Pi Coin Faces Continued Downtrend Amid Market Challenges

Pi Coin Price Struggles: A Bearish Trend Continues

Pi Coin has been facing a sustained decline, with its value nearing the critical $1 threshold. This follows a high of $2.98 in February, as broader market conditions and low internal buying pressure have driven the price downward. As global economic uncertainties persist, the lack of strong demand for Pi suggests a further potential dip.

Will the Token Unlock Drive Prices Lower?

One of the major upcoming concerns is the unlocking of 129 million Pi tokens, adding approximately $140.61 million worth of tokens to the market. Historically, large token releases have resulted in price drops due to increased supply without a matching demand surge.

With Pi already under sell pressure, this event could push prices even lower unless new buyers step in. If the $1.05 support level is broken, Pi could dip below $1, marking a significant psychological and technical level for investors.

Could a Binance Listing Turn Things Around?

A recent Binance community vote showed an 86% approval rate for listing Pi. However, Binance has yet to make an official statement, leaving investors uncertain about its potential listing.

If Binance decides to list Pi, the influx of new liquidity and trading volume could drive a price surge. However, until an official announcement is made, doubts about Pi’s growth potential remain.

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Technical Analysis: Key Levels to Watch

📉 Current Downtrend Indicators:

• Bollinger Bands show Pi has dipped below the $1.12 lower band, confirming a continued downtrend.
• Key support at $1.05—a break below this level could see Pi dropping below $1.
• RSI shows an oversold condition, suggesting a potential reversal if buying momentum picks up.

📈 Potential Recovery Levels:

• A move past $1.23 resistance could indicate a reversal.
• Breaking $1.36 resistance could push Pi towards $1.60.

Pi Domains: A New Utility for PI Tokens

Despite the bearish sentiment, **Pi Network’s latest innovation—Pi Domains—**could boost Pi’s utility. These blockchain-based domains allow for e-commerce transactions using Pi tokens, potentially increasing adoption.

For Pi to regain momentum and possibly return to its all-time high of $5.26, it needs stronger liquidity, increased utility, and widespread adoption.

The Road Ahead for Pi Coin

Near-term risk: If Pi breaks below $1.05, further declines could follow.
Potential upside: If Pi surpasses $1.36, a rebound to $1.60 is possible.
Innovation is key: More utility-focused developments like Pi Domains could drive long-term growth.

Will Pi survive the downtrend, or is a deeper crash inevitable? Share your thoughts below!