Pi Coin is currently facing difficulties, showing signs of weakness in the market. This article analyzes current trends, network demands, and long-term forecasts.
Market Condition of Pi Coin
Pi Coin is showing a bearish trend, currently trading at $0.5745, down 4.5% in the past 24 hours. The RSI is at 35, indicating Pi is nearing overbought territory. It has been trading sideways since May, and is down 20% in the past month. The key support level is at $0.56.
Requirements and Volumes of Pi Network
Demand for Pi Network has also decreased in recent months. At its peak, the daily trading volume exceeded $3 billion, but currently, it is just over $100 million. This drop is due to millions of new tokens being unlocked daily, which continues to add selling pressure. According to Pi Scan, over 337 million tokens are set to be unlocked in the next 30 days.
Future Forecasts for Pi Coin
Some analysts remain extremely bullish on Pi Coin's long-term potential. Dr. Altcoin predicts Pi could reach $314 in five years based on its strong community and fundamentals. Bitget predicts an even more bullish $500–$1,000+ by 2030 driven by DeFi and fintech integration. According to CoinDCX, Pi Coin could reach $20–$50 by 2040 if it sees exponential adoption.
In conclusion, Pi Coin is currently facing several challenges, including price decline and trading volume decrease. However, some experts see growth potential in the future if it successfully integrates and gains wider acceptance.
