Pi Coin's Next Crash Trigger: Co-Founder's Token 2049 Speech Looms

Pi Coin faces a heightened risk of a 30% price correction as bearish technical patterns and weakening market fundamentals converge with critical support levels. The cryptocurrency, currently trading near $0.26, has seen a nearly 24% monthly decline, with flat trading volumes and declining social dominance metrics signaling prolonged seller control. Analysts warn that a breakdown below the $0.25 support level could trigger a rapid descent to $0.22 and potentially $0.18, a 30% drop from current levels Pi Coin Price Faces 30% Crash Risk As Bearish Patterns Clash With A Key Support^[1].

Technical indicators underscore the vulnerability. The price is trapped in a descending triangle pattern, characterized by lower highs and a static support level. This structure, historically associated with bearish outcomes, is reinforced by the Relative Strength Index (RSI), which has shown a divergence: while the RSI has edged higher, the price continues to form lower highs, indicating weakening buyer momentum Pi Coin Price Faces 30% Crash Risk As Bearish Patterns Clash With A Key Support^[1]. Wyckoff volume analysis-a tool for assessing buyer-seller dynamics-also highlights a shift to "yellow" and "red" zones, phases that typically precede deeper corrections. In past rallies, blue or green signals (buyer strength) have been absent, further confirming the dominance of sellers Pi Coin Price Faces 30% Crash Risk As Bearish Patterns Clash With A Key Support^[1].

Market sentiment has deteriorated sharply, with social dominance-a measure of trader chatter-plummeting from 0.234% on September 26 to 0.07% by October 3. This decline mirrors prior turning points, such as the September 19 drop that saw the price fall from $0.36 to $0.26 within days. Analysts note that low social dominance often precedes capitulation, as reduced attention from traders correlates with prolonged price weakness Pi Coin Price Faces 30% Crash Risk As Bearish Patterns Clash With A Key Support^[1]. The pattern has repeated in recent weeks, with similar dips on September 14 and October 3, suggesting a cyclical erosion of demand.

The bearish outlook is compounded by on-chain activity. Over the past three months, centralized exchange (CEX) reserves of Pi Network tokens have surged by 30%, from 263 million to 345 million coins. This influx of supply, coupled with a 90% drop in trading volume to under $500 million from $5.4 billion in late August, signals weak demand and heightened sell pressure. Analysts attribute the CEX inflow to potential offloading by the Pi Foundation team, raising concerns about further dumping Pi Network Price At Risk Of A Crash As CEX Reserves Jump By 30%^[2]. Meanwhile, the token's market cap has fallen to $4.13 billion, with its price down 1.4% in the last 24 hours Pi Network Price At Risk Of A Crash As CEX Reserves Jump By 30%^[2].

Historical events also loom large. Pi Network's co-founders have been linked to sharp price declines during public appearances. For instance, Nicolas Kokkalis's speech at Consensus 2025 triggered a 42% drop in the following week, while a recent Seoul meetup led to a 20% pullback. The upcoming Token 2049 event in Singapore, where co-founder Chengdiao Fan will speak, has intensified fears of another correction. The token is already down 91% from its $2.78 all-time high in February, with its market cap rank slipping to 68th PI Crypto Set For HUGE Crash Due To Founders Token 2049 Curse^[3].

If the $0.25 support holds, buyers may attempt a short-term rebound to $0.27, potentially extending to $0.29 or $0.32. However, the absence of a major update or bullish catalyst by June 28, as highlighted by analyst Dr. Altcoin, could see the price fall to $0.40 Pi Network Price At Risk Of A Crash As CEX Reserves Jump By 30%^[2]. The broader bearish context-marked by weak volume, declining social dominance, and a fragile technical structure-suggests that stability is contingent on a swift reversal in buyer sentiment, a scenario currently absent.