News View Non-AMP

Pi Coin Price Drops 26% in a Week – More Losses Ahead?

Published by
Vignesh S G

Over the past week, the cryptocurrency market has been on the rise, gaining 5.61%, with Bitcoin up 5.2% and altcoins climbing 4.85%. But while most of the market is seeing green, Pi – one of 2025’s most talked-about cryptocurrencies – is deep in the red. Instead of riding the bullish wave, PI has plunged 26.3% in just seven days, including a sharp 9.4% drop in the last 24 hours.

So, what’s going on? Why is PI struggling when the rest of the market is thriving?

Let’s break down the key factors and what could happen next.

Steep Losses for Pi

PI’s recent price action has been highly volatile. On February 20, it was trading at just $0.1071. Over the next six days, its price skyrocketed by 2,688.79%, briefly crossing the $3 mark on February 26.

However, the rally was short-lived. On February 27, sellers overpowered buyers, marking the start of a continuous decline. Since then, PI’s price has fallen by more than 70.40%, with no clear signs of recovery.

Falling Demand Signals Investor Exit

Market data suggests that traders are losing interest in PI. Demand has steadily declined since February 27, reinforcing the downward trend.

A key technical indicator, On-Balance Volume (OBV), further confirms this shift. OBV tracks buying and selling pressure in a market. On February 26, PI’s OBV was around 566.88M. Today, it has plummeted to -1.06B, highlighting a significant increase in selling pressure.

Chart Analysis: Bearish Pattern Still in Play

PI has been moving within a downward-sloping channel since reaching its all-time high of $3. This pattern suggests a bearish trend, with lower highs and lower lows.

  • If selling pressure continues, PI could break below the channel, possibly dropping to $0.62.
  • If buyers step in, the price could rebound to as high as $1.13.

What’s Next for PI?

For now, PI remains under strong selling pressure, and technical indicators suggest further downside risk. Whether the price stabilizes or falls further depends on whether buyers can regain control. Traders should watch for a breakout from the descending channel to determine the next major price move.

With sellers in control and buyers on the sidelines, PI’s fate hangs in the balance. The question is: how much lower can it go before the tide turns?

FAQs

Why is PI Coin dropping in price?

PI Coin is facing heavy selling pressure due to declining demand, bearish technical indicators, and a lack of buyer interest since February 27.

Is PI Coin a good investment right now?

PI Coin is in a strong downtrend. Investors should watch for trend reversals and key breakout signals before considering an entry.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . Predictions suggest XRP could reach $5.05 by the…

June 2, 2025

Bitcoin Price Prediction for June 2025: Here’s What to Expect From the BTC Price

The Bitcoin price remained consolidated below $106,000 throughout the weekend, suggesting the sellers maintained their…

June 2, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at $99,781.91, recovering from trade deal pressures. Predictions suggest…

June 2, 2025

Elon Musk Launches XChat with Bitcoin-Style Encryption and Rust-Powered Privacy

Billionaire Founder Elon Musk behind X, has just launched XChat, a direct messaging feature rebuilt…

June 2, 2025

Is XRP the Sleeper Hit of the Week? Price Prediction Inside

XRP is facing a rocky week, as it dropped over 7% and slipped below key…

June 2, 2025

Elon Musk Unveils XChat with Bitcoin-Style Encryption

Elon Musk has introduced XChat, a new messaging feature on X (formerly Twitter) focused on…

June 2, 2025