اليوم

PI Coin enters the consolidation phase: is the next drop to $0.7111? In a recent move, PI Network launched a $100 million project fund to support PI startup use cases in the real world such as AI, Fintech, and e-commerce. Although this move indicates bullish expectations in the longer term, the price of Pi Coin fell after the announcement, which was a concern for investors. Consequently, over the past 48 hours, the PI Core team sold approximately 30 million PI tokens, which can be done to create the required cash flow to cover 50% of the $100 million funding needed for PI Network projects. Amidst this, investors and traders are curious about where the PI coin might head in the short term. PI Network (PI COIN) price analysis: At the time of publication, Coin Pi is changing hands at $0.8701, changing by -0.51% in the past 24 hours. Despite the daily price drop, the Altcoin still rises by 18.33% over the past week and 38.51% over the past month. However, during the past 48 hours, the PI token entered a consolidation phase, reflecting market hesitation following the widespread token sale by the core team. Speaking of where PI is headed next, the $1 target remains the key resistance. If the dip worsens, support might hold at $0.78, and a drop from here could lead to $0.7111. Also read the price predictions for PI Network (PI) 2025, 2026-2030 for long-term goals! FAQs: What is the current price of 1 PI coin? The price of PI fell today by 0.51% to $0.8701. Will the price of Pi Coin drop further? If the downward trend continues, the price of PI could drop to $0.78 and retreat to $0.7111. Share this crypto insight with your network!