Pi Coin (PI) price slipped below the crucial $0.50 level again this week, deepening its bearish streak as rising stablecoin adoption eats into Pi Network’s growth narrative. At the time of writing, Pi trades at $0.4908, down over 3% in the past 24 hours, with daily trading volume easing to $92.6 million. While Pi hovers between $0.5142 and $0.4834, its Relative Strength Index (RSI) sits at 35, signaling the token is entering oversold territory. Historically, this often creates buying opportunities for traders looking to re-enter at lower levels.
Stablecoins Squeeze Pi’s Appeal
Renowned crypto analyst Kim H Wong explained that the explosive popularity of stablecoins is a core reason Pi struggles to hold momentum. With stablecoins like USDT and USDC pegged to real-world assets, they offer unmatched price stability, strong regulatory clarity, and wide adoption that Pi Network’s model currently lacks.
The passage of the GENIUS Act in the US Senate has further boosted investor confidence in stablecoins, giving them an edge over volatile tokens like Pi Coin.
Still, Wong pointed out that Pi Network’s mobile-first mining, massive 65 million user base, and simple referral system remain unique strengths that could support future growth. Pi’s recent rollout of its AI-powered Pi App Studio, which allows no-code app creation, is seen as a big step toward building real-world use cases that can compete with stablecoins.
Can Pi Coin Break $0.4?
The biggest fear among Pi holders now is whether the price could crash below its all-time low of $0.4012. While market sentiment is shaky, one veteran analyst dismissed these concerns, noting that the Pi Core Team controls nearly 90% of the total supply and is unlikely to let the token slip under $0.40.
If Pi Coin were to lose that level, its market cap could tumble out of the top 30 crypto assets, denting investor confidence further. To prevent that, the core team is expected to hold the floor above $0.4, keeping Pi relevant and positioned for a potential rebound.
Meanwhile, the wider crypto market remains cautious. The total crypto market cap fell 0.6% today to $3.29 trillion, with Bitcoin and Ethereum both seeing slight losses.
Outlook: Oversold May Mean Opportunity
While Pi Coin faces intense competition from stablecoins, its oversold RSI and strong core team backing hint that a short-term bounce is possible. Long-term recovery will depend on how effectively Pi Network can deliver real-world utility through its expanding ecosystem.
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