Pi Coin is struggling in a bearish market. Currently trading at $0.6448, major technical indicators such as MACD and moving averages are all showing a downward trend. Only a few indicators suggest the possibility of a rebound.
On the 4-hour chart, Pi Coin is showing a typical bearish pattern of an inverted cup and handle. Currently trading below the 50-day moving average, if the $0.5547 level breaks, additional decline to the $0.40 range is expected.
The main reason for this weakness is the increase in market supply. Over the next 30 days, an additional 280 million tokens are expected to be circulated. Additionally, the lack of practical ecosystem apps is making it difficult to create long-term value.
Even on Pi Network's anniversary on June 28th, there are no special events or announcements planned, making it difficult to find short-term upward momentum. Currently, there are only 27 active nodes, and over 300 nodes are disconnected. It is known that the Pi Foundation holds 9.2 billion coins through more than 2,000 wallets, raising concerns about centralization.
CoinCodex predicts that the Pi Network price will move between $0.51 and $1.76 in 2026. The average annual price is expected to be $1.07. CoinDCX predicts a range between $3.8 and $5.9, assuming ecosystem strengthening and increased adoption.
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