While this marks a 53% drop in CoinMarketCap’s one-month tracking, the bulk of this decline occurred in the first two weeks of the slide, followed by relative stabilization.
Price Performance: A Quick Recap
Pi Coin began its descent shortly after peaking at $1.11 around mid-May. Within just four days, it fell below $0.70, triggering concern among traders. By the end of May, the coin hovered around $0.55, where it has largely remained into mid-June with only minor fluctuations.
Despite this apparent bottoming out, the lack of upward momentum suggests continued market uncertainty. Volume spikes—most recently a 269% surge—indicate some speculative interest, but not enough to offset broader selling pressure.
What to Watch Going Forward
1. Support Zone Stability:
The $0.52–$0.55 range now acts as Pi Coin’s critical support. A sustained drop below this band could trigger further downside toward $0.45 or even lower.
2. Breakout Attempts:
Any rally above the $0.60 mark may signal a short-term trend reversal. However, it would need strong volume and positive market sentiment to push toward former highs.
3. External Catalysts:
News of listings, ecosystem expansion, or improved transparency from the Pi Network team could influence recovery. Without such developments, traders may remain cautious.
Conclusion
Pi Coin’s 40%+ monthly loss reflects both aggressive profit-taking and waning investor confidence. While it may be nearing a local floor, confirmation will depend on sustained support and renewed market catalysts.
As always, this analysis is not investment advice. Traders should evaluate risks carefully and stay updated on project fundamentals and broader crypto sentiment.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/pi-coin-lost-50-of-its-value-in-the-past-month-what-to-watch-out-for/