The price of Pi Coin shows weak dynamics and is testing support levels amid significant fluctuations. This article examines current trends and analyst opinions.
Price Support Issues
In recent weeks, the price of Pi Coin has been fluctuating between $0.688 and $0.816. Short-term exponential and simple moving averages are above the price, indicating bearish control.
Coin Unlock Schedule
In June, 263 million Pi coins are set to be unlocked, followed by 233 million in July and 132 million in August. This significant volume encourages miners to act swiftly due to limited demand.
Analysts' Outlook on Prospects
Analyst CoinDCX predicts that if demand revitalizes, Pi Coin could quickly bounce to the $1 to $1.20 range. However, warnings are also in place about a potential drop to $0.40 if transparency issues persist.
While it’s expected that buyer interest may increase, the future of Pi Coin relies on technical indicators and market demand recovery.
