becomes transparent. His concerns find resonance for thousands of investors among whom there is still great trust in the project whosoever since long-term confidence is built by the holders basically. 

At the time he tweeted, the token was trading at $0.7246, down by 0.95% in the market, with visible weakness in the hourly charts. His bearish call comes in at a moment when the unblockable Pi Network team only has months to attend to community concerns and restore transparency before negative sentiment deepens.

Key Levels to Watch: Will $0.60 Hold or Break?

The altcoin is currently trading slightly above the local range support of $0.60-$0.59. Failing to hold this very crucial zone might result in a drop to $0.50, with $0.40 being the further deep support, according to technical indicators - matching the bearish thesis of Dr Altcoin.

The Relative Strength Index (RSI) and MACD on lower timeframes impart a bearish tone, indicating seller dominance. Meanwhile, the recent dip below the 50 SMA on the daily chart confirms the firm bearish structure for the near term.

Source: TradingView

What Could Trigger a Bullish Reversal?

Despite the bearish setting, one cannot write off a comeback just yet. If the coin successfully reclaims $0.65 and converts it into a support, buying interest will be restored. Thereafter, a close and further breakout of $0.78 will officially invalidate the existing downtrend and pave the way for a recovery towards the $0.90–$1.00 zone.

For this to happen, the Pi Core Team must do something concrete to fix transparency, roadmap visibility, and listing clarity. Any formal announcement with respect to mainnet launch progress or exchange listings could give markets much-needed momentum to go bullish.

Pi Coin Price Prediction: Bearish Continuation or a Surprise Rebound?

The price forecast for the Pi Network is bearish unless some key catalysts turn the sentiment. Downside risk would continue for the token in the months of June and July, especially if the supply keeps on inflating with stagnant demand. A breakdown of $0.59 may hasten the bear move toward $0.50 or less.

If transparent news is issued to the community and some strong fundamentals come into play, bulls may retake control. Some interim rally may be felt with the reclaiming of $0.65 and a close above $0.78, which would immediately negate the bearish structure.