Is Pi Coin Poised To Hit $0.3 Ahead?

Pi Network price has lost more than 13% today amid a broader crypto market crash, falling to as low as $0.53. This drop has fueled investors’ concern, as they were expecting a strong recovery in Pi Coin’s value this week. On the other hand, a market expert has predicted a potential dip to $0.3 for the asset, while saying that the recovery might not start anytime soon.

Pi Network Price Retreat: Here’s All

The investors are keeping close track of the Pi Network price, especially as the crypto has continued to fall over the past few weeks. Notably, the crypto reached as high as $3 before wiping off much of its gain, with many urging the Pi Core team to help revive the asset’s price through token burns.

As of writing, Pi price was down more than 13% and traded at $0.55, after falling to as low as $0.53 in the last 24 hours. Notably, the crypto’s trading volume from yesterday also recorded a slump of over 57% to $469 million.

Meanwhile, the dip comes amid a broader crypto market crash, which resulted in a liquidation of $1.4 billion in the last 24 hours. Besides, the robust Pi Coin unlocks since its launch has further weighed on the investors’ sentiment, potentially dragging down the crypto’s price. However, despite that, the investors were hopeful for a strong recovery this week, which appears to have faded by the recent performance.

Why Investors Were Hoping For Pi Network Recovery?

The Pi Coin unlocks will be at their lowest from April 7 to April 11, which has fueled optimism over a potential recovery, PiScan data showed. Only about 1.5 million Pi tokens are scheduled to get unlocked daily during this period, as compared to the monthly highest unlock of 9.8 million Pi, scheduled for April 18.

With this lower influx into the market, the investors were anticipating a strong recovery in the Pi Network price. However, it appears that despite the lower unlocks, a lack of any crucial announcement from the Pi Core Team has dampened the market sentiment. Besides, the absence of any major exchange listings has further dampened the market sentiment.

Is Pi Coin Poised To Hit $0.3?

With Pi Network price continuing its fall, the investors are keeping close track of the future movement of the crypto. Amid this, a renowned Pi enthusiast and market expert has predicted a potential slump to $0.3 in the coming days.

For context, prominent crypto analyst Dr. Altcoin has issued a stark warning to Pi Coin investors, predicting a significant price drop to $0.30 or lower in the coming days. According to his analysis, the lack of substantial changes to Pi’s tokenomics and the absence of major announcements or partnerships by the Core Team will likely trigger this downturn.

Meanwhile, the influx of unlocked Pi coins to centralized exchanges (CEXs) is expected to exacerbate the situation, leading to increased selling pressure. Dr. Altcoin’s forecast suggests that investors should prepare for a prolonged period of stagnation, with no signs of recovery until the end of August 2025.

This forecast has significant implications for Pi Coin holders, who are eagerly awaiting a price surge. Besides, it also comes in tandem with a recent Pi price prediction, which suggests a bearish road ahead for the asset, unless any significant announcement helps boost the market sentiment.

✓ Share:

Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.