The price of Pi Coin continues to decline, reaching an all-time low. Key reasons for this include token sell-offs and migration difficulties.
Current Situation with Pi Coin Price
Over the past two months, Pi Coin’s price has dropped 44%, significantly erasing its post-launch gains. The breakdown below the $0.38 support level has unsettled technical analysts. Some experts warn of a possible drop toward $0.21 if buying momentum does not return. The Relative Strength Index (RSI) has fallen to 12.15, suggesting deep oversold conditions. A push back above $0.38 could trigger short covering and a rally toward $0.45, but currently, sellers remain in control.
Community Sentiments and Team Criticism
Frustrations are growing in the community regarding the lockup plan launched by the Pi team under Drs. Nicolas Kokkalis and Chengdiao Fan. Many users view this move as poorly timed amid the token’s 90% decline since February. Migration bottlenecks have left many willing participants unable to join, exacerbating the frustration.
Future of Pi Coin
The immediate future of Pi Coin will depend on whether the network can accelerate user migration and roll out high-utility applications that attract real demand. Until then, the token remains at the mercy of its inflationary supply curve and the patience of its community.
The state of Pi Coin remains uncertain. However, the token's fate will rely on further developmental support and increasing its user base.