📉 Pi Coin Plunges: $14B Market Cap Wiped in 3 Months⚡
⚠️ Key Highlights
🔹Market Cap Collapse: Pi Coin's market capitalization has plummeted from nearly $20 billion to just over $4 billion since its mainnet launch in February 2025.
🔹Price Free fall: The token's price has nosedived over 80%, from an all-time high of $2.99 to approximately $0.71.
🔹Bearish Technical Indicators: Multiple indicators, including RSI, OBV, and CMF, signal continued downward pressure, with a potential drop to $0.40 on the horizon.
📊 Technical Analysis
🔹Relative Strength Index (RSI): Currently at 39.78, indicating weakening momentum and positioning the token just above oversold territory.
🔹On-Balance Volume (OBV): Decreased by 15% in the past week, pointing to declining accumulation and reduced buyer interest.
🔹Chaikin Money Flow (CMF): At -0.15, reflecting strong sell-side pressure in the PI spot markets.
🧨 Contributing Factors
🔹Token Unlocks: Over 1.5 billion PI tokens are set to be unlocked within the next year, increasing the total supply to 8 billion and placing downward pressure on the token's value.
Brave New Coin
🔹Lack of Major Exchange Listings: Absence from top-tier platforms like Binance and Coinbase limits liquidity and market confidence.
🔹Market Sentiment: Prevailing negative sentiment, reflected in technical analyses, contributes to downward pressure.
🔮 Outlook
With technical indicators and market conditions signaling continued bearish momentum, Pi Coin faces the possibility of revisiting its all-time low of $0.40. Investors should exercise caution and conduct thorough research before making investment decisions.
