Pi Coin Drops 13% Amid Israel Iran Tensions

The crypto market experienced a downturn today following Israel’s latest strike on Iran, leading to widespread sell-offs. Bitcoin dropped 3.5% to $104,209, while major altcoins fell between 6% and 9%. Pi Coin also saw a significant decline, dropping around 13% in the last 24 hours and now trading at $0.5506.

Analyst Dr. Altcoin attributed the strike's direct impact on Pi and the broader market, warning that further price declines could occur if Iran retaliates. Over the past week, Pi has decreased by 11%, and it has lost 56% of its value over the past month.

The conflict in Iran, combined with delays in the Pi mapping migration in Chinese-speaking regions, may have contributed to the sharp drop. However, this situation could also present an opportunity to acquire Pi at a discounted price.

Pi coin appears to be in a clear downtrend due to both macro tensions and technical weakness. Most technical indicators are signaling a sell, as it is currently trading below all major short-term and mid-term EMAs and SMAs (from the 10-day to the 100-day range). The MACD and Momentum indicators also suggest further downside, while the RSI at 32 indicates that Pi is nearing oversold territory. Unless market sentiment improves or strong buying returns, the bearish trend is expected to continue.

There have been rising doubts around its valuation model. Dr. Altcoin has dismissed the idea of a Global Consensus Value (GCV) as completely unrealistic and an "economic impossibility." Many users expect the Core Team to address the GCV debate on the upcoming Pi2Day on June 28, 2025, as the Pi open mainnet launch is anticipated within the same timeframe.

Analysts warn that without a major update, the price could fall further to $0.40 by late August. However, a recovery may follow as token unlocking slows down during the same period, which could reduce selling pressure and help restore investor confidence. Updates on mainnet activation, merchant tools, or GCV clarity could reshape how Pi is perceived and valued. A broader crypto market rally, rising social media activity, or a possible exchange listing could also trigger a short squeeze similar to what was seen with other coins.

Pi Network, a cryptocurrency project, experienced a significant drop of 13% following the escalation of tensions between Israel and Iran. The price decline was attributed to the broader market reaction to geopolitical instability, which often leads to increased volatility in digital assets. The sudden drop in Pi Network's value highlights the sensitivity of cryptocurrencies to global events, particularly those involving military conflicts.

The impact of the Israel-Iran airstrikes was not limited to Pi Network. The broader cryptocurrency market also saw a sharp decline, with major digital assets experiencing liquidations and mass selling. This market-wide reaction underscores the interconnected nature of the cryptocurrency ecosystem, where events affecting one asset can have ripple effects across the entire market.

Analysts have warned that without a major update or positive news, Pi Network's price could continue to fall. According to the analysts' forecast, the price could drop further to $0.40 by late August. However, there is also a possibility of a recovery if the market stabilizes and investor confidence returns. The future trajectory of Pi Network's price will depend on various factors, including market sentiment, regulatory developments, and the project's own updates and developments.

The recent events serve as a reminder of the inherent risks associated with investing in cryptocurrencies. While digital assets offer the potential for high returns, they are also subject to significant volatility and uncertainty. Investors in Pi Network and other cryptocurrencies should be prepared for price fluctuations and consider the potential impact of geopolitical events on their investments.