#BigTechStablecoin
As of June 7, 2025, Pi Network (PI) is trading at approximately $0.6246, reflecting a slight increase of 0.83% over the past 24 hours.
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📉 Market Overview
Current Price: $0.6246
24h Range: $0.6119 – $0.6257
7-Day Change: Approximately -9%
Market Cap: ~$4.56 billion
Circulating Supply: ~7.34 billion PI
The price has been under pressure due to increased token unlocks and rising exchange inflows, indicating potential selling pressure.
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🔮 Analyst Insights
Short-Term Forecast: Analysts predict a potential drop to $0.16 if key support levels fail.
June 2025 Prediction: Price expected to range between $0.57 and $0.85, with an average around $0.61.
Long-Term Outlook: Optimistic projections suggest PI could reach $500 to $1,000 by 2030, contingent on widespread adoption and ecosystem development.
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📈 Technical Indicators
Moving Averages: All key EMAs and SMAs (10, 20, 50, 100-day) are above the current price, indicating a bearish trend.
MACD: Negative, suggesting downward momentum.
RSI: Neutral at 43.6, indicating neither overbought nor oversold conditions.
Bollinger Bands: Tightening, which may precede a significant price movement.
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✅ Summary
Pi Network is currently experiencing a bearish phase, with short-term forecasts indicating potential further declines. However, long-term prospects remain optimistic, hinging on successful mainnet developments and increased adoption. Investors should monitor key support levels and market indicators closely