PI Coin enters the consolidation phase: Is a drop to $0.7111 next? In a recent step, 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 problem for investors. Accordingly, during 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. In the midst of this, investors and traders are curious about where the PI Coin could head 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 last 24 hours. Despite the daily price drop, the altcoin is still up 18.33% over the past week and 38.51% over the last 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 main resistance. If the dip worsens, support may hold at $0.78, which could lead to a drop from here to $0.7111. Also read PI Network (PI) price predictions for 2025, 2026-2030 for long-term targets! FAQ: 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 may drop to $0.78 and retreat to $0.7111. Share this crypto insight with your network!
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