Pi Coin Update: PI Coin Slumps to $0.21 After Sharp 1 Month Drop — What Comes Next?

Pi Coin has entered the bearish phase. The coin is trading at $0.21 seeing an effective decline for the last one month. After touching highs near $0.28 the token saw continuous selling pressure lower demand and a rise in circulating supply. This pushed the price down by nearly 9 percent and created concern amongst traders and early miners.

A full breakdown of the latest market data key support and resistance levels and what to expect next is given below.


Pi Coin Price Overview


Pi Coin Update chart

Pi Coin is trading at $0.2117 down 9.09 percent in the last 30 days. The overall sentiment has become weak in the market due to:

  • Increasing circulating supply
  • Declining buying pressure
  • Higher crypto market volatility
  • A sharp correction after the early-month mini rally

The market cap stands at $1.76B with a 24-hour trading volume of $16.82M. Although the volume is somewhat stable it is not strong enough to push Pi Coin back above its resistance zones.


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Why Pi Coin Is Falling

1. Circulating Supply Is Increasing

More Pi tokens being introduced to the market mean further selling pressure. With increased supply the price will typically suffer unless demand also rises at the same rate.

2. Weak Retail Demand

With repeated failed breakouts many traders are waiting for stronger price confirmation.

3. No Major Project Update

Pi Network still lacks real-world utility and the transition to Mainnet is slow. Such delays drag on confidence and long-term growth.

4. Larger Market Weakness

When Bitcoin Ethereum and major altcoins fall it is common to see smaller coins like Pi drop harder.


Key Levels to Watch

Resistance Zones

$0.23 — First major resistance
$0.25 — Strong breakout level

A close above $0.23 may induce fresh buying interest.

Support Zones

$0.20 — Critical support
$0.18 — Next support if 0.20 breaks

The downtrend could accelerate if Pi Coin slips below $0.20.


What Comes Next?

Where Pi Coin goes from here will be contingent upon

1. Market Demand Returning

If buyers re-enter near $0.20 Pi could recover toward $0.23 and $0.25.

2. New Pi Network Announcements

Mainnet progress exchange listings and real utility can all boost investor confidence.

3. Bitcoins Trend

Most altcoins take their direction from Bitcoin therefore a rebound in BTC might help Pi Coin stabilize.

4. Whale Activity

Any large wallet movement can trigger short-term spikes or drops.


Short-Term Prediction

Bullish Scenario

If Pi Coin breaks $0.23 the next target becomes $0.25.

Bearish Scenario

If Pi Coin falls below $0.20 it could revisit the $0.18 price level.

Neutral Scenario

Price remains within the range of $0.20 to $0.23 with sideways trading.


Q&A

Q1: Why did Pi Coin drop this month?

Pi Coin fell due to increasing circulating supply weak demand and a failed breakout from the $0.28 zone. This was also an effect of overall market pressure.

Q2: Can Pi Coin go back to $0.25?

Yes Pi Coin can recover towards $0.25 but it needs to break above $0.23 with strong volume and fresh buyer support.

Q3: Is $0.20 a strong support level?

Yeah $0.20 forms a critical psychological and technical support level. A break below it may further drop Pi.

Q4: Should traders buy now?

Buying is based on a risk level basis. Many traders are waiting for confirmation above $0.23 before long positions.


Conclusion

Pi Coin is feeling the heat after a sharp one-month decline to $0.21. The trend remains weak and key levels like $0.20 or $0.23 will determine the next course of action. Recovery attempts may be made on improvements in demand or any positive announcement from the Pi Network. Until then traders are best suited keeping an eye on major support zones with caution.

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