Pi Coin recently hit a new low of 0.34 USD, facing strong downward pressure due to the continuous unlocking of Tokens negatively impacting the price trend.
Pi Coin's price is dropping sharply compared to many other altcoins as it fails to break through the 50-day moving average, along with the gradual increase in balances on centralized exchanges raising short-term sell-off risks.
MAIN CONTENT
Pi Coin has broken important support at 0.44 USD, creating the risk of dropping further to 0.26 USD.
Price below the 50-day SMA indicates that sellers dominate, creating a short-term downward trend.
Whale activity with large trades and withdrawing Tokens from exchanges attracts market attention.
How is Pi Coin under downward price pressure?
Pi Coin has just broken the important support area around 0.44 USD after forming a descending triangle pattern with resistance around 0.74 USD and support at 0.44 USD. Losing this support opens the path for a potential further decline of 40%, nearing the 0.26 USD level – a new low.
Downward pressure mainly comes from Pi Coin's inability to break above the 50-day SMA, indicating weak buying momentum and seller dominance. Furthermore, the strong increase in the number of Tokens held on centralized exchanges further raises concerns about short-term sell-off trends.
Pi Coin could witness a sharp price drop of 40% if it fails to maintain the current support level, and the situation could worsen next month.
Kosasi Nakamoto, cryptocurrency market analyst, 16/7/2025
What are the reasons for Pi Coin's continuous price drop?
The fact that Pi Coin maintains a price below the 50-day SMA is a key factor leading to increased sell pressure. When this level is not broken, buyers become cautious and lack the strength to push the price up.
In addition, the increase in Pi Coin balances on CEX exchanges implies that many investors are preparing to sell. This is a bad signal for the short-term trend, contributing to Pi's continued weakness compared to many other altcoins over the past week.
Is there any possibility for Pi Coin's price recovery?
If Pi Coin can regain the 50-day SMA along with a strong increase in trading volume, this will be a positive sign indicating a trend reversal, creating opportunities for a price increase back to the 0.74 USD range or higher.
The broader cryptocurrency market is also reacting to global news and whale volatility. According to Dr. Altcoin, Pi's price may recover above the 0.40 USD threshold in the near future, emphasizing that this is a buying opportunity after the recent drop.
This drop may be an immediate reaction from large whales; I expect Pi Coin's price to soon rebound above 0.40 USD, creating a buying opportunity.
Dr. Altcoin, cryptocurrency expert, mid-2025
How does whale activity affect the Pi Coin market?
A cryptocurrency whale has bought a large amount of Pi Coin worth 148 million USD while withdrawing millions of Tokens from major exchanges since April this year. This action reflects strong confidence in the coin, attracting attention and generating positive expectations from the market.
Although the true identity of the buyer remains unknown, this transaction could signal a potential price increase or at least greater stability in the near future.
Frequently Asked Questions
What is the current price of Pi Coin?
Pi Coin is trading around 0.34 USD, at a new low compared to previous support levels.
Why has Pi Coin's price dropped sharply recently?
The main reason is that the price has not surpassed the 50-day SMA and the continuous unlocking of Tokens creates sell pressure.
Does Pi Coin have the potential to recover?
If Pi Coin regains the 50-day SMA and trading volume increases, there is a possibility that the price will rise back close to 0.74 USD.
How does whale activity affect Pi Coin?
Whales buying in large amounts and withdrawing Tokens from exchanges increase market attention, potentially providing some price support.
Who predicts Pi Coin will drop 40%?
Analyst Kosasi Nakamoto warns of a 40% downside risk if important support is not maintained in July 2025.
Source: https://tintucbitcoin.com/gia-tien-dien-tu-rot-day-ky-luc/
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