Pi Coin Tumbles to Record Low Amid Weak Market Sentiment and Liquidity Challenges

Pi Coin has plunged to a record low, triggering panic among its community and raising doubts about its long-term value proposition. The token recently traded at $0.4031, having fallen by 1.49% in the past 24 hours. A session low of $0.3972 was briefly recorded before a minor rebound, but the overall price trend remains firmly bearish, with sellers continuing to dominate the market [1].

Technical indicators suggest that the downward pressure is unlikely to ease soon. The Relative Strength Index (RSI) has dropped to 31.69, signaling strong selling momentum and a lack of upward impetus. Pi Coin remains trapped along the lower Bollinger Band, hovering near $0.4000, and continues to trade below the 20-day Simple Moving Average (SMA) of $0.4437. Attempts to break through this key resistance have failed, and the price has not reclaimed this level in over a week [1].

Further resistance is forming at $0.4064, which is now acting as an intraday ceiling. If the price drops below the $0.3970 threshold, it may open the door to deeper declines, particularly if market sentiment fails to stabilize [1].

Despite the negative technical outlook, some analysts are urging patience. Dr. Altcoin, a well-known crypto commentator, has suggested that Pi Coin’s journey mirrors early-stage growth patterns seen in Bitcoin and Ethereum. He argues that many investors in those projects exited prematurely, missing out on massive long-term gains. “Whether you invest in Pi or not, five years will pass before you know it,” he said in a recent post [1].

Dr. Altcoin sees Pi Coin’s current price level as a potential accumulation point and encourages the community to adopt a disciplined, long-term approach. He emphasizes the need for independent research and strategic planning rather than emotional decision-making in volatile conditions [1].

The broader market environment is also playing a role in Pi Coin’s decline. The crypto sector has been under pressure due to macroeconomic factors, including rising interest rates and inflation concerns, which have led to a risk-off sentiment. Pi Coin’s lack of liquidity has compounded the issue, making it highly vulnerable to even modest sell orders. This dynamic has fueled a self-reinforcing cycle of panic selling, further eroding investor confidence [1].

Critics have also pointed to the project’s limited transparency and lack of a clear public exchange listing as obstacles to wider adoption. Without a robust use case beyond speculative trading and minimal developer activity, Pi Coin has struggled to convince skeptics of its long-term potential. These challenges place it in the same category as other speculative altcoins that failed to sustain interest after initial hype [1].

Pi Coin’s current slump highlights the risks inherent in investing in emerging digital assets. While the project aimed to make cryptocurrency more accessible through mobile mining, it may have inadvertently limited its appeal to a broader, more technically-oriented audience. As the market continues to test the token’s fundamentals, the key question remains whether Pi Coin can evolve into a more robust and sustainable project—or whether it will eventually fade like so many before it.

Source: [1] CoinMarketCap (https://coinmarketcap.com/community/articles/688cf96ba1f30c0dc5a8f722/)