Pi Coin Faces Bearish Pressure Near $0.40 Support Level

The Pi Network token is currently facing significant bearish pressure, with its price hovering near the critical $0.40 support level. This level is pivotal because a drop below it could push Pi out of the top 30 tokens by market cap, making it appear riskier to new investors and potentially reducing its market traction. The Pi Core Team, which owns over 90% of the coins, is seen as a key factor in preventing such a crash. According to a close observer of the cryptocurrency, the team's control over the supply gives them the ability to manage the price and avoid a massive drop.

The Pi coin's price trajectory has been a source of concern for its users, particularly the project's early adopters. The cryptocurrency initially surged over 380% to reach a high of $2.9950 within the first seven days of its listing, capitalizing on significant hype and promotion. However, a massive selloff triggered by early adopters has since plunged the cryptocurrency into a severe bearish mode. The Pi coin first crashed to the $0.40 level in early April 2025, a decline of over 85% in less than six weeks. This level became Pi’s new base, with a retest in June causing the cryptocurrency to register an all-time low at $0.3969. Breaking below this level could be catastrophic for the cryptocurrency, and observers believe the project’s team will take measures to prevent this.

The Pi Core Team's control over 90% of the supply is expected to act as a significant barrier against a major price crash, particularly below $0.40. This control allows the team to manage the market and prevent the price from dropping massively. A veteran analyst has dismissed concerns about the price falling below $0.40, noting that the team's strategic holding of nearly 90% of the total supply provides a buffer against such a scenario. The team's influence over the market is seen as a key factor in stabilizing the price above $0.40, despite market sentiment being uncertain.

The Pi coin's price has been volatile, with recent dips attributed to a lack of progress from the Pi Core Team. Despite earlier promises of major upgrades, the price has fluctuated, currently trading at $0.61. The real value of Pi, according to some observers, is not its price on exchanges but the Pioneers Consensus Value that will be implemented in the Pi Network Main. This value is expected to provide a more accurate reflection of the cryptocurrency's worth, independent of market fluctuations.