The price of Pi Coin continues its downward slide as bearish sentiment dominates the start of July.
Following a 4.56% decline in the past 24 hours, the outlook remains negative for the week ahead, driven by a combination of post-event selling, technical breakdowns, and a broader weakness across altcoins.
Post-Pi2Day Disappointment Fuels Selling
The June 28 Pi2Day announcements initially sparked optimism among Pi Network supporters, thanks to updates such as the AI-integrated Pi App Studio and a new Ecosystem Directory Staking program. However, the absence of any major exchange listings or tangible utility breakthroughs disappointed the community. This lack of follow-through led to rapid profit-taking and a reversal near the $0.54 resistance level, which closely aligned with the 23.6% Fibonacci retracement ($0.54372).
Technical Breakdown Signals Continued Weakness
The technical picture has deteriorated sharply. Pi Coin breached key support levels, falling below both its 7-day simple moving average ($0.557) and 30-day exponential moving average ($0.593). The 7-day RSI has dropped to 34.8, signaling weak momentum and increased downside pressure.
The predictive data from CoinCodex supports this trend:
July 2: Minor uptick to $0.5009, suggesting a short-term bounce. ROI: +2.94%
July 3: Price falls to $0.4495, triggering a short signal. ROI: +7.63%
July 4–6: Accelerated downside continues with price dipping to $0.4132, $0.3951, and $0.3850. The ROI for short trades climbs steadily, peaking at +20.88% by July 6.
Outlook: Short Bias Into Mid-July
Unless Pi Network announces concrete exchange integrations or unlocks real-world utility for its tokens, the path of least resistance remains down. Traders may look to capitalize on short setups through July 6, with potential returns exceeding 20% if the downtrend continues as forecasted.
In summary, Pi Coin’s price outlook for the first week of July remains bearish, with declining momentum, fading hype, and unfavorable sector dynamics all converging against a sustained recovery.
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/pi-coin-price-prediction-for-the-first-week-of-july/