$Pi
PI Coin enters the consolidation phase: Is a drop to $0.7111 next? In a recent move, PI Network launched a $100 million project fund to support PI startups in real-world use cases such as AI, Fintech, and e-commerce. Although this move indicates long-term bullish prospects, the price of Pi Coin has dropped after the announcement, which was a concern for investors. Consequently, in the past 48 hours, the PI Core team sold approximately 30 million PI tokens, which can be done to create the necessary cash flow to cover 50% of the $100 million funding required for PI Network projects. Amid this, investors and traders are curious about where the PI Coin could be headed in the short term. PI Network (PI COIN) Price Analysis: At the time of publication, Pi Coin is changing hands at $0.8701, with a change of -0.51% in the past 24 hours. Despite the daily price drop, the altcoin is still up 18.33% over the past week and 38.51% over the past month. However, over the past 48 hours, the PI token has entered a consolidation phase, reflecting market hesitation following a large-scale 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 may hold at $0.78, and a decline from here could lead to $0.7111. Also read PI Network (PI) price predictions for 2025, 2026-2030 for long-term targets! FAQs How much is 1 PI Coin now? The price of PI has dropped today by 0.51% to $0.8701. Will the price of Pi Coin drop further? If the downtrend continues, the price of PI could drop to $0.78 and retreat to $0.7111. Share this crypto insight with your network!
#Today #Price #Network #Why #Dropped