$Pi
$BTC The PI coin is entering a consolidation phase: will the next drop be to $0.7111? In a recent move, the PI network launched a $100 million fund to support PI startups in real use cases such as AI, fintech, and e-commerce. While this move indicates bullish long-term forecasts, the price of the Pi coin dropped after the announcement, causing concern for investors. Accordingly, in the last 48 hours, the PI Core team sold PI tokens worth about $30 million, which could have been done to create the necessary cash flow to cover 50% of the $100 million funding needed for PI network projects. During this time, investors and traders are curious about which direction the PI coin may move in the short term. PI network price analysis (PI COIN): At the time of publication, the Pi coin is changing hands at a price of $0.8701, with a change of -0.51% over the last 24 hours. Despite the daily price decline, the altcoin has still risen by 18.33% over the past week and by 38.51% over the last month. However, in the last 48 hours, the PI token has entered a consolidation phase, reflecting market uncertainty following the large-scale token sale by the founding team. Speaking of which direction PI may move next, the target of $1 remains a key resistance level. If the decline continues, support may be at $0.78, and a drop from there could lead to $0.7111. Also read the PI network (PI) price forecasts for 2025, 2026-2030 for long-term goals! Frequently Asked Questions How much is 1 PI now? The price of PI has fallen by 0.51% to $0.8701 today. Will the price of Pi Coin drop further? If the downward trend continues, the price of PI could drop to $0.78 and fall to $0.7111. Share this cryptocurrency viewpoint with your network!
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