Pi Coin Drops 4.56% Amid Post-Event Selling Weakness

Pi Coin's price outlook for the first week of July is bearish, with the token experiencing a 4.56% decline in the past 24 hours. This downturn is driven by post-event selling, technical breakdowns, and broader weakness across altcoins. The recent Pi2Day announcements, which included updates such as the AI-integrated Pi App Studio and a new Ecosystem Directory Staking program, initially sparked optimism. However, the absence of major exchange listings or tangible utility breakthroughs led to disappointment among the community. This lack of follow-through resulted in rapid profit-taking and a reversal near the $0.54 resistance level, which closely aligned with the 23.6% Fibonacci retracement.

The technical picture for Pi Coin has deteriorated sharply. The token breached key support levels, falling below both its 7-day simple moving average and 30-day exponential moving average. The 7-day RSI has dropped to 34.8, signaling weak momentum and increased downside pressure. Predictive data from CoinCodex supports this trend, with a minor uptick to $0.5009 on July 2, followed by a price fall to $0.4495 on July 3, triggering a short signal. The downside continues with the price dipping to $0.4132, $0.3951, and $0.3850 from July 4 to July 6. The ROI for short trades climbs steadily, peaking at +20.88% by July 6.

Unless Pi Network announces concrete exchange integrations or unlocks real-world utility for its tokens, the path of least resistance remains down. Traders may look to capitalize on short setups through July 6, with potential returns exceeding 20% if the downtrend continues as forecasted. The recent release of the AI-powered Pi App Studio on Pi2Day did not boost bullish sentiment as expected. The Pi Coin price has dropped by 4% in the past 24 hours, reaching $0.5104, while the overall crypto market declined by 1.5%. Despite these losses, Pi Network has been making steady improvements, with recent updates enhancing its usability and fundamentals. The platform introduced two new features on Pi2Day: an AI-powered app development studio that allows anyone to create Pi apps without coding, and Ecosystem Directory Staking, which enables users to boost a given app’s ranking by staking PI. However, the wider crypto ecosystem has not shown much enthusiasm for these upgrades, with PI continuing to show weakness. Its Relative Strength Index (RSI) has dropped from 70 to just under 40, and its moving average convergence divergence (MACD) has also begun declining. This suggests that the Pi Coin price could slip below $0.50 in the next week or so, potentially reaching $0.45 or $0.40 before bottoming out.

Despite the short-term technical challenges, the recent upgrades highlight Pi Network's efforts to improve its utility and attract developers, apps, and users. This could have positive medium- and long-term implications for the Pi Coin price. If market conditions improve, the Pi Coin price could reach $1 again within a few weeks and even higher by the end of the year. However, without major exchange listings, Pi Network may continue to decline, and traders might turn to alternatives. Some analysts believe Pi won't fall below $0.40, while others predict it might retest the $0.51 level. The current price pump is attributed to whale activity. Looking ahead, Pi Coin's price could start around $1.20 in July and reach up to $2.80 by December, with a small dip expected in September. Short-term predictions for 2025 suggest Pi could reach $10 to $50 as the ecosystem goes live and mass adoption kicks in. Long-term predictions for 2026 vary widely, with some experts forecasting Pi could be worth $2250 to $100,000, depending on adoption, exchange listings, and real-world use.